4iG H1 revenue increased 59% year-on-year
Sunday, Sep 26, 2021, 11:00
Listed IT company 4iG’s first half revenue increased 59% year-on-year to HUF 32.1 billion, building on organic growth as well as acquisitions, according to released investor presentation on the Budapest Stock Exchange website.
The increase in operating costs outpaced revenue growth, increasing 62% to HUF 30.6 billion. EBITDA climbed 30% to HUF 1.8 billion.
Profit after tax fell 36% to just under HUF 500 million due to increased depreciation and write-downs. 4iG has confirmed its forecast for revenue growth to “exceed 25%” in 2021 and “exceed 10%” in subsequent years.
4iG reiterated that it is aiming for an EBITDA margin of 8-10% in the next 2-3 years. 4iG’s backlog stood at nearly HUF 42.7 billion at the end of August. 4iG is now the second largest integrator in the Hungarian IT market, but plans to take first place in two years.
It also aims to further strengthen its presence in its three strategic target segments, IT, telecommunications and infrastructure, and space, in 2021.
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