029 Group SE
ISIN: DE000A2LQ2D0
WKN: A2LQ2D
27 September 2024 06:00PM

EQS-News: 029 Group SE: Publication of the half-year report 2024

029 Group SE · ISIN: DE000A2LQ2D0 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1997745

EQS-News: 029 Group SE / Key word(s): Half Year Report/Half Year Results
029 Group SE: Publication of the half-year report 2024

27.09.2024 / 18:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Berlin, 27th September 2024. 029 Group SE (ISIN: DE000A2LQ2D0), a global hospitality and lifestyle platform, announces the publication of its half-year report 2024. 029 Group SE reports a positive net result of EUR 703,212.44 for the first half of 2024, a significant improvement from the EUR -378,646.17 reported in the same period last year. The positive net result was primarily driven by the successful sale of the company's Emerald Stay investment.

Building on this financial success, the report also highlights significant achievements across the group's portfolio companies. Limestone Capital made notable strides, acquiring and successfully transforming a 55-room luxury hotel in Sardinia, which reopened as Aethos Sardinia. The company also advanced projects in Lisbon and Mallorca, while spearheading a €40 million Series A financing round for Myne Homes, Europe's leading managed co-ownership provider for premium vacation homes. In the hospitality tech sector, Hotelbird strengthened its market position in the German hospitality industry by acquiring new B2B clients and launching new guest communication features and premium services. Meanwhile, TRIP continued its impressive growth trajectory, solidifying its position as the 17th largest soft drink brand in the UK and achieving the fastest growth among the top 25 soft drinks in value sales.

Commenting on the results, our Managing Director Leon Sander states: “In the face of a challenging market and funding environment, our portfolio companies have demonstrated strong resilience and strategic progress in the first half of 2024. We remain cautiously optimistic and committed to sustainable growth, leveraging our operational strengths and prudent capital allocation to capitalize on opportunities in these dynamic times."

The 2024 half-year report 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.

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

 

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



27.09.2024 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: 1997745

 
End of News EQS News Service

1997745  27.09.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1997745&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

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%

Advertising is an important revenue channel for us. But we understand, that sometimes it becomes annoying. If you want to reduce the number of shown ADs just simply login to your useraccount and manage the settings from there. As registered user you get even more benefits.
          Qualitätsjournalismus · Made in Germany © 2024          
The news manufactory

Good luck with all your investments

Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.

Contact

Idea & concept: 3R Technologies   
boersengefluester.de GmbH Copyright © 2024 by Gereon Kruse #BGFL