STOCKHOLM, July 16, 2020
STOCKHOLM, July 16, 2020 /PRNewswire/ -- "I am pleased to report that we are executing on EQT's defined strategy, despite the ongoing pandemic and challenging markets - it proves how resilient and long-term our business model is. We have signed an agreement to divest EQT Credit, we see good fundraising momentum and recently announced the target fund size for EQT Infrastructure V at EUR 12.5 billion. We are also breaking new grounds with the ESG-linked credit facility related to EQT IX, the largest ever in the global fund financing markets. And deals are being made across the different business segments, albeit fewer exits. Within the portfolio, our longstanding thematic investment strategy, makes the companies more resilient and less affected by the crisis. But we are all affected one way or the other, we stay cautious - prepare for the worst and hope for the best - while also capturing opportunities."
Christian Sinding, CEO
HIGHLIGHTS DURING THE Second QUARTER 2020
HIGHLIGHTS During the Last Twelve Months (Compared to LTM ending June 2019)
EVENTS AFTER THE REPORTING PERIOD
Presentation of EQT AB's Q2 2020 announcement
Financial analysts and media are invited to participate in a telephone conference, including a presentation at 08.30 CEST. The presentation for the telephone conference will be available on www.eqtgroup.com/shareholders/financial-reporting.
At the telephone conference, Christian Sinding, CEO and Managing Partner, and Kim Henriksson, CFO, will present EQT AB's Q2 announcement, followed by a Q&A session.
To participate, please use the following dial-in details, at least 10 minutes in advance.
UK: +44-333-300-08 04
USA: +1 631-913-14 22
Confirmation Code: 97671966
The telephone conference can be followed live on www.eqtgroup.com/shareholders/financial-reporting and a recording will be available afterwards.
Information on EQT AB's financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group's financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent. he Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors in EQT AB's share. However, in order to provide the market with relevant and suitable information about the Group's development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq's guidance note for preparing interim management statements into consideration). In addition, EQT AB publishes a half-year report and a year-end report including financial statements and further information relevant for investors in the EQT share. EQT also publishes an annual report including sustainability reporting.
Head of Communications
EQT Press Office
This is information that EQT AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on July 16, 2020
EQT is a differentiated global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors, and strategies. EQT has raised more than EUR 62 billion since inception and currently has around EUR 40 billion in assets under management across 19 active funds within three business segments - Private Capital, Real Assets and Credit.With its roots in the Wallenberg family's entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 17 countries across Europe, Asia Pacific and North America with more than 700 employees.
More info: www.eqtgroup.com
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The following files are available for download:
EQT AB (publ) Q2 Announcement 2020