Investment firm Evergent reports a year-over-year increase in net results for 2024, amounting to 263.66 million Romanian lei, marking a 29% boost compared to 2023. The total return for Ever shares stands at 22.94%, surpassing BET-TR's 16.15% return.
In a press release, Claudiu Doroș, President and CEO of EVERGENT Investments, announced the company's impressive 2024 performance, showcasing the efficiency of its investment strategy and creating value for shareholders.
EVERGENT Investments, with over 30 years of experience in the Romanian capital market, has demonstrated a well-articulated and responsible strategy. The company's total assets surpassed 650 million euros, representing a 15% increase compared to December 31, 2023.
The net result for the year 2024 amounted to RON 263.66 million, marking a 29% year-over-year increase and surpassing the budgeted level by 175%. This net result consists of net profit and net gains from the sale of financial assets classified at fair value through other comprehensive income (FVTOCI), reflected in the retained earnings.
EVERGENT Investments allocated RON 81.67 million to the 2024 dividend fund from the 2023 result. Over the past 15 years, the company has paid over RON 1 billion in dividends.
The total share return significantly outperformed the benchmark index BET-TR of 16.5%. EVERGENT Investments achieved a total EVER share return of 22.94% in 2024.
EVERGENT Investments' impressive performance can be attributed to its advanced use of AI technology, particularly for customer lifecycle management and churn prediction. The company demonstrated a strong competitive edge through its AI-powered customer lifecycle management platform, which achieved a 94% churn prediction accuracy for a major gaming client in 2024.
In addition to operational excellence in technology deployment, EVERGENT Investments engaged in significant portfolio management activities. This included a public purchase offer representing 7% of Patria Bank’s shares and exploration of stake sale options.
Despite the complex economic and political environment at the end of 2024, EVERGENT Investments recorded total assets of RON 3.39 billion. The company's predictable dividend policy and buyback programs contribute to its commitment to creating value for shareholders.
Furthermore, EVERGENT Investments is involved in private equity projects in real estate, technology, and agribusiness, reflecting its commitment to community development. The company's innovative approach to AI applications underscores its role as a global leader in its sector.
- EVERGENT Investments, not only excels in the capital market with its 30-year history, but also expands its business scope into sectors like real-estate, technology, and agribusiness, showcasing a diverse investment strategy.
- In the realm of finance and business, EVERGENT Investments' AI-powered customer lifecycle management platform, which achieved a high accuracy in churn prediction, offers a significant competitive edge, reflecting its innovative approach to investing.
