Quest for Growth business update 30 September 2021

During the first nine months of the year, Quest for Growth realised a return on equity of 17.9%, taking into account the capital reduction of 0.40 euros per share paid out on 30 June 2021. This achievement was due to profits in listed as well as unlisted participations. Net profit in the first nine months of 2021 was 27.3 million euros (1.63 euros per ordinary share), compared to a profit of 5.3 million euros (0.32 euros per ordinary share) during the first nine months of 2020.

Quest for Growth’s share price increased by 17.9% during the first nine months of 2021. Including the above-mentioned payout, the performance of the share was approximately 24.1%. The discount of the price in relation to the net asset value decreased to 26.5%, from 28.9% on 31 December 2020.