PRESS RELEASE

from Mendarion SE (isin : DE000A2LQ2D0)

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/



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.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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 NewsEQS Media

1616967  25.04.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1616967&application_name=news&site_id=symex
See all Mendarion SE news