Saturday, September 21, 2024
HomebusinessEQS-News: NEON EQUITY AG with leap in profits in 2023

EQS-News: NEON EQUITY AG with leap in profits in 2023

Published on

spot_img


EQS-News: Neon Equity AG

/ Key word(s): Preliminary Results/Miscellaneous

NEON EQUITY AG with leap in profits in 2023

15.02.2024 / 13:45 CET/CEST
The issuer is solely responsible for the content of this announcement.

NEON EQUITY AG with leap in profits in 2023

 

  • EBIT almost doubled from EUR 9.2 million (FY 2022) to around EUR 17 million (FY 2023)
  • Further increases in earnings planned for the current year

 

Frankfurt am Main, 15 February 2024 – NEON EQUITY AG (NEON EQUITY ISIN: DE000A3DW408), a founder-led investor and growth enabler, announces its preliminary, unaudited key financial figures for 2023 according to HGB accounting and was able to significantly increase its profit. EBIT almost doubled from EUR 9.2 million in the 2022 financial year to around EUR 17 million in 2023. Profit before taxes amounted to around EUR 20 million, compared to EUR 12.9 million in the 2022 financial year, and also benefited from a positive financial result. Net profit for the year also increased significantly by more than 58% year-on-year to EUR 19 million. NEON EQUITY was thus able to continue its profitable growth in the 2023 financial year. The positive business development is primarily the result of the strong investment business in 2023 and the portfolio expansion. NEON EQUITY invested in the innovative health tech company EasyMotionSkin Tec and the electric car manufacturer Elaris, among others. These investments were successively increased in the past year. NEON EQUITY has also supported numerous companies in their growth financing, for example the international nuclear fusion company ALPHA RING.

See also  World's happiest countries: Finland is number 1 again

NEON EQUITY is aiming for further profit increases in 2024 and plans to systematically expand its investment portfolio. The focus is on ESG-compliant companies that are active in future markets. NEON EQUITY will also continue to support companies with their growth strategy and capital market transactions.

Thomas Olek, CEO and founder of NEON EQUITY: “2023 was a very important year for us. We were able to grow strongly, further expand our network and increase our investments in future-oriented, innovative companies. The positive key financial figures for 2023 underline our strength as an investment company. The current year will also be characterized by growth at NEON EQUITY – promising transactions and IPOs are already planned for our clients in the first half of the year.”

About NEON EQUITY

NEON EQUITY AG invests in ESG-compliant companies with high growth opportunities in future industries such as AI, mobility, nutrition, health and energy and accompanies them in successful IPOs. NEON EQUITY is one of the leading providers in advising on IPOs and capital market transactions and connects fast-growing ESG companies with international institutional investors. NEON EQUITY pursues a sustainable and stock market relevant strategy and advises its portfolio partners independently of banks on all capital market instruments.

Investor Relations and Media Relations

edicto GmbH
Axel Mühlhaus / Svenja Liebig
+49 69 90550 5-50
[email protected]
www.neon-equity.com

15.02.2024 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.

See also  Google faces a possible $100 billion litigation avalanche, says Bernstein

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



Source link

Latest articles

Scott Jennings takes on CNN panel over antisemitism in the US: Problem is ‘not on the right’

CNN commentator Scott Jennings said that the Democratic Party was not doing...

Elon Musk’s X Backs Down in Brazil

In an abrupt reversal, the social network’s lawyers said it was complying with...

Lost cat makes 900-mile journey back home to California from Yellowstone

A husband and wife in California who thought their cat was gone...

Hormone replacement was the answer for women, until it wasn’t – San Diego Union-Tribune

Women will spend approximately one-third of their lives after the menopause transition and...

More like this

Scott Jennings takes on CNN panel over antisemitism in the US: Problem is ‘not on the right’

CNN commentator Scott Jennings said that the Democratic Party was not doing...

Elon Musk’s X Backs Down in Brazil

In an abrupt reversal, the social network’s lawyers said it was complying with...

Lost cat makes 900-mile journey back home to California from Yellowstone

A husband and wife in California who thought their cat was gone...