Budapest, 2023. április 5. – Rekordárbevételt és -eredményt ért el a Budapesti Értéktőzsde Prémium kategóriájában jegyzett AKKO Invest, miután legnagyobb érdekeltsége, a NEO Property Services is csúcsokat döntött 2022-ben. Az AKKO a tavalyi évet 28,3 milliárd forintos árbevétellel és 2,6 milliárd forintos EBITDA-val zárta.
Budapest, September 8, 2022 – AKKO Invest, a Premium category Budapest Stock Exchange company, again closed a very strong half year after its largest subsidiary, NEO Property Services, also saw excellent results in the first six months of the year. AKKO closed the first half with revenue of HUF 11.3 billion and EBITDA of HUF 1 billion, and it expects this positive trend to continue in the remainder of the year.
AKKO Invest closed 2021 with record revenue and profits
Budapest, March 31, 2022 – The Premium category Budapest Stock Exchange company AKKO Invest closed 2021 with revenue of HUF 22.1 billion and an EBITDA of HUF 1.85 billion. The asset management company's revenue increased more than a hundredfold thanks to its acquisition of NEO Property Services Zrt., a major player in the Hungarian facility management and property services segment.
Asset management company AKKO Invest continued to experience growth in the second half of last year, after it acquired ownership of NEO Property Services, a major company of the Hungarian facility management and property services segment, on February 28, 2021. This means that NEO’s results were not included in AKKO’s financial statements for the full year, but only from March onwards: a total of 10 months were consolidated in the asset management company’s financial statements. Any dividend paid based on NEO’s results of last year would be fully attributed to AKKO, even though the related decision, the acceptance of NEO’s 2021 report has not yet been adopted. Primarily thanks to NEO’s investments, in 2021 the Premium category Budapest Stock Exchange company’s revenue increased more than a hundredfold from HUF 183 million to HUF 22.1 billion, its earnings before taxes grew almost twenty-fold to HUF 885 million, and its total comprehensive income soared to HUF 584 million in profit from HUF 43 million last year. AKKO Invest’s EBITDA also experienced explosive growth: from HUF 237 million, it soared to HUF 1.85 billion, eight times the previous figure, and the company’s earnings per share ended up at HUF 17.9.
NEO Property Services has experienced dynamic growth in recent years: Its revenue was HUF 23.3 billion in 2019, HUF 23.5 billion in 2020, and is expected to total HUF 25.4 billion in 2021, and its pre-tax profit or loss was HUF 1.4 billion and HUF 1.7 billion, respectively, in the past two years, and is expected to be HUF 1.9 billion in 2021. NEO is one of the leading facility management and property services companies in Hungary. Its operations include facility management, property management, the project management related to real estate investments, and general contracting in the construction industry. NEO has over 250 clients, on behalf of which it is responsible for the maintenance of more than 10 million m2 of outskirts areas and for the management of more than 3 million m2 of real estate areas.
Budapest, April 19, 2021. – NEO Property Services, the company acquired by AKKO Invest a few months ago, closed the year 2020 with an all-time high revenue of HUF 23.5 billion and a HUF 1.7 billion earnings before taxes. The major company of the Hungarian facility management and property services segment is paying a dividend of nearly HUF 1.5 billion based on last year’s results, which will be fully attributed to the AKKO Invest group.
NEO Property Services Zrt., a subsidiary of the Premium category Budapest Stock Exchange company AKKO Invest Nyrt., has reported a year yielding all-time high results. The annual general meeting of the corporation accepted the 2020 report, which shows that the major company of the Hungarian facility management and property services segment has reached the highest revenue of its history, HUF 23.5 billion, which was accompanied by a record-level result. NEO achieved a result of HUF 1.7 billion before taxes, and HUF 1.6 billion earnings after taxes. The company acquired by AKKO Invest this year February is paying a dividend of nearly HUF 1.5 billion based on last year’s result, which will be fully attributed to AKKO Invest, and its own company, Elitur Invest Zrt. Zoltán Prutkay, president of AKKO Invest said that NEO’s 2020 results were promising, and they contributed to realizing AKKO’s growth strategy, the aim of which is to make the company a major asset management company of the Hungarian capital market. He added that they supported the management and the growth strategy of NEO, the realization of which is reinforced by AKKO’s stable capital market and ownership background. The president also added that AKKO had further significant growth plans and it was exploring the possibility of further acquisitions, for the financing of which the dividend to be paid by NEO would provide a good foundation. Also, based on an earlier authorization, the company has the possibility of realizing a maximum tenfold increase of its share capital.
