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Corporate News 029 Group SE announces Publication of Annual Report Berlin, 25 April 2023. 029 Group SE (ISIN: DE000A2LQ2D0), a global hospitality and lifestyle holding (“029 Group”), announces that it has published its Annual Report and full financial results for the financial year ended 31 December 2022. Operating results were in line with expectations, with 029 Group recording a net loss of EUR 768,171 for the year, mainly attributable to expenses related to the uplisting into the regulated market in October 2022 and the initiation of its new business model as an investment holding supporting entrepreneurs building next-generation experiences, hospitality and happiness focused businesses. 029 Group now holds a portfolio of six early stage investments across the hospitality, enabling technologies and consumer categories. CEO and Founder Lorin Van Nuland commented: “We are pleased to publish our first annual report as 029 Group SE, following the strong endorsement we have received from the public markets and analyst community since our uplisting into the regulated market last year. Whereas we expect market conditions are expected to remain volatile in the year to come, our conviction in our thesis remains unchanged -- we are excited about what’s to come.”
About 029 Group SE 029 Group SE believes that the next generation of consumer brands will be built on connection, experiences, and community. In a post-pandemic world, new patterns of work, life and leisure are emerging and accelerating. These trends create opportunities in hospitality and lifestyle for innovation-driven entrepreneurship with a strong community focus. 029 Group backs the most audacious entrepreneurs with a hands-on investment approach, focusing on areas where they can add significant value through their platform, global network and company building expertise. 029 Group is based in Berlin, Germany.
029 Group SE Neue Schönhauserstr. 3-5 Email: ir@029-group.com End of Media Release Issuer: 029 Group SE Key word(s): Finance
25.04.2023 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | 029 Group SE |
| Neue Schönhauserstraße 3-5 | |
| 10178 Berlin | |
| Germany | |
| E-mail: | ir@029-group.com |
| Internet: | www.029-group.com |
| ISIN: | DE000A2LQ2D0 |
| WKN: | A2LQ2D |
| Listed: | Regulated Market in Dusseldorf, Munich |
| EQS News ID: | 1616967 |
| End of News | EQS Media |
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1616967 25.04.2023 CET/CEST
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