According to FUNDER website data,
198 mutual funds hold one share in One Technologies in the amount of NIS 230.01 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 FUNDER-MVF data.
One Technologies has released a preliminary report that includes the main financial results for the fourth quarter and 2020, as part of the adoption of a ‘preliminary report’ publication policy of its annual business results announced last week, when the company’s full financial statements will be published on Tuesday, March 16, 2121.
The financial results for 2020 indicate a double-digit increase in revenues, an improvement in operating profitability and a sharp increase in profits – results that do not yet include the results of the Taldor company, whose acquisition was completed in February 2021.
Adi Eyal, CEO of the One Technologies Group, told FUNDER : “We are proud to sum up the year 2020 with an all-time record result, as reflected in double-digit growth in revenues that brings us closer to NIS 2 billion in revenue per year and net profit that crossed the NIS 100 million threshold. At the same time, we showed an increase in operating profit. The rest, thanks to our ability to improve profitability in acquired companies.
At the beginning of February 2021, we reported the completion of the transaction for the purchase of the entire shares of Taldor, which reflects an aggregate annual revenue turnover of over NIS 2.5 billion. This acquisition will allow Van to penetrate new areas of activity, such as the BPO and communications sectors, alongside strengthening existing and tangent activities between the companies. We believe that this transaction has significant potential for improving business results in the coming years, which will be reflected in the increase in the growth rate of the One Group, along with the continued increase in profits. “
Main results of the year 2020 – preliminary report
Revenues in 2020 grew by 17% to NIS 1.89 billion, compared with NIS 1.61 billion in 2019.
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 to NIS 117 million in 2019.
The operating profit rate in 2020 increased to about 7.7% of revenues, compared to about 7.3% in 2019.
EBITDA in 2020 increased by about 29% to about NIS 205 million, compared to about NIS 159 million in 2019.
The net profit, net of other income, in 2020 increased by 28% to NIS 101 million, compared with NIS 79 million 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.
These results still do not include the results of Taldor, whose acquisition was completed in February 2021.
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 last year.
Gross profit for the quarter increased by 28% to NIS 97 million, compared with NIS 76 million in the corresponding quarter last year.
Operating profit in the quarter increased by 42% to NIS 47 million, compared with NIS 33 million in the corresponding quarter last year.
The operating profit rate for the quarter was about 8.0%, similar to the corresponding quarter last year.
EBITDA in the quarter increased by 37% to NIS 63 million, compared with NIS 46 million in the corresponding quarter last year.
Net profit for the quarter climbed by 48% to NIS 34.5 million, compared with NIS 23.2 million in the corresponding quarter last year.
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 last year.
Data from the balance sheet for the end of 2020 and main events:
The total cash and cash value of the company amounted to approximately NIS 293 million.
The company’s shareholders’ equity amounted to NIS 509 million and constitutes approximately 36.6% of the total balance sheet.
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.
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. , 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.