EVERGENT Investments reports a net result of RON 101.4 million in Q3 2022
The net result of RON 101.4 million exceeds by 57% the estimated result for the entire year 2022 - The total value of the assets under management was RON 2,193 million - RON 175.4 million invested in the first three quarters - The company…
- The net result of RON 101.4 million exceeds by 57% the estimated result for the entire year 2022
- The total value of the assets under management was RON 2,193 million
- RON 175.4 million invested in the first three quarters
- The company invested in the IT sector through the acquisition of a stake in the Romanian software manufacturer MWARE Solutions
- The total area of the "Blueberry Farms" exceeded 100 ha
- Optimum mix between the predictable dividend policy and the buyback programs
- More than 50% of the EVERGENT Investments portfolio is aligned with ESG principles.
EVERGENT Investments, a company listed under the ticker EVER, which differentiates itself through its private equity projects, reports that the estimated net result for the whole year 2022 was exceeded by 57% in the first 9 months of 2022. The net result of RON 101.4 million is comprised of RON 87 million net profit and RON 14.4 million net gain from financial asset sale reflected in retained earnings. The total value of the assets under management was RON 2,193 million and the value of the net assets was RON 2,067 million on September 30, 2022.
“In the first nine months of 2022, EVERGENT Investments achieved solid results, exceeding by 57% the estimated budget for the entire year 2022, in a context marked by geopolitical and economic uncertainties, that led to extreme market volatility. We have operated cautiously and rebalanced the asset portfolio with a strong focus on risk management. We continued to apply the company's strategy by allocating capital in the financial-banking and energy sectors at the BSE, but also in private equity investments in sectors such as IT and agribusiness, with increased profitability potential in the medium and long-term.
The obtained results confirm the solidity of the business model and the strength of EVERGENT Investments”, said Claudiu Doroș, President of the Board and CEO of EVERGENT Investments.
The investments continue in the Private Equity Portfolio
The private equity projects differentiate the company from other capital market players and bring an attractive return/risk ratio, with significant long-term profit. The AIF legal framework allows the allocation of up to 40% in unlisted assets and EVERGENT Investments has set a first threshold of 20-25% of assets for allocation in these projects.
