EVERGENT Investments reports record financial results for H1 2024
On June 30, 2024, EVERGENT Investments, a company listed under the ticker EVER, reported a net result of 250 million lei, which is 2.6 times higher than the budgeted level for the entire year of 2024. This figure includes a net profit of…
On June 30, 2024, EVERGENT Investments, a company listed under the ticker EVER, reported a net result of 250 million lei, which is 2.6 times higher than the budgeted level for the entire year of 2024. This figure includes a net profit of 122.5 million lei and a net gain of 127.5 million lei from the sale of financial assets reflected in the retained earnings. The net result serves as the performance indicator for EVERGENT Investments, demonstrating the company's consistent ability to create value for its shareholders and exceed expectations for the entire year of 2024.
Outstanding Performances of EVERGENT Investments:
- Total assets under management: 3.57 billion lei, marking a robust growth of 42.2% compared to June 30, 2023, setting a new record for the company.
- Net asset value: 3.13 billion lei, up 39.4% from June 30, 2023, further strengthening the company’s financial position.
- Net asset value per share (NAVPS): 3.45 lei per share, an increase of 41.3% compared to June 30, 2023, reflecting superior performance in asset management.
- Dividends distributed in 2024: Totaling 81.7 million lei from the net profit of 2023, underscoring the company’s consistent return of value to its shareholders.
- The value of dividends allocated for 2024 is 81.7 million lei from the net profit of 2023. This underscores the company's predictability to return value to its shareholders consistently.
- Strategic investments in H1 2024: 213.34 million lei.
- Sustainability focus: Over 55% of the portfolio is held in issuers that integrate ESG factors.
“The results achieved in the first half of 2024 are proof of the success of our investment strategy and our ability to identify opportunities beyond challenges. Despite some market turbulence, we are on a growth trend and continue to strengthen the company's financial position. We have reached a historic high of total assets under management, amounting to 3.57 billion lei, a significant increase of 42.2% compared to June 30, 2023, which meant exceeding the 700 million euro threshold. This semester, the level of investments exceeded 213 million lei, reflecting our ability to dynamically manage capital and return value to investors. We have a set of opportunities that we are exploring, and we are analyzing investment projects, taking into account the potential impact of adverse factors such as inflation, interest rates, and the electoral context,” said Mr. Claudiu Doroș, President and CEO of EVERGENT Investments.
