EVERGENT Investments, an investment company registered under the symbol EVER, which stands out for its private equity projects, reports for the first nine months of the year a 57% increase in the expected net result for the whole of 2022. The net result of 101.4 million lei consists of 87 million lei of net profit and 14.4 million lei of net profit from the sale of assets reflected in retained earnings. On September 30, 2022, the total value of assets (AUM) is 2,193 million lei, and the value of net assets is 2,067 million lei.

• The net result of 101.4 million lei is 57% higher than the forecasted result for the whole of 2022.
• The total value of assets (AUM) is 2.193 million lei.
• 175.4 million lei were invested in the first three quarters.
• Investment in the IT sector by acquiring a stake in the Romanian software manufacturer MWARE Solutions SA
• The total area of ​​the Blueberry Farms project exceeded 100 hectares.
• Optimal combination of predictable dividend policy and buyback programs
• More than 50% of the portfolio structure of EVERGENT Investments complies with ESG principles.

“In the first nine months of 2022, EVERGENT Investments achieved significant results, exceeding the estimated budget for the full year 2022 by 57%, in a context of geopolitical and economic uncertainty, which caused extreme volatility in the markets. We acted cautiously and rebalanced the asset portfolio, paying particular attention to risk management. We continued to implement the company’s strategy by allocating capital to financials, banking and energy sectors on the BSE, as well as direct investments in sectors such as IT and agribusiness with enhanced mid- to long-term return potential. The obtained results confirm the reliability of the business model and the strength of EVERGENT Investments,” 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 distinguish the company from other capital market participants and provide an attractive return/risk ratio with significant long-term returns. The legal framework of 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 SA, a company of the EVERGENT group, has increased its area for blueberry cultivation by acquiring a 23-hectare plot in Rătești, Arges County, reaching a total area of ​​109 hectares after planting.
• EVERGENT Investments invests in the IT sector by acquiring a stake in Romanian software manufacturer MWARE Solutions SA. The IT sector is one of the most important in the Romanian economy, contributing approximately 6.2% to the gross domestic product of €13.6 billion. This sector is expected to grow at a double-digit rate in the coming years. MWARE Solutions SA differentiates itself from local and even international deep-tech IT sector players with its technology platform that provides the ability to analyze unstructured data in organizations using a neural network-based semantic data understanding model with built-in deep learning capabilities. and machine learning to open new perspectives in decision-making, customer understanding, new metrics and opportunities to automate organizational processes based on artificial intelligence.
• Residential complex “ATRIA URBAN RESORT”, developed by EVERGENT Investments together with Cityring Development, meets the nZEB energy efficiency standard, i.e. almost zero energy consumption, which adheres to the principles of “eco-friendly”, starting from Phase a-III- of the project. The systems used benefit the owners because they allow the indoor air to be replaced with fresh air coming in from outside through a process called “energy transfer” so that the heat of the escaping air is used to raise the temperature of the room. outside air entering the house, thus reducing additional energy consumption.

EVERGENT applies a predictable dividend policy for the past 15 years

In 2022, the company continues to apply the predictable dividend policy of the last 15 years, allocating 62.2 million lei for the distribution of dividends to its shareholders. 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.

Article based on ​EVERGENT Investments