Copenhagen Coffee Lab Holding Aps

The income statement for 2022 shows a loss of EUR 3,251 thousand against a loss of EUR 3,731 thousand last year, and the balance sheet at 31 December 2022 shows a negative equity of EUR 13,018 thousand. The result for the year is considered unsatisfactory, however the performance of the business were affected negatively by external factors.
2022 was the first year without the impact of the COVID-19 pandemic and marked a certain level of normalization. During 2022 Copenhagen Coffee Lab opened new stores across Europe and experienced increased revenue in all markets. The company also initiated several operational initiatives to strengthen the organisation and to support future growth and profitability, which will continue into 2023. However, despite the positive revenue development, the company´s result was affected by the situation in Ukraine, which has led to higher operating costs, consumer reluctance and higher financing costs for the company.