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EQT AB hosts Capital Markets Day

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10 months ago

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  • 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:

 

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Fintech PR

Strictly Money Launches Crowdcube Campaign, Inviting European Investors to Fuel its Growth Journey

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2 days ago

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December 27, 2024

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LONDON, Dec. 27, 2024 /PRNewswire/ — Strictly Money Ltd, the London-based fintech, has launched a crowdfunding campaign on Crowdcube to invite European investors to fuel its next phase of growth. Crowdcube, Europe’s largest private market investment platform, has powered success stories like Revolut, Qonto, and Monzo. Regulated by the UK’s Financial Conduct Authority (FCA), Crowdcube provides a trusted and innovative platform for investors to participate in transformative ventures.

Strictly Money’s primary objective with this campaign is to accelerate its growth, fuel product development, and expand its shareholder base. The funding will enable Strictly Money to launch its payment card and banking app in early 2025 and to strengthen its market presence in Scandinavia, the UK, and Ireland. The company plans to introduce hedge fund returns products, broadening investment options for consumers by the end of 2025.

Discover how you can be part of Strictly Money’s growth journey by visiting our Crowdcube campaign at https://crowdcube.getstrictlymoney.com.

Will Povey, CEO and Co-Founder of Strictly Money, said: “At Strictly Money, our vision is to empower everyday investors with access to wealth-building tools and opportunities that were previously reserved for high-net-worth individuals. With this crowdfunding campaign, we aim to bring together a diverse community of investors who share our passion for financial innovation and inclusivity. This funding will not only help us launch our innovative debit card and app but also drive the development of new products that deliver real value to our users.”

About Strictly Money:

Strictly Money is a UK-based financial technology company set to launch a debit card and a cutting-edge banking app in early 2025. The company aims to democratize access to high-performing hedge fund returns, providing innovative investment strategies and financial solutions tailored to investors, savers, and entrepreneurs. Strictly Money’s mission is to open up premium investment opportunities traditionally limited to high-net-worth individuals (HNWIs). For more information, visit https://strictly-money.com.

For media inquiries contact:
Mary Prendergast
Email: [email protected] 

Important Notice: 

Investing in startups and early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution. It should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. Please read the full Risk Warning on Crowdcube’s website before deciding to invest.

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Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities

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2 days ago

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December 27, 2024

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DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.

With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.

Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.

Why Tonstakers Matters: The First of Its Kind
Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:

  • Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.
  • Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.
  • Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.

“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”

Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

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For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Yaber Achieves 100% YOY Sales Growth during Black Friday and Gears Up for CES 2025

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December 27, 2024

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LAS VEGAS, Dec. 27, 2024 /PRNewswire/ — Yaber reported a remarkable 100% year-over-year sales surge during Black Friday. The T2 outdoor projector, featuring a built-in battery and handle-to-stand design, ranked among Amazon’s Top 3 “Most Wished For” list. Meanwhile, the L2s projectors, available in exclusive Pantone colors, sold out shortly after launch.

Yaber T2 projector is currently available at Christmas sale on Amazon and the official Yaber website. Meanwhile, pre-orders for the L2s projectors in exclusive Pantone colors will reopen in mid-January 2025.

This year, Yaber further expanded its global retail presence, debuting at the iconic Selfridges in the UK and securing placements in MediaMarkt across EMEA, Canada’s London Drugs, Saudi Arabia’s EXTRA, Belgium’s FNAC, Greece’s PUBLIC, Czech Republic’s Datart, Japan’s Bic Camera and Yodobaxi, and Malaysia’s premier IOI City Mall and Plaza Low Yat.

Looking ahead, Yaber is set to unveil its first ultra-short-throw laser projector and a new Keith Haring-inspired entry-level model at CES 2025. The launch event will take place at 4:00 PM PST, January 6, 2025 at Caesars Palace, Las Vegas. Visit Yaber’s booth in South Hall 1-30808 at Las Vegas Convention and World Trade Center (LVCC) from January 7-10 to discover more.

About Yaber

Founded in 2018, Yaber redefined home entertainment by introducing the world’s first entertainment projector, pioneering a new category in the industry. Today, its innovative projectors have delivered immersive experiences to users in over 120 countries, making Yaber a trusted name in global home entertainment.

The letter “Y” in Yaber embodies the youthful vigor and innovative spirit of Generation Y. It’s not just a symbol, but a unique representation of youth identity and attitude towards life, infusing the brand with rich cultural connotations of youthfulness within simplicity.

Committed to excellence, Yaber has been pushing the boundaries of audiovisual innovation, crafting projectors that inspire richer, more vibrant lifestyles. Its achievements are recognised with prestigious accolades, including the Red Dot, IDEA, VGP, and CES Innovation Awards.

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