By Dominic Chopping


STOCKHOLM--EQT confirmed its medium- to long-term revenue and margin targets while outlining its strategic objectives.

The Swedish private-equity firm still expects total revenue growth to exceed the long-term growth rate of the private markets industry with an adjusted earnings before interest, tax, depreciation and amortization margin of between 55% and 65%, it said Wednesday in conjunction with an investor event.

"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," said Chief Executive Christian Sinding.

EQT listed in Stockholm in 2019 and at the time said it to aimed to generate a steadily increasing annual dividend in absolute euro denominated terms. It has now refined its expectation, aiming to generate a steadily increasing annual dividend per share, and may complement its ordinary dividend with further cash distributions, share buybacks, or a combination of both.

The company added that it expects continued value creation and an eventual pick-up in exit activity to result in the realization of substantial carried interest--the share of profits earned by general partners of the firm.

From a strategic perspective, EQT said it aims to become the global leader in private equity, become top three in infrastructure, maintain its top position in value-add infrastructure and join the top three in private real estate, by capital raised.


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

03-06-24 0719ET