According to FUNDER website data,
198 mutual funds hold one share in One Technologies in the amount of NIS 213.33 million
Funds that hold significant holdings in the stock – for the full list of holdings
The following is a change in the holdings of mutual funds in the share of One Technologies, according to data from FUNDER-MVF
Adi Eyal, CEO of the One Technologies Group:
“We are proud to end 2020 and the fourth quarter of the year with record results, despite the extraordinary challenges the Corona has posed to us and to the entire economy. Fortunately, we have been able to optimally adapt our activities to the changing needs of our customers and the business environment.” The financial.
In the past year, we have expanded our cloud operations, and strengthened the position of the One Group in the advanced software worlds, along with growth in our other activities as well.
We recently completed one of the most significant strategic moves in One’s history, when we acquired Taldor, which complements us in many areas, allowing us, among other things, entry into the BPO and communications fields, and which will make Van the second largest IT group in the Israeli market. We are currently working hard to implement Taldor within Van, and believe that its acquisition will support the continued implementation of the strategy to accelerate Van’s business growth and expand the basket of solutions we offer to our range of customers. “
One Technologies announced this morning its full financial results for 2020, which show that 2020 was a record year for the company, and at the same time the fourth quarter of 2020 was the best in the company’s history.
One, which last month released a preliminary report that outlines the main financial results, as part of the adoption of a ‘preliminary report’ publication policy of its annual business results, reports a double-digit increase in revenue, an improvement in operating profitability and a sharp increase in profits.
It should be noted that the 2020 results do not include the results of the Taldor company, whose acquisition was completed in February 2021.
Main results of 2020:
Revenues in 2020 grew by 17% to NIS 1.89 billion, compared with NIS 1.61 billion in 2019. Revenue growth was due to both organic growth and the first consolidation of companies in the field of implementation and implementation of cloud computing services for systems in the Microsoft environment. The following is a breakdown of revenues in relation to the operating segments:
• Revenues in the Solutions and Software Services segment Management consulting and value-added services in 2020 grew by 16% to NIS 1.07 billion, compared with NIS 926 million in 2019.
Revenues in the infrastructure and computing solutions segment in 2020 grew by 19% to NIS 815 million, compared to NIS 682 million in 2019. The high growth in revenues in the computing infrastructure solutions segment was due to an increase in demand among many organizations that adopted the hybrid work model following the spread of the corona virus. , And from changing the product mix.
Gross profit in 2020 increased by 13% to NIS 317 million, compared to NIS 280 million in 2019.
Operating profit in 2020 increased by 24% to NIS 145 million, compared with NIS 117 million in 2019. The increase in operating profit was due to the said increase in gross profit, growth in software in the field of higher profitability, and a mix of value-added transactions and higher profitability In the infrastructure sector. The following is the segmentation of operating profit in relation to the operating segments:
• Operating profit in the Solutions and Software Services segment Consulting management and value-added services in 2020 increased by about 13% to NIS 99 million (about 9.3% of revenues), compared to about NIS 88 million (about 9.5% of revenues) in 2019.
• Operating profit in the Infrastructure and Computing Solutions segment in 2020 increased by approximately 45% to approximately NIS 59 million (approximately 7.2% of revenues), compared with approximately NIS 40 million (approximately 5.9% of revenues) in 2019.
One’s operating profit ratio in 2020 increased to about 7.7% of revenues, compared to about 7.3% in 2019.
EBITDA in 2020 increased by about 23% to about NIS 206 million, compared to about NIS 167 million in 2019.
Net profit, net of other income, in 2020 increased by 28% to NIS 101 million (NIS 93.7 million attributed to shareholders), compared with NIS 79 million (NIS 74.4 million attributed to shareholders) in 2019.
The net cash flow from operating activities in 2020 climbed to NIS 251 million, compared with NIS 83 million in 2019, and was positively affected mainly by the said increase in profits and changes in working capital.
