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Sunborn Finance Oyj - Annual Financial Report

Sunborn Finance Oyj: FINANCIAL STATEMENTS 2023


30.4.2024 22:30:00 EEST | Sunborn Finance Oyj | Annual Financial Report

Sunborn Finance Oyj: FINANCIAL STATEMENTS 2023

Sunborn Finance Oyj’s Financial Statements for 2023 are attached to this release and have been published on the company’s website at www.sunborn.com/press/. The Financial Statements include the consolidated Financial Statements, the Financial Statements of the parent company and the Report of the Board of Directors for the period 1 January – 31 December 2023.

Change of the published Q4 financial statements

The amended terms and conditions of the bond include a repayment premium of 10 % of the nominal value at maturity. Although the bond and the repayment premium has not yet matured for payment, the repayment premium has recorded to final annual financial statements in contrast to the previously published Q4 financial statements. The financial debt was erroneously EUR 50.0 Million. The repayment premium was recorded in financial expenses EUR 5.0 Million, after which the debt is EUR 55.0 Million.

Sunborn Finance Oyj
Board of Directors

For additional information, please contact:
Sunborn Group Executive Director Hans Niemi, hans.niemi@sunborn.com

Sunborn Group CFO Niina Stade, niina.stade@sunborn.com

DISTRIBUTION:
Nasdaq 
www.sunborn.com/press/

Disclaimer

The information contained in this release shall not constitute an offer to sell or the solicitation of an offer to buy securities of Sunborn Finance Oyj in any jurisdiction.

About Sunborn Finance Oyj

Sunborn Finance is part of the Sunborn Group, which is 50 years old, privately owned group of companies based in Finland, with decades of experience in the hospitality sector. Sunborn's focus is on the development of luxury spa and yacht hotels, restaurants and other high-quality property.

Sunborn is present at the moment in Finland, Denmark, United Kingdom and Gibraltar. Operations vary from spa resorts and residential communities to hotels and yacht hotels, restaurants, and catering operations in the best locations.

www.sunborn.com