EVERGENT Investments, an investment company registered 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 an indicator of the company’s performance, consisting of 84.5 million lei of net profit and 51.9 million lei of net profit from the sale of financial assets reflected in retained earnings, accounting in accordance with IFRS 9.

• The net result on September 30, 2023 was 136.4 million lei, which is 34.5% more than on September 30, 2022.
• The total value of managed assets was 2,800 million lei, which is 27.7% more compared to September 30, 2022
• The value of net assets was 2,500 million lei, growing by 20.9% compared to September 30, 2022
• The value of the net asset unit (VUAN) was 2.7321 lei, an increase of 24.3% compared to September 30, 2022
• The value of distributed dividends in 2023 was 82.7 million lei
• 194.7 million lei was the value of investments for the first nine months of 2023
• More than 50% of the asset portfolio is held by issuers that integrate ESG factors
  

The total value of the company’s assets on September 30, 2023 was 2,800 million lei, which is 27.7% more than on September 30 of the previous year, and is maintained above the threshold of half a billion euros thanks to careful selection of actions and the formation of a diversified portfolio.

“On September 30, 2023, we completed a new quarter with solid results. We have an upward trend, the level of investments reached 194.7 million lei. In a period of growing geopolitical tensions and increased risk aversion, our investments have been adapted to an economic context of high inflation and high interest rates. During short-term fluctuations in the economic cycle, we acted quickly to take advantage of opportunities, and as of September 30, 2023, net income increased by 34.5% compared to the same date in the previous year. The global economy and capital markets, including local ones, are rapidly evolving because of how we see the investment process. Identifying these trends gives us benchmarks that guide our decisions.” said Mr. Claudio Dorosh, President and CEO 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 buyback programs. On June 28, 2023, the company began paying dividends for 2022 in the total amount of more than 82.7 million lei.

Of the total value of managed assets, 71.9% is a portfolio of listed shares, and 19.7% is a portfolio of unlisted shares. In accordance with the investment strategy, the company reconfigured its asset portfolio and continued to pay special attention to companies in the energy and industrial sector with 24.3% of the total value of assets and the financial and banking sector with 43.9%. EVERGENT Investments continues the development of the Private Equity portfolio. With more than 50% of the asset portfolio held in issuers that integrate ESG factors, EVERGENT aligns with ESG trends to create long-term stable value.

About EVERGENT Investments

EVERGENT Investments, with more than 30 years of experience in the Romanian capital market, is an innovator that contributes to the development of the community of which it is a part. Applying a well-articulated and responsible strategy, EVERGENT Investments effectively exploits investment opportunities both in the capital market and through direct investment projects in agribusiness, real estate and technology.

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

Article based on EVERGENT Investments