Opus Global is a Hungarian industrial conglomerate and

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

company, headquartered in

Budapest Budapest is the Capital city, capital and List of cities and towns of Hungary, most populous city of Hungary. It is the List of cities in the European Union by population within city limits, tenth-largest city in the European Union by popul ...

Hungary Hungary is a landlocked country in Central Europe. Spanning much of the Pannonian Basin, 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 and ...

. 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 Budapest Stock Exchange (BSE) (, (BÉT)) is the Stock exchange, third largest stock exchange in Central and Eastern Europe by market capitalization and Market liquidity, liquidity. It is located at 55 Krisztina Boulevard, Budapest, Hungary, in ...

and is a constituent of the BUX Index. Since 2018, Opus Global has been a continuous member of the

MSCI MSCI Inc. (formerly Morgan Stanley Capital International) is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and ...

Emerging Markets Small Cap, and MSCI ACWI Small Cap indexes, and also member of the

Vienna Stock Exchange Vienna ( ; ; ) is the capital city, capital, List of largest cities in Austria, most populous city, and one of Federal states of Austria, nine federal states of Austria. It is Austria's primate city, with just over two million inhabitants. ...

'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

, 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 Lőrinc 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 1.241 trillion forints ($3.2 billion) as of D ...

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 Bank, initially Magyar Külkereskedelmi Bank (), was a Hungarian state-owned bank founded in 1950. It was privatized in the mid-1990s, then renationalized in the 2010s. It eventually merged in the early 2020s with Budapest Bank and Takar� ...

. 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 The economy of Hungary is a developing, high-income mixed economy that is the 53rd-largest economy in the world (out of 188 countries measured by IMF) with $265.037 billion annual output, and ranks 41st in the world in terms of GDP per capita ...

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 Asset management companies