029 Group SE: Publication of Annual Report 2022

EQS-Media / 25.04.2023 / 22:48 CET/CEST

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.”

The Annual Report and Financial Results are available on the 029 Group’s investor webpage, available at: https://www.029-group.com/investor-relations.

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.

For furter information, please see: https://www.029-group.com/

029 Group SE

Neue Schönhauserstr. 3-5
10719 Berlin

Email: ir@029-group.com

https://www.029-group.com/

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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

1616967 25.04.2023 CET/CEST