Highlights of the fourth quarter of 2020:
Revenues in the quarter grew by 41% to NIS 588 million, compared with NIS 416 million in the corresponding quarter in 2019. The growth in revenues was due, as stated, to organic growth and the first consolidation of acquired companies. The following is a breakdown of revenues in relation to the operating segments:
• Revenues in the Solutions and Software Services segment Management consulting and value-added services in the quarter grew by 30% to NIS 311 million, compared with NIS 239 million in the corresponding quarter in 2019.
• Revenues in the Infrastructure and Computing Solutions segment in the quarter grew by 56% to NIS 277 million, compared with NIS 177 million in the corresponding quarter in 2019.
Gross profit in the fourth quarter of 2020 increased by 28% to NIS 97 million, compared with NIS 76 million in the corresponding quarter in 2019.
Operating profit in the quarter increased by 42% to NIS 47 million, compared with NIS 33 million in the corresponding quarter in 2019. The following is the segmentation of operating profit in relation to the operating segments:
• Operating profit in the Solutions and Software Services segment Management consulting and value-added services in the quarter increased by approximately 21% to approximately NIS 29 million (approximately 9.2% of revenues), compared with approximately NIS 24 million (approximately 9.9% of revenues) in the corresponding quarter in 2019.
• Operating profit in the Infrastructure and Computing Solutions segment in the quarter doubled to NIS 23 million (approximately 8.2% of revenues), compared with NIS 12 million (approximately 6.5% of revenues) in the corresponding quarter in 2019.
The operating profit rate for the quarter was approximately 8.0%, similar to the corresponding quarter in 2019.
EBITDA in the quarter increased by 39% to NIS 64 million, compared with NIS 46 million in the corresponding quarter in 2019.
Net income for the quarter climbed 48% to NIS 34.5 million (NIS 32.1 million attributable to shareholders), compared with NIS 23.2 million (NIS 21.4 million attributable to shareholders) in the corresponding quarter in 2019. The sharp increase in net profit was due , As stated, from the sharp growth in the volume of activity.
The net cash flow from operating activities in the quarter increased threefold to NIS 86 million, compared with NIS 30 million in the corresponding quarter in 2019.
Data from the balance sheet as of 31.12.2020:
As of the end of 2020, the company has cash and cash equivalents in the amount of NIS 296 million and gross financial debt in the amount of NIS 184 million. Accordingly, the company has a net financial assets surplus of NIS 112 million.
As of the end of 2020, the company’s shareholders’ equity increased to NIS 509 million, compared with NIS 327 million at the end of 2019, and constitutes approximately 36.6% of the total balance sheet. The increase in shareholders’ equity was mainly due to the aforesaid increase in net profit as well as a private allotment of shares last November in the net amount of approximately NIS 124 million. All of this is partially offset by a dividend distribution of approximately NIS 41 million during 2020.
Additional business events:
Simultaneously with the publication of the reports, the company’s board of directors announced the distribution of a dividend to shareholders in the amount of NIS 21.2 million.
In February 2021, the transaction was completed for the purchase of the entire shares of Taldor, by way of a reverse triangular merger, in exchange for NIS 250 million in cash. Upon completion of the merger, the One Group employs approximately 6,500 employees and has become one of the two largest and leading entities in the field of information technology services in Israel, software solutions and infrastructure. Taldor ended the first nine months of 2020 with revenues of NIS 592 million, a figure that embodies an annual revenue rate of NIS 750 million.
In February 2021, the company entered into an agreement with a banking corporation to take out a loan in the total amount of NIS 125 million, bearing a fixed annual interest rate of approximately 2%, unsecured and the final repayment date will be at the end of February 2029. The loan is intended to finance Taldor shares , Along with the issuance of shares made by the company in November last year (2020).
In November 2020, the company completed a private allotment of its shares and raised approximately NIS 125 million, for an allotment of approximately 4.9% of the company’s capital to institutional investors, at a share price of approximately NIS 358.5 per share.
In September 2020, the One Technologies Group signed an agreement with the Ministry of Education to supply about 60,000 laptops in exchange for about NIS 90 million.