029 Group SE
ISIN: DE000A2LQ2D0
WKN: A2LQ2D
22 October 2024 09:00AM

EQS-News: 029 Group SE announces Limestone Capital's investment in Selar, pioneering sustainable polar expedition company

029 Group SE · ISIN: DE000A2LQ2D0 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2012841

EQS-News: 029 Group SE / Key word(s): Miscellaneous
029 Group SE announces Limestone Capital's investment in Selar, pioneering sustainable polar expedition company

22.10.2024 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Berlin, 22nd October 2024. 029 Group SE (ISIN: DE000A2LQ2D0), a global hospitality and lifestyle platform, announces that its portfolio company, Limestone Capital, has made a strategic investment in Selar, the world's first fully sustainable polar expedition company.

Selar is developing a fleet of close-to-zero-emission ships designed to offer unique, eco-conscious exploration experiences in the Arctic and Antarctic regions. The company's vessels will utilize solar power and wind propulsion to reduce carbon emissions by 90% compared to traditional cruise ships.

Founded by Arctic Captain Sophie Galvagnon, along with Julia Bijaoui and Quentin Vacher, Selar aims to revolutionize polar tourism by providing silent, pollution-free expeditions that allow travelers to experience pristine polar environments with minimal environmental impact.

Benjamin Habbel, Managing Director of Limestone Capital AG, commented “From our first discussions, it was clear that Selar represented more than just a business—it's in line with the zeitgeist and many values we share - including sustainability, innovation, and impact. The company is building a fleet of close-to-zero-emission ships, harnessing natural power from the sun and wind to navigate the most pristine, untouched corners of the Earth. Each expedition offers adventurers the chance to explore the polar regions in complete silence, with no noise or pollution, leaving nothing but footprints.“

By 2026, when Selar embarks on its maiden voyages, passengers will have the rare opportunity to experience the Arctic like never before—whether swimming alongside orcas, skiing untouched fjords, or observing polar bears in absolute tranquility. Selar's expeditions will offer the ultimate in personalized, off-the-beaten-path adventure, designed to inspire a deeper understanding and appreciation of our planet.

 

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.

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

 

About Limestone Capital AG

Limestone Capital is a leading private equity firm dedicated to investing and creating value in the experience economy. We develop and incubate branded platforms in the global travel and hospitality sector, often alongside a value-add real estate strategy. Limestone advises  family offices and institutional investors on their investment strategies and has over €1 billion Euro invested across its various hospitality platforms. Existing portfolio companies include Aethos Hotels, Emerald Stay, Voaara, as well as various operating real estate assets in European destinations such as Madrid, Milan, Lisbon, Ericeira, Mallorca, Corsica and Sardinia.

Further information: https://www.limestone-capital.com/

 

029 Group SE
Neue Schönhauserstr. 3-5
10719 Berlin
E-Mail: ir@029-group.com
https://www.029-group.com/



22.10.2024 CET/CEST Dissemination of a Corporate News, 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: 2012841

 
End of News EQS News Service

2012841  22.10.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 0,00 0,00 0,01 0,00 0,00 0,05 0,00
EBITDA1,2 0,00 0,00 0,00 -0,02 -0,66 -5,59 0,00
EBITDA-Margin3 0,00 0,00 0,00 0,00 0,00 -11.180,00 0,00
EBIT1,4 0,00 0,00 0,00 -0,02 -0,66 -5,59 0,00
EBIT-Margin5 0,00 0,00 0,00 0,00 0,00 -11.180,00 0,00
Net Profit (Loss)1 0,00 0,00 0,00 -0,02 -0,66 -5,62 0,00
Net-Margin6 0,00 0,00 0,00 0,00 0,00 -11.240,00 0,00
Cashflow1,7 0,00 0,00 0,01 -0,02 -0,39 -0,54 0,00
Earnings per share8 0,00 0,00 0,00 0,00 -0,13 -1,12 -0,45
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Forvis Mazars

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
029 Group
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A2LQ2D DE000A2LQ2D0 SE 77,00 Mio € 10.08.2022 9F4MGCF3+VR
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
-118,46 0,00 0,00 -33,70 4,92 -142,86 1.673,91
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
10.06.2024 27.09.2024 24.04.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,00%
15,40 €
ATH 21,00 €
-0,21% +2,50% -2,53% -3,14% +156,67%

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