EVERGENT Investments, an investment company registered under the symbol EVER, which stands out for its private equity projects, reports in the first half of the year that it exceeded the expected net result for the full year 2022. The net result recorded on June 30, 2022 consists of 54.2 million lei of net profit and 11 million lei of net profit from the sale of assets reflected in retained earnings. The total asset value (AUM) is 2,450 million lei, which is 1.7% more than in S1 2021, and the value of net assets is 2,278 million lei, which is 2.1% more than in the same period last year.

• The net result for the first half of the year of 65.2 million lei is an excess of the calculated result for the whole year 2022.
• Total asset value (AUM) increased by 1.7% compared to S1 2021 to 2,450 million lei.
• In the first semester, 117 million lei were invested.
• 62.2 million lei, dividends distributed on the payment date of June 10, 2022.
• The total area of ​​the Blueberry Farms project exceeded 100 hectares.
• “Atria Urban Resort” project receives permission to build phase IIIa for 338 “eco-friendly” apartments.
• More than 50% of the portfolio structure of EVERGENT Investments is consistent with ESG principles.

“The net result of 65.2 million lei for the first half of the year means exceeding the projected target for the whole of 2022, confirming the company’s resilience in the context of economic imbalances and geopolitical tensions. Although these factors caused an increase in risk aversion, we explored the opportunities that arose and took advantage of them, investing more than 100 million lei during this period. Although the outlook for recession is becoming more pronounced, we remain confident in the team’s resilienceEVERGENT Investmentsproceed with caution in this turbulent environment and we expect to close 2022 with positive results.” said Claudio Dorosh, Chairman of the Board of Directors and General Manager of EVERGENT Investments.

Continue to invest in the private equity portfolio

Direct investment projects differentiate the company from other capital market players and provide an attractive return/risk ratio with significant long-term returns. The legal framework of the FIA ​​allows allocation of up to 40% of unlisted assets, and EVERGENT Investments has set a first “limit” of 20-25% of assets for placement in these projects.

• Agrointens, a company of the EVERGENT Group, has increased its area for blueberry cultivation with the recent acquisition of a 23-hectare site in Receşti, Arges County, reaching a total area of ​​109 hectares after planting.
• The “Atria Urban Resort” project received approval for the construction of phase III a. 338 apartments will be built in accordance with global trends in sustainable development and reducing the carbon footprint. The buildings will be equipped with solar panels for the preparation of hot water and heat recuperators.

Dividend policy

On June 10, the company began paying dividends to its shareholders in the total amount of 62.2 million lei. Through an optimal combination of predictable dividend policy and buyback programs, the company returns value to shareholders. This aspect is confirmed by the dividend distribution rates in recent years, which demonstrate the stability of the company’s cash flows, implicitly a strong financial position in the market.