EPH Group AG publishes financial figures for 2023

EPH Group AG publishes financial figures for 2023

• Profit for the period of € 0.5 million in the short financial year 2023
• Project pipeline well filled
• Bond issue supports growth
• Listing of EPH Group shares on the Vienna Stock Exchange planned

Vienna, 28 June 2024 - EPH Group AG, a company planning to build a diversified portfolio of high-yield hotels and resorts in the premium and luxury segment in Austria, Germany and other top European destinations, has published its first annual financial statements for the short financial year from 19 April to 31 December 2023. The financial report, which was voluntarily prepared in accordance with IFRS standards, shows a profit for the period of EUR 0.5 million, total assets of EUR 6.7 million and equity of EUR 0.6 million.

Activities in 2023 were largely characterised by the issue of a tourism bond with a volume of up to EUR 50 million and a term of seven years. It offers an interest rate of 10% p.a. with a monthly distribution. With a denomination of EUR 1,000, the bond is aimed at both institutional and private investors. The bond is listed on the Open Market (Quotation Board) of the Frankfurt Stock Exchange and on the Vienna MTF of the Vienna Stock Exchange (ISIN: DE000A3LJCB4 / WKN: A3LJCB) and, since April 2024, also on Euronext Paris in the Euronext Access segment.

The proceeds from the placement of the bond will be used primarily to build up a diversified portfolio of high-yield premium and luxury hotels and resorts. For the current project, a project company has already acquired an approximately 34,000 square metre plot of land in a prime location in the Kitzbühel Alps in Austria. A resort in the premium segment will be built there with a well-known international hotel brand as operator.

In order to further strengthen the capital base and reduce the risk for bond investors, it is planned to have the shares of EPH Group AG listed on the Vienna MTF of Wiener Börse AG (segment "direct market plus"). Preparations for this are already underway in order to be able to realise the IPO quickly once the critical size has been reached.

Alexander Lühr, CEO of EPH Group AG: "As the new CEO, I am delighted to be able to present such a pleasing result for the past short financial year 2023. I would like to thank my predecessor, Jürgen Geisler, for this achievement in a difficult market environment. We are well on the way to realising a first-class hotel project thanks to the purchase of an exposed site near Kitzbühel. More will follow. The pipeline is well filled and we are constantly reviewing incoming offers. The liquid funds currently available, in conjunction with the ongoing placement of our bond, also allow us to take advantage of short-term opportunities."

The financial report as at 31 December 2023, together with all information on the bond, can be found on the company's website at www.eph-group.com.

End of the company announcement
 

About EPH Group AG:
EPH Group AG consists of a group of investors, project developers, hotel property, financing and capital market experts. The company plans to build a diversified portfolio of high-yield hotels and resorts in the premium and luxury segment in Austria, Germany and other top European destinations. Thanks to the EPH team's many years of experience, it has excellent market access and a full acquisition pipeline. In the areas of feasibility studies, due diligence, valuation, contract management, M&A, portfolio strategy, development and construction, EPH Group AG works together with the leading hotel and tourism consulting companies in Austria and Germany. This enables the company to draw on comprehensive expertise and develop the best possible strategy for each project.

The EPH Group AG bond (ISIN: DE000A3LJCB4 / WKN: A3LJCB) is listed on the Open Market (Quotation Board) of the Frankfurt Stock Exchange, on the Vienna MTF of the Vienna Stock Exchange and as part of a dual listing on Euronext Paris in the Euronext Access segment.

Further information can be found at www.eph-group.com.
 

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