Budapest, April 15, 2021 – Following the losses of 2019, burdened with a transformation process, the Premium category Budapest Stock Exchange company AKKO Invest has closed a profitable year in 2020. The consolidated profit of the company surpassed HUF 50 million, as opposed to the significant loss of last year. The asset management company’s investment portfolio includes several types of real estate and project companies, and last year it announced the HUF 18.5 billion worth acquisition of NEO Property Services Zrt., a rather significant transaction for the Hungarian facility management and property services segment. The closing of the NEO acquisition took place in 2021, but any dividend paid on the basis of NEO’s results from last year will increase AKKO’s results of this year.
2020 was the year of development for AKKO Invest Nyrt.: following a year of loss in 2019 (HUF -693 million), partially due to one-time items related to the transformation, the year 2020 was already closed with a profit of HUF 50 million by the Premium category company of the Budapest Stock Exchange. Zoltán Prutkay, president of AKKO Invest pointed out that the company had indicated its significant growth plans already at its 2019 transformation, and they have been continuously exploring the acquisition opportunities. It was in this context that they concluded an agreement with the WING group about the acquisition of NEO Property Services Zrt. (earlier called STRABAG Property and Facility). The transaction, which is significant also for the facility management and property services segment in Hungary, was eventually closed in February this year, with NEO becoming a 100% subsidiary of AKKO Invest for HUF 18.5 billion. All this means that NEO’s administration of finances and its results will appear in the 2021 figures of AKKO. Zoltán Prutkay added that in accordance with the acquisition agreement, any dividend paid based on NEO’s last year’s results would be fully attributed to AKKO, even though the related decision, the acceptance of NEO’s 2020 report has not yet been adopted. Zoltán Prutkay explained that NEO had achieved a HUF 23.3 billion revenue and a nearly HUF 1.5 billion EBITDA (earnings before interest, tax, depreciation and amortization) in 2019, and based on preliminary data, the company continued to grow in 2020 as well. The company is on a dynamic growth path, nearly having doubled its revenue since 2015. The president of AKKO Invest also pointed out that the acquisition of NEO was well in line with their growth strategy and that since the closing of the transaction they had been exploring further acquisition opportunities with the goal of becoming a major asset manager of the Hungarian capital market. In order to finance its growth, AKKO Invest had decided earlier about the possibility of a maximum tenfold increase of its share capital.
Budapest, February 26, 2021 – AKKO Invest has successfully completed the acquisition of NEO Property Services Zrt. The HUF 18.5 billion worth acquisition, which is rather significant in the Hungarian facility management and property services segment, was financed by AKKO’s own financial resources and bank loans, and the seller was the WING Group. NEO is on a dynamic growth path: its revenue has been almost doubled since 2015, and it is planning on acquisitions and introducing new services in the future, besides the continued organic growth. AKKO Invest, listed in the Premium category of the Budapest Stock Exchange, is examining the possibility of further acquisitions following the closing of this transaction, with the aim of becoming a major asset manager in the Hungarian capital market. In order to finance its growth, the asset manager had decided earlier about a maximum tenfold increase of its share capital.
