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.