EVERGENT Investments reports 34.5% increase in net result as of September 30, 2023

EVERGENT Investments, the investment company listed under the symbol EVER, reports a net result of 136.4 million lei as of September 30, 2023, an increase of 34.5% compared to September 30, 2022. The net result is the company’s performance indicator, composed of 84.5 million lei net profit and 51.9 million lei net gain from the sale of financial assets reflected in retained earnings, accounting treatment according to IFRS 9.

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The net result was 136.4 million lei on September 30, 2023, up 34.5% compared to September 30, 2022

· The total value of managed assets was 2,800 million lei, up 27.7% compared to September 30, 2022

· The net asset value was 2,500 million lei, increasing by 20.9% compared to September 30, 2022

· The unit value of the net asset (VUAN) was 2.7321 lei, increasing by 24.3%, compared to September 30, 2022

· 82.7 million lei was the value of the dividends distributed in 2023

· 194.7 million lei was the value of investments in the first nine months of 2023

· More than 50% of the asset portfolio is held in issuers that integrate ESG factors

The total value of the company’s assets was 2,800 million lei on September 30, 2023, increasing by 27.7% compared to September 30 of the previous year, and it is maintained above the threshold of half a billion euros through a rigorous selection of actions and a diversified portfolio construction.

“On September 30, 2023, we closed a new quarter with solid results. We are positioned on a growth trend, the investment level has reached 194.7 million lei. In a period of growing geopolitical tensions and increased risk aversion, our investments have been adapted to the economic context of high inflation and increased interest rates. During the shorter-term fluctuations of the economic cycle, we acted quickly to take advantage of opportunities and marked a 34.5% increase in net result at September 30, 2023 compared to the same date of the previous year. The global economy and the capital markets, including the local one, are moving fast as a result of the way we see the investment process. Identifying these trends gives us reference points that guide our decisions.” said Mr. Claudiu Doroș, President and General Manager of EVERGENT Investments.

EVERGENT Investments continues to return value to its shareholders in both the short and long term, supported by annual dividend distribution rates over the past 15 years and buy-back programs. On June 28, 2023, the company began paying dividends for the year 2022, totaling more than 82.7 million lei.

Of the total value of managed assets, 71.9% represents the portfolio of listed shares, and 19.7% is the portfolio of unlisted shares. In line with the investment strategy, the company recalibrated the asset portfolio and continued to pay special attention to companies in the energy-industrial sectors, with 24.3% of the total value of assets, and financial-banking, with 43.9%. EVERGENT Investments continues the development of the Private – Equity portfolio. More than 50% of the asset portfolio is held in issuers that integrate ESG factors, so EVERGENT aligns with ESG trends to generate long-term sustainable value.

About EVERGENT Investments

EVERGENT Investments, with over 30 years of experience in the Romanian capital market, is a trailblazer, contributing to the development of the community of which it is a part. By applying a well-articulated and responsible strategy, EVERGENT Investments efficiently capitalizes on investment opportunities, both in the capital market and through private equity projects in agribusiness, real estate and technology.

Through its predictable dividend policy and buyback programs, the company offers shareholders both short-term profits and the long-term prospect of increasing the value of the assets held. Over the last 15 years, the company has distributed dividends that exceed the value of 840 million lei, and the value of the managed assets has exceeded the significance threshold of 500 million euros. www.evergent.ro

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