📈 Record Year for TPG
The Platform Group (TPG) had a stellar 2023. The gross merchandise volume (GMV) rose from $650M to $770M. Sales reached $480M, exceeding forecasts. This marks the most successful year in TPG's history. TPG includes Outfits24, Schuhe24, and Fashionette.
📊 Increased Partnerships and Customers
The number of connected partners grew to 5,520 from 4,872 in 2022. Active customers surged to 4.05M from 3.48M. The expansion to 20 industries and enhanced platform and software solutions fueled this growth. TPG's CEO said, "Our growth strategy is paying off."
💰 Enhanced Profitability
TPG's cost and efficiency program in 2023 significantly boosted profitability. Adjusted EBITDA increased by 89%, reaching $24.7M. Consolidated profit hit $29.4M, up from $23.5M in the previous year. "We're very proud of our financial achievements," stated the CFO.
🚀 Future Growth Prospects
TPG projects continued growth in 2024, expecting GMV between $825M and $870M and sales from $500M to $510M. Their goal is to become Europe's leading platform group via software, big data, and marketing services. "Our scalable model will drive future success," the CEO remarked.
How do you think TPG can sustain its growth?
