4iG H1 revenue rose 59% y.o.y.

Figures

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The first-half revenue of listed IT company 4iG rose 59% year-on-year to HUF 32.1 billion, climbing on organic growth as well as acquisitions, according to an investor presentation released on the website of the Budapest Stock Exchange.

The increase in operating costs outpaced revenue growth, rising 62% to HUF 30.6 bln. EBITDA climbed 30% to HUF 1.8 bln.

After-tax profit fell 36% to just under HUF 500 million on higher depreciation and impairment. 4iG affirmed earlier guidance for revenue growth "above 25%" in 2021 and "above 10%" in the years following.

4iG reiterated that it targets an 8-10% EBITDA margin in the coming 2-3 years. 4iG's backlog of orders stood close to HUF 42.7 bln at the end of August. 4iG is now the runner-up integrator on Hungary's IT market but plans to take the top spot 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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