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4iG has released quarterly flash report



4iG has released quarterly flash report

4iG Plc. achieved record results thanks to its outstanding growth in the first quarter of 2021.  The company’s IFRS consolidated revenue increased by 77 percent year-on-year to HUF 15.3 billion, while profits after tax amounted to HUF 566 million, up 81 percent year-on-year.

After last year’s record results, 4iG Plc. continued to accelerate in the first quarter. In addition to the outstanding growth in revenue and profits, the company continued to implement its acquisition strategy at a rapid pace, supported by its successful bond issue, according to the company’s quick report published today on the website of the Budapest Stock Exchange (BSE). In the first quarter of the year, the company’s revenue amounted to HUF 15.3 billion (consolidated, IFRS), up 77 percent on the same period last year. The Group’s profits after tax increased by 81 percent to HUF 566 billion in January-March, while earnings before interest, tax, depreciation, and amortisation (EBITDA) slightly exceeded HUF 1 billion, an increase of 74 percent compared to the Group’s performance in the first quarter of 2020. The growth in revenue and profits was driven by the company’s organic and acquisition-driven growth, while 4iG also responded effectively to the market challenges caused by the pandemic.

The company expects further significant growth this year, driven primarily by acquisitions already announced or planned. 4iG aims to build a dominant market position in a wide range of IT and ICT services in Hungary and the region, and to achieve significant growth in the domestic and Central and Eastern European telecommunications markets.

The company's quarterly fresh report can be downloaded from this link: LINK