Fintech PR

EQT AB hosts Capital Markets Day

Published

9 months ago

March 6, 2024

CISION (PR Newswire)

Today EQT hosts a Capital Markets Day in Stockholm, marking 30 years since its inception, and its fifth year as a listed company
Since its listing in 2019, EQT has grown total revenues fourfold, expanded its adjusted EBITDA margin from 46% to 58%, and increased market cap by ~470%, enabled by strong fundraising momentum and M&A, whilst delivering consistent and strong returns to its global client base
At its Capital Markets Day, EQT outlines its strategic objectives and comments on its medium- to long-term financial targets

STOCKHOLM, March 6, 2024 /PRNewswire/ — Strategic objectives

EQT has built a global leader in active ownership strategies, based on its thematic investment approach, locals-with-locals teams, a clear governance model, its global network of industrial advisors, a values-based culture, and a mission to create superior returns for its clients.

Today, EQT is top 3 globally in Private Equity¹, top 5 in Infrastructure², no 1 in Value-Add Infrastructure³, and top 10 in Private Real Estate⁴. EQT aims to remain at the forefront of the private markets industry and a top performer by applying its cutting-edge value creation approach. Through superior returns, EQT aims to continue to outgrow the private markets industry to:

become the global leader in Private Equity,
become top 3 in Infrastructure and maintain its no 1 position in Value-Add Infrastructure;
and to join the top 3 in Private Real Estate.

Christian Sinding, CEO, said: “I am very encouraged by the market opportunity both to serve our clients and to apply an industrialist mindset to develop assets to play a meaningful role in tomorrow’s economy. Having entered EQT’s fourth decade, our goal remains to constantly innovate, as we embrace themes such as climate and AI, and bring new solutions to our clients. Selectively filling white space in the platform and solidifying our leadership in our existing strategies are persistent priorities. Our focus will remain on securing outstanding performance for an expanding client base while delivering on our purpose of future-proofing companies and making a positive impact for all.”

Financial targets

At the time of EQT’s listing, EQT’s Board of Directors adopted medium- to long-term financial targets expecting;

total revenue growth to exceed the long-term growth rate of the private markets industry; and
adjusted EBITDA margin to be in the range of 55-65%; and
to generate a steadily increasing annual dividend in absolute euro denominated terms.

EQT has since grown revenues by ~40% annually (including acquisitions), and increased its adjusted EBITDA margin from 46% to 58%, whilst growing its dividend per share by, on average, 13% per year.

Today EQT re-confirms its revenue growth and adjusted EBITDA margin targets, and refines its dividend growth target to be on a per share basis. Furthermore, EQT comments on its financial targets:

EQT’s management fees are expected to grow faster than the growth rate of the private markets industry.
The combination of continued value creation and an eventual pick-up in exit activity is expected to result in the realization of substantial carried interest.
EQT may exceed its 55-65% adjusted EBITDA margin target in years of significant carried interest. EQT furthermore expects its adjusted EBITDA margin excluding carried interest (fee-related adjusted EBITDA margin) to, over time, reach the 55-65% range.
EQT expects to generate a steadily increasing annual dividend per share. In addition, EQT may complement its ordinary dividend with further cash distributions, share buy-backs, or a combination thereof.

The Capital Markets Day presentation can be accessed on the Shareholder Relations page of the EQT website from 13:00 CET on 6 March 2024, and a recording of the event will be made available on EQT’s website on 7 March 2024.

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, [email protected], +46 8 506 55 334

1) PEI 300: 2023. Based on the amount of private equity capital raised over five years ending 31/03/2023.
2) II 100: 2023. Based on the amount of infrastructure direct investment capital raised between 01/01/2018 and 31/08/2023.
3) Realfin state of the Market: Global infrastructure 2024. Top Value-add fund managers by direct capital raised last five years.
4) PERE 100: 2023. Based on the amount of private real estate direct investment capital raised between 01/01/2018 and 31/03/2023.

The following files are available for download:

https://mb.cision.com/Main/87/3941600/2651451.pdf Advertisement	PR CMD ENG
https://news.cision.com/eqt/i/eqt-cmd-on-6-march-2024,c3275375	EQT CMD on 6 March 2024

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Fintech PR

China’s AIMA brand electric motorbike is now in Bangladesh

Published

4 hours ago

November 23, 2024

CISION (PR Newswire)

DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.

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Fintech PR

China Telecom Gulf Officially Launches in Saudi Arabia for Business

Published

5 hours ago

November 23, 2024

CISION (PR Newswire)

china-telecom-gulf-officially-launches-in-saudi-arabia-for-business

HONG KONG, Nov. 23, 2024 /PRNewswire/ — On November 21, China Telecom Gulf was officially launched in Riyadh. This milestone marks a significant step in China Telecom’s efforts to provide deep services under the “Belt and Road Initiative” and to promote the building of a “China-Arab Community with a Shared Future.” It signifies another solid advancement on China Telecom’s path toward internationalization. Mr. Liu Guiqing, Executive Director and EVP of China Telecom Corporation, delivered an opening speech, along with Mr. Fawaz, Representative of Contact Office of Chinese Companies in the KSA, Deputy General Manager of Industrial and Commercial Bank of China Riyadh Branch. Over 100 guests and leaders from the Economic and Commercial Office of Embassy of the PRC of the KSA, Saudi Telecom Company (STC), Bank of China, Huawei, and others attended to witness this momentous occasion.

