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EVERGENT Investments reports the highest value of assets in the company’s history and a net result increased by 144% compared to the target approved by the shareholders for the entire year 2021

15 November 2021

Financial Performance

RON 2,599 million – assets under management (AUM), 27% higher than in Q3 2020

RON 2,410 million lei – net asset value, 26% higher than in Q3 2020

NAV per share - RON 2.46, 27% higher than in Q3 2020

RON 1.44 – the price of EVER share as of September 30, 2021, 12% higher than in Q3 2020

 

EVERGENT Investments, the investment company with the largest capitalization (RON 1.417 billion), reports a historical result - the total value of assets: RON 2.599 billion. As of September 30, 2021 the net result is RON 180.3 million, comprised of RON 82.4 million net profit and RON 97.9 million net gain from the sale of assets reflected in the retained earnings, accounting treatment according to IFRS 9.

"Today we are reporting the highest value of assets in the history of our company and all financial indicators reflect a consistent increase compared to the annual target. Although it is not an easy mission to deliver consistent and continuous performance, by following our strategy we manage to generate significant investment performance for our shareholders. The net result, which is 144% higher than expected, proves the strength of our business model, the performance of the management and of the entire team. Looking into the future, we identify new growth opportunities in a new economic and technological era, with solid premises for investments that generate consistent returns. We actively manage the listed portfolio, with the most performing companies in the energy and financial sector. At the same time our focus is on new projects in real-estate, agribusiness and green energy. We believe that we are at the beginning of an accelerated process of growing the company and the value for our shareholders. " - stated Claudiu Doroș - President and CEO.

The registered net result is 144% higher than the target of RON 73.9 million, approved by the shareholders for the entire year 2021. This performance of almost 2.5 times higher than the budgeted level in conditions of uncertainty is due to the net profit achieved, which is 5 times higher than the budgeted one, due to the increase of the fair value of the investments in fund units and the exceeding by 70% of the net gain reflected in the reported result. At the same time, the expenses of the current activity represent only 45% of the total budgeted target for the whole year 2021.