AKKO Invest Nyrt. has purchased one of the leading facility management and property services companies in Hungary, NEO Property Services Zrt. (previously STRABAG Property and Facility), listed in the Premium category of the Budapest Stock Exchange, for HUF 18.5 billion from the WING Group. NEO achieved a HUF 23.3 billion revenue and a HUF 1.5 billion EBITDA (earnings before interest, tax, depreciation and amortization) in 2019, and based on preliminary data, the company continued to grow in 2020 as well. NEO is on a dynamic growth path: its revenue has been almost doubled since 2015, and it is planning on acquisitions and introducing new services in the future, besides the continued organic growth. The transaction was financed by AKKO‘s own resources and the 15-year loan of HUF 12 billion provided by OTP Bank Nyrt.
Budapest, February 1, 2021 – At its Monday meeting, the AKKO Invest Board of Directors decided about the acquisition of NEO Property Services Zrt., one of the leading property management and property services companies of Hungary owned by the WING Group, for HUF 18.5 billion. In addition, the corporation, which entered the Premium category of the Budapest Stock Exchange in November last year, decided on the possibility of a maximum tenfold increase of the company’s share capital, and the election of a new board member.
AKKO Invest Nyrt. may purchase one of the leading property management and property services companies in Hungary, NEO Property Services Zrt. (previously STRABAG Property and Facility), listed in the Premium category of the Budapest Stock Exchange, for HUF 18.5 billion. Among other things, this was decided on by the AKKO Board of Directors under their own authority, due to the recently announced COVID-19-related restrictions (Section 9(3) of Government Decree no. 502/2020. (XI. 16.) reintroducing different provisions regarding the operation of personal and property pooling organizations in the event of an emergency), in accordance with the preliminary proposals of the extraordinary general meeting initially convened for Monday. NEO achieved a HUF 23.3 billion revenue and a HUF 1.5 billion EBITDA in 2019, and based on preliminary data, the company continued to grow in 2020 as well. NEO, which is presently owned by the WING Group, is on a dynamic growth path: its revenue has been almost doubled since 2015, and it is planning on acquisitions and introducing new services in the future, besides the continued organic growth. With this step, AKKO is realizing the largest acquisition of its history, and it could significantly increase the assets under management. The company continues to strive for maximizing shareholder value. The transaction is covered by AKKO’s own financial resources and bank loans; the closing of the deal is dependent on the availability of the bank funding, regarding which advanced negotiations are in progress.
Budapest, November 2, 2020 – AKKO Invest takes another significant step ahead at the Budapest Stock Exchange, with its shares being traded in the Premium category starting Monday. The asset management company of more than 1,000 shareholders has achieved significant results recently: in September, its shares were included in the BUX index, and they announced the purchase of one of the main property management companies in Hungary, NEO Property Services Zrt. AKKO intends to realize its growth plans within the Hungarian stock exchange, and continues to explore the relevant opportunities.
Starting Monday, the shares of AKKO Invest Nyrt. will be traded in the Premium category of the Budapest Stock Exchange, so the company continues on the path started at its 2019 transformation. Zoltán Prutkay, President of AKKO Invest explained that the company had made considerable progress in the Hungarian capital market over the past months: their shares had been included in the top categories of the Budapest Stock Exchange, being listed in the BUX index since September, and traded in the Premium category starting November 2. He emphasized that the company had more than 1,000 shareholders, so the growth of the company was directly monitored by many people. Transparent operation is especially important for them, so they are happy to meet the additional requirements resulting from the Premium membership. He added that they continued looking for growth opportunities, and they were planning on investment decisions that aim to increase the shareholder value. One step towards this goal is the September decision of the Board of Directors regarding the largest acquisition of AKKO’s history, which is also considerable from the aspect of the Hungarian property management sector. The asset management company decided about the purchase of NEO Property Services Zrt. (previously STRABAG Property and Facility), a company owned by WING Zrt., and achieving a revenue of HUF 23.3 billion and an EBITDA of HUF 1.5 billion last year. Since its foundation in 1999, NEO has been one of the leading property management companies in Hungary, with favorable growth prospects. The closure of the transaction, which the company plans to finance from its own financial sources and bank loans, requires the availability of the necessary funding and the approval of the company’s shareholders.
