Hungary’s 4iG says its “excellent performance” in 2021 was down to “organic development, acquisitions and entry into the international market”.
In a statement, it adds that the performance of its subsidiaries operating in the IT and telecommunications segments contributed significantly to the outstanding growth of the company’s consolidated business profitability. During 2021, it became the leading system integrator company in Hungary in IT, according to a report of the capital market company published on the website of the Budapest Stock Exchange in the fourth quarter of 2021.
4iG says that the “excellent performance” of its subsidiaries significantly supported the exceptionally fast growth of its consolidated profit: 4iG contributed approximately HUF21 billion to its consolidated sales revenue and EBITDA increased by HUF6.8 billion.
In Q4 2021, 4iG achieved net sales revenue of HUF40 billion, so the revenue in 2021 amounted to HUF93 billion, which was 62.3% higher than in 2020.
EBITDA increased by 125.1% from HUF5 billion in 2020 to HUF11.4 billion. 4iG’s EBITDA margin rose from 8.8% to 12.2% last year, driven primarily by the telecommunications expansion, as the profitability of the telecommunications sector is typically higher than that of the IT segment.
The stock market indicators of 4iG also developed favourably in 2021, with the average share price rosing by 54.2% to HUF853, while the market capitalisation was 47.4% higher than a year earlier at the end of 2021. It amounted to HUF 88.1 billion.
Meanwhile, earnings per share (EPS) increased by 74.9% to HUF66.
