Opus Global is a Hungarian industrial

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Co ...

and

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

company, headquartered in

Budapest Budapest (, ; ) is the capital and most populous city of Hungary. It is the ninth-largest city in the European Union by population within city limits and the second-largest city on the Danube river; the city has an estimated population ...

Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia a ...

. Opus Global's subsidiaries play a significant role in Hungary's strategically important industries. Opus Global has a primary listing on the Budapest Stock Exchange and is a constituent of the BUX Index. Since 2018, Opus Global has been a continuous member of the MSCI Emerging Markets Small Cap, and MSCI ACWI Small Cap indexes, and also member of the Vienna Stock Exchange's CECE index.

History

Foundation

Since its foundation in 1912, Opus Global has gone through many turning points until it took its current form. Among these, it should be mentioned that when the Opus Global became a member of the issuer circle of the Budapest Stock Exchange, its shares were listed on the BSE from 1998. From 1999 to 2009, a major reorganization program was carried out, as a result of which a holding primarily dealing with the management and asset management of companies of various profiles was created.

The last 10 years

2017 was a milestone in the life of Opus Global, when major transformations took place in both the ownership and management structure. In the first half of 2017,

Lőrinc Mészáros Lőrincz Mészáros (born 24 February 1966) is a Hungarian businessman, and former politician, who served as Mayor of the hungarian village Felcsút between 2011 and 2018 . With an estimated wealth of 407.7 billion forint ($1.3 billion) ...

became the majority owner of the company. As a result of the transformation, Opus Global's numbers fundamentally strengthened and entered the Budapest Stock Exchange's premium category, and have been a member of BSE's prominent index baskets. Opus Global borrowed 130 million euros to buy the gas and electricity distribution firm Titász from

MKB Bank MKB may refer to: Business * MKB Bank, the third-biggest commercial bank in Hungary * MKB Raduga, a Russian aerospace company * MKB Fakel, a Russian government-owned aerospace defense corporation Community * Moogooru Karnataka Brahmin, a sect of ...

. In order to create market embeddedness and investor confidence, Opus Global merged with Konzum Nyrt. in 2019, a merger of two public issuers was unprecedented in the history of the Hungarian stock market. As a result of the capital increases, Opus Global became the Budapest Stock Exchange's 5th largest company, with several industrial and manufacturing companies from the main sectors of the Hungarian economy in its portfolio. In 2023's first quarter Opus Global reported considerable improvement on bottom line on a consolidated level for the first quarter. Although it is not a surprise that the company faced a major increase in (especially material related) costs, operating income could eventually outperform this large increase, which could therefore translate into a meaningful improvement on EBIT. Important to mention is that the company has reported that no significant acquisitions took place that would blur data comparability.

Shareholder structure

As of June 2023, Opus Global's shareholder structure is: * 48.94% - Free Float * 22.86% -

* 21.68% - KONZUM PE Private Equity Fund * 6.52% - Own Shares

Awards

* Budapest Stock Exchange's Capital increase of the Year (2018, 2019) * Construction Industry Excellence Award (2019) * Hungarian Product Grand Prix (2001, 2004, 2006, 2009, 2010, 2013) * Agricultural Investment of the Year (2019) * Hungarian Agricultural Quality Award (2020)

References

External links

{{BUX companies Companies based in Budapest Companies listed on the Budapest Stock Exchange Hungarian brands Economy of Hungary 1912 establishments in Hungary Multinational companies headquartered in Hungary