Regarding the introduction of AKKO’s shares in the Premium category, István Máté-Tóth, Deputy CEO of BSE, said that the growth and the increasingly considerable presence of the company in the capital market reflects the successful realization of the strategic objectives of the Budapest Stock Exchange, aiming to drive capital funding: the category shift of AKKO Invest is another welcome capital market milestone in the midst of this challenging year.
Zoltán Prutkay added that being included in the BUX index and the Premium category, as well as the acquisition of NEO are significant steps for the company towards the realization of its growth plans, which aim to make the company a major asset management company of the Hungarian capital market. AKKO Invest supports the strategy of the Budapest Stock Exchange announced in 2016, and trusts that new measures will be introduced in the future for the further development of the capital market and for increasing the market liquidity of the stock market.
Budapest, 2020. szeptember 7. – Magyarország egyik vezető ingatlanüzemeltető és szolgáltató cégének, a NEO Property Services Zrt-nek a felvásárlásáról döntött a Budapesti Értéktőzsdén jegyzett AKKO Invest Nyrt. Igazgatótanácsa hétfőn. A jelenleg a WING Csoport tulajdonában álló vállalat 2019-ben 23,3 milliárd forintos átbevételt és 1,5 milliárd forintos EBITDA-t ért el. A NEO dinamikus növekedési pályán mozog, árbevételét az elmúlt öt évben közel megduplázta és a jövőben az organikus növekedés mellett, akvizíciókat és új szolgáltatások bevezetését tervezi. A tranzakció zárásához a finanszírozás rendelkezésre állása és az AKKO Invest részvényeseinek jóváhagyása szükséges. Az AKKO ezzel a lépéssel jelentősen növelheti a kezelt vagyona nagyságát, melynek célja a továbbiakban is a részvényesi érték maximalizálása.
Történetének legnagyobb, a magyar ingatlanüzemeltetői és szolgáltatói piac szempontjából is meghatározó akvizícióról döntött a Budapesti Értéktőzsde Standard kategóriájában jegyzett AKKO Invest Nyrt. Igazgatótanácsa. A vagyonkezelő vállalat a WING Zrt. tulajdonában álló NEO Property Services Zrt. (NEO) felvásárlásáról határozott, melyet az AKKO saját és banki forrásból finanszíroz. A tranzakció zárásához a finanszírozás rendelkezésre állása és a vállalat részvényeseinek jóváhagyása szükséges. Prutkay Zoltán, az AKKO Invest elnöke az akvizícióval kapcsolatban elmondta, hogy ezzel a lépéssel a vállalat jelentős lépést tesz növekedési terveinek a megvalósításában, melynek célja, hogy a magyar tőkepiac meghatározó vagyonkezelő cégévé váljon. Hozzátette: amellett, hogy a NEO Property Services Zrt. a szektor egyik vezető vállalata, kedvező növekedési kilátásokkal rendelkezik. A NEO az elmúlt öt évben 78 százalékkal növelte árbevételét, mely 2019-ben elérte 23,3 milliárd forintot, az eredményességét legjobban bemutató EBITDA (pénzügyi tételektől tisztított, adózás és értékcsökkenési leírás előtti eredmény) pedig tavaly 1,5 milliárd forint volt. Prutkay Zoltán kiemelte, hogy a NEO felvásárlásával az AKKO jelentősen növelheti kezelt vagyona nagyságát, melynek célja a továbbiakban is a részvényesi érték maximalizálása. Az AKKO Invest menedzsmentje támogatja a NEO menedzsmentjét és növekedési stratégiáját, melynek megvalósításához az AKKO stabil tőkepiaci, valamint tulajdonosi háttere jó támogatást nyújt.
