Outstanding performance of Evergent Investments:
- The total assets under management amounted to RON 3.57 billion, marking a robust growth of 42.2% since June 30, 2023 and setting a record for the company.
- Net asset value was RON 3.13 billion, up 39.4% from June 30, 2023, strengthening the company's financial position.
- Unit net asset value (NAV) was RON 3.45/share, up 41.3% compared to June 30, 2023, reflecting a superior performance in asset management.
- Dividends distributed in 2024: The amount of dividends distributed in 2024 amounted to RON 81.7 million out of 2023 net income. This underlines the company's predictability to return value to shareholders consistently.
- Strategic investments in H1 2024: RON 213.34 million.
- Concern for sustainability: over 55% of the asset portfolio is held in issuers that integrate ESG factors.
"Our results in the first half of 2024 are a testament to the success of our investment strategy and our ability to identify opportunities beyond challenges. We are on a growth trend and continue to strengthen the company's financial position despite some turbulence in the markets. We have reached an all-time high in total assets under management of RON 3.57 billion, a significant increase of 42.2% since June 30, 2023, which was more than 700 million. During the half year, the level of investments exceeded RON 213 million, reflecting our ability to dynamically manage capital and return value to investors. We have a set of opportunities that we are exploring and analyzing investment projects, taking into account the impact of potentially adverse factors such as: inflation, interest rates and the electoral context," said Mr. Claudiu Doros, Chairman and CEO of Evergent Investments.
The portfolio of listed equities holds the main share in the total asset value of 70.3% and the share of unlisted equities is 8.1%. Financials - Banking with 43.9% and Energy - Industrials with 23.4% of total assets remain the main sectors in the portfolio structure. The portfolio of listed equities is dominated by holdings in leading companies in strategic sectors.
Evergent Investments continued to develop the company to create value for investors and the Romanian community. In the second quarter, the company began dividend distributions totaling 81.7 million and started one of its shareholder-approved share buyback programs on April 29, 2024. Evergent Investments stands out with the best dividend yield (DY) in its industry of 7.09% as of June 30, 2024.
Evergent Investments, with more than 30 years of experience in the Romanian capital market, is a trailblazer, contributing to the development of the community of which it is part. By applying a well-articulated and responsible strategy, Evergent Investments effectively capitalizes on investment opportunities, both in the capital market and through private equity projects in agribusiness, real estate and technology.