Founded in 1995, the story of the majority Hungarian-owned company began at the same time as the explosion of the Hungarian information and communication technology market. Today, the 4iG Group is a leading player in IT systems integration services, telecommunications, space and defense. It employs more than 8,000 people and is present in Hungary, Albania, Egypt, Israel and Montenegro.
The shares of 4iG Plc were first listed on the Budapest Stock Exchange on Sep. 20, 2004, since when the company has become a significant player in the Hungarian capital market, the BSE said in a press statement. The company has experienced considerable growth and is now included in the Premium category of the bourse. The firm currently has a market capitalization of more than HUF 230 billion, the BSE said.
Highlights of its time on the bourse include being awarded the BSE Legeken 2019 prize for “Highest Share Price Rise of the Year in the Premium Category.” In 2022, itwas awarded the “Private Equity Issue of the Year” and the “Long-term Share Price Rise Company of the Year” prizes.
“Our company has undergone significant development over the past two decades. Not only in the field of IT services but also in telecommunications, we have become a leading group in Hungary and the Western Balkans,” said Péter Fekete, CEO of 4iG Group, as he rang the opening bell to mark the 20th anniversary of its shares being traded on Sep. 20.
“We have made huge strides in strategic areas and are now present in global industries such as satellite communications, space and defense. Our goal is to increase shareholder value continuously, and we expect our ongoing transformation program to deliver an increase in shareholder value of HUF 400 billion,” he continued.
“We are committed to continuous innovation, competitiveness and sustainability while placing a strong emphasis on social responsibility, customer centricity and maintaining digital growth. We aim to deploy technologies that improve people’s quality of life, help protect the environment and ensure sustainable growth in the long term. Behind these achievements is the unwavering support of our employees, partners and investors,” Fekete added.
Richárd Végh, the CEO of the Budapest Stock Exchange, also spoke at the ceremonial bell-ringing marking what he described as a significant milestone for the company and the domestic capital market.
“Over the past two decades, 4iG has been an excellent example of how a company can renew itself and grow steadily by focusing on innovation, adapting to an ever-changing and increasingly consolidated market environment, achieving success in international expansion and effectively broadening its scope of activities, thus indirectly contributing to the development of the Hungarian economy and the Budapest Stock Exchange,” Végh said.
“The company is actively present on the BSE not only as an issuer of shares but also as a bond market issuer, effectively exploiting the financing opportunities offered by the capital market for dynamic growth. We congratulate 4iG on this exceptional performance and wish its continued success on the Budapest Stock Exchange in the decades to come,” he added.
This article was first published in the Budapest Business Journal print issue of November 4, 2024.
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