Earnings call transcript: The Platform Group posts strong H1 2026 growth

The Platform Group reported a strong first-half 2026 performance, with revenue rising more than 20% year-over-year and adjusted EBITDA increasing by 23%. Net profit remained nearly steady at EUR 33.5 million. The company did not provide EPS or revenue figures for comparison, but shares surged 9.31% to $1.08, a 54.3% increase from its 52-week low.

GMV grew to EUR 788 million from EUR 642.52 million, while revenue increased over 20%. Organic growth accounted for 73% of revenue growth, indicating internal expansion rather than acquisitions. Freight goods, however, declined by 5% and remained the weakest part of the business. Management expects this segment to improve in the next 12 months.

The company's 2026 guidance remains unchanged. CEO Dominik Benner highlighted positive GMV and revenue growth, but noted that EBITDA increased by 23% and net profit was almost unchanged, with EPS falling to EUR 1.34 due to share dilution. The company expects gross margin pressure to persist for another six to nine months before improving.

It is pursuing AI optimization and targeted acquisitions to address challenges, with the AEP acquisition still on track to close in 2026. Analysts questioned the freight segment's performance and the company's leverage, to which management responded positively about debt reduction targets.