The Platform Group (TPG) has published a vision document towards 2030. The German company, which operates a variety of marketplaces on its own software, plans to expand into more product categories and attract tens of thousands of additional sales partners. Its profitability must increase.
TPG grew with a build-and-buy strategy, acquiring specialized marketplaces one after the other. In the first half of this year, TPG served a total of 6.2 million customers and collaborated with nearly sixteen thousand partners. Last year, TPG acquired eight companies, including the German marketplace Hood.de and the Dutch platform Winkelstraat. In the first half of this year, seven companies were integrated, bringing TPG’s reach to 27 industries.
Vision 2030
This number is expected to roughly double through new acquisitions, according to TPG’s long-term corporate development plan called ‘Vision 2030’. Its goal is to serve more than 50 industries and grow the number of connected partners to over 40,000 by 2030. From the press release: “This is a continuation of the existing growth momentum driven by expansion across industries and customer segments.”
‘This is a continuation of the existing growth momentum.’
In parallel, the number of listed products is expected to more than triple by 2030. Since 2020, TPG has completed 35 acquisitions, and that growth pace is expected to continue over the next five years.
GMV, revenue, and margins
In its vision document, TPG outlines expected developments in gross merchandise volume (GMV), revenue, and margins through 2030. The GMV, expected to reach around 1.3 billion euros this year, is projected to exceed 4.5 billion euros within five years. Revenue is expected to more than quadruple during this period, reaching over 3 billion euros. The group’s margin is expected to rise into double-digit percentage territory, partly as a result of a series of measures, including internal cost optimization, adjustments to the portfolio strategy, and the implementation of a comprehensive AI program.
‘Our goal is to lift our margins into the double-digit range.’
“Our goal is to lift our margins into the double-digit range”, says CEO Dominik Benner. “The basis for our growth will be the increasing number of partners, expansion into additional industries, and a stronger international presence.” TPG sees plenty of growth opportunities, especially in the United States and in B2B.