A NEO Property Services 1999-es alapítása óta Magyarország egyik vezető ingatlanüzemeltetője és szolgáltatója. Tevékenységei közé tartozik a létesítménygazdálkodás (Facility Management), az ingatlankezelés (Property Management) és az ingatlanberuházásokhoz kapcsolódó projektmenedzsment. Országos lefedettségének, üzemeltetési szervezetének, illetve a komplex, szinergiákra építő, ügyfélre szabott szolgáltatásainak köszönhetően a NEO legfontosabb partnereivel hosszú évekre nyúló, stabil partneri viszonyban dolgozik. A vállalatnak több mint 170 ügyfele van, közöttük például a Corvinus Egyetem, az ELMŰÉMÁSZ, a Magyar Telekom, a MÁV, a STRABAG és a WING. Partnerei számára több mint 10 millió m2 külterületet gondoz és több mint 3 millió m2 ingatlanterületet üzemeltet, több mint 650 fő munkavállalóval. A vállalat folyamatos növekedési pályán mozog: 2019-ben 19 százalékkal növelte árbevételét és EBITDA-ját egyaránt. A jelenlegi adatok alapján a NEO 2020-ban is folytatja a növekedést, melyet a későbbiekben ügyfél- és cégakvizíciók, valamint szolgáltatásfejlesztés is támogathat. A társaság célja, hogy 2025-re 29 milliárd forintos árbevételt és 2,1 milliárd forintos EBITDA-t érjen el.
Budapest, September 7, 2020 – On Monday, the Board of Directors of Budapest Stock Exchange-listed AKKO Invest Nyrt. decided to purchase one of the main property management companies in Hungary, NEO Property Services Zrt. The company presently owned by the WING group achieved a HUF 23.3 billion revenue and a HUF 1.5 billion EBITDA in 2019. NEO is on a dynamic growth path: its revenue has been almost doubled over the past 5 years, and it is planning on acquisitions and introducing new services in the future, besides the continued organic growth. The closing of the transaction requires the availability of the necessary financing, as well as the approval of AKKO Invest’s shareholders. With this step, AKKO may considerably increase the volume of its assets under management, continuing to aim for maximizing shareholder value.
The Board of Directors of AKKO Invest Nyrt., a company listed in the Standard category of the Budapest Stock Exchange, have decided about a major acquisition both in terms of the company’s history and the Hungarian property management sector. The asset manager company has decided to acquire NEO Property Services Zrt. (NEO), presently owned by WING Zrt., using AKKO’s own financial sources and bank loans. The closing of the transaction requires the availability of the necessary financing, as well as the approval of the company’s shareholders. Regarding the acquisition, Zoltán Prutkay, President of AKKO Invest explained that this would be a significant step for the company towards the realization of the company’s growth plans, which aim to make the company a major asset manager company of the Hungarian capital market. He added: NEO Property Services Zrt. is not only one of the leading companies of the sector, but can also boast of positive growth prospects. Over the past 5 years, NEO has increased its revenue by 78%, achieving HUF 23.3 billion in 2019, while
its EBITDA (earnings before interest, tax, depreciation and amortization), the figure most informative of its profitability, was HUF 1.5 billion last year. Zoltán Prutkay emphasized that the acquisition of NEO could significantly increase the volume of AKKO’s assets under management, continuing to aim for the maximizing of shareholder value. The management of AKKO Invest supports the management and growth strategy of NEO, reinforced by AKKO’s stable capital market and ownership background.
Since its foundation in 1999, NEO Property Services has been one of the leading property management companies in Hungary. Its operations include facility management and property management, as well as the project management related to real estate investments. Thanks to its national coverage, operational organization, as well as its complex services built on synergies and tailored to client needs, NEO has established stable partnerships with its key partners for long years of cooperation. The company has over 170 clients, including the Corvinus University of Budapest, ELMŰ-ÉMÁSZ, Magyar Telekom, MÁV, STRABAG and WING. On behalf of its partners, it is responsible for the maintenance of more than 10 million m2 of outskirts areas, and for the management of more than 3 million m2 of real estate areas, providing jobs for more than 650 employees. The company is on a steady growth path: in 2019, it increased both its revenue and EBITDA by 19 percent. Based on recent data, NEO continues its growth in 2020 as well, which could be further amplified by client and company acquisitions, as well as the development of its services. The company’s objective is to reach a revenue of HUF 29 billion
and an EBITDA of HUF 2.1 billion by the year 2025.