Press release

Quest for Growth Annual results 2019

23 January 2020

Quest for Growth ended 2019 with a profit of 16.7 million euros (€ 1.00 per share). The net asset value per share on 31 December 2019 was € 8.12, compared with € 7.12 on 31 December 2018. The return on equity was +14 %, compared with -18 % in 2018 (taking into account the dividend and the capital increase in 2018). As the losses carried forward from 2018 could not be fully offset, no dividend can be paid.

The share price at the end of 2019 was € 5.64, compared with € 6.02 at the end of 2018. The price therefore fell by 2 %, contrary to the trend of rising net asset value. At the end of the year, the share price represented a discount of more than 27 % relative to the net asset value, compared with 15 % on 31 December 2018.