In Q1 2015, Private Equity Managers S.A. Group (PEManagers Group, Group) generated a net profit of PLN 20.7 million vs. PLN 3.1 million the year before. After the first quarter, it has already achieved 40 percent of its annual net profit projection.
“The organic growth in the value of our investment portfolio and sound investment performance of individual funds drove very good financial results. Within the first three months of 2015, we have already achieved 40 percent of our projected net profit”, said Tomasz Czechowicz – President of the Management Board at Private Equity Managers S.A.
“With more and more major investments abroad, the Group is consistently establishing itself as a European private equity manager”, said Cezary Smorszczewski – Vice President of the Management Board of MCI Management S.A., supervising the operations of PEManagers Group. “The promises we made to our investors at IPO are validated by the published results”, he added.
In the prospectus prepared for the purposes of the public offering, the Group presented its financial performance projections for 2015. The projection envisages sales at PLN 74.5 million, EBITDA at PLN 56.7 million and PLN 51.8 million in net profit. The plan additionally assumes that assets under management will grow to over PLN 2 billion.