In his address, Mr. Liu Guiqing emphasized China Telecom’s commitment to openness, cooperation, and mutual benefit. He expressed the company’s willingness to share its experiences in cloud-network integration, cloud transformation, intelligent operations, and technological innovation. China Telecom aims to work closely with various levels of Saudi governments, enterprises, and partners to actively participate in the development of local digital infrastructure, drive the rapid advancement of next-generation information technologies, and establish a robust bridge for cooperation between China and Saudi Arabia in the field of information technology. Leveraging its extensive resources and global operational capabilities, China Telecom plans to bring its strengths in 5G, cloud computing, artificial intelligence, and other fields to provide innovative, high-quality communication products and services to Saudi enterprises, institutions, and consumers.

Mr. Fawaz extended his warm congratulations on the opening of China Telecom Gulf. He highlighted that as a leading global provider of communication services, China Telecom possesses abundant cloud-network resources and mature international service capabilities. The establishment of China Telecom Gulf is a significant step toward supporting the digital transformation of businesses in the region. He expressed confidence that through joint efforts, the company will seize opportunities in the digital era and contribute to Saudi Arabia’s socio-economic development and practical cooperation between China and Saudi Arabia in various fields.

China Telecom showcased its global resources, business capabilities, and its investments and partnerships in the Middle East and Africa. Key services introduced included eSurfing Cloud, computing power solutions, quantum technology, and customized 5G networks. Currently, China Telecom operates branches in 42 countries and regions worldwide, owns 53 international submarine cables, and manages 27 self-operated Internet Data Centers (IDCs). Its cloud-network integrated infrastructure and customer-centric digital service systems provide coverage across the globe.

During the event, China Telecom Gulf signed strategic cooperation agreements with Saudi Telecom Company (STC), Huawei Saudi Arabia, and Baud Telecom Company. The parties committed to deep collaboration, leveraging their respective strengths to provide optimized and convenient digital experiences to Saudi customers.

The establishment of China Telecom’s presence in Saudi Arabia marks a major milestone in the company’s entry into the Middle Eastern communications market, representing a key development in its global strategy. Moving forward, China Telecom Gulf will leverage China Telecom’s robust digital infrastructure and resource integration capabilities. We will collaborate closely with local Saudi enterprises, Chinese businesses expanding internationally, and global companies to strengthen cooperation and enhance exchanges. The company aims to contribute to the growth of Sino-Saudi and Middle Eastern industrial cooperation, continuously offering more smart solutions for the development of the Middle East’s digital economy, while striving to become a world-class provider of digital and intelligent technology services.

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View original content:https://www.prnewswire.co.uk/news-releases/china-telecom-gulf-officially-launches-in-saudi-arabia-for-business-302314765.html

Fintech PR

Redefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore

Published

20 hours ago

November 23, 2024

CISION (PR Newswire)

redefining-financial-frontiers:-nucleus-software-celebrates-30-years-with-synapse-2024-in-singapore

SINGAPORE, Nov. 23, 2024 /PRNewswire/ — The thriving India–Singapore partnership in banking and technology reached a new milestone as Nucleus Software celebrated 30 years of transformative innovation at Synapse 2024, held in Singapore. The event underscored the company’s role in redefining financial services across Southeast Asia (SEA) and the globe, bringing together leaders in finance and technology to explore a shared vision for the future of banking.

Synapse 2024 celebrated 30 years of Nucleus Software’s leadership in driving transformative change across Singapore and Southeast Asia’s financial ecosystem. The event also shone a spotlight on the Global Finance & Technology Network (GFTN), an initiative supported by the Monetary Authority of Singapore (MAS) to champion responsible technology adoption. The event highlighted the deepening synergies between India and Singapore, driven by their shared commitment to innovation, cross-border collaboration, and financial inclusion. As the financial services sector undergoes rapid evolution with advancements in artificial intelligence, blockchain, and digital banking, these partnerships are setting the stage for a more connected, resilient, and inclusive global ecosystem.

Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, reflected on the milestone: “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”

The event brought together a distinguished array of participants, highlighting the transformative potential of India–Singapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of Honor, set the tone for the event with his opening remarks, emphasizing the transformative role of big tech in reimagining scalable, customer-centric financial services in the digital age.

Following his address, key speakers enriched the discussions with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore and Group CEO-Designate of The Global Finance & Technology Network (GFTN), underlined the importance of fostering responsible technology adoption and building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former Comptroller and Auditor General of India, shared his perspectives on governance and policy frameworks in financial systems. Mr. S.M. Acharya, Chairman of Nucleus Software and former Defence Secretary of India, offered a visionary outlook on leveraging technology to modernize and secure banking frameworks. Finally, Mr. Pieter Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech innovator, discussed the future of decentralized finance and its implications for the financial sector.

The event showcased the transformative role of technology in global financial systems, emphasizing innovations that set benchmarks for scalability and inclusivity. Panelists discussed the importance of localized solutions, the challenges of cross-border integration, and leveraging dual business models to optimize capital and foster public participation. The dialogue highlighted the need for common standards, unified frameworks like APIs, and collaborative efforts to accelerate financial inclusion and drive global connectivity in the digital age.

For 30 years, Nucleus Software has consistently introduced advanced lending and banking solutions that support financial institutions’ evolving needs in Singapore and South East Asia. Driven by lean development methodologies like Acceptance Test-Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push boundaries in efficient, flexible, and secure financial technology.

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