Company type | Public |
---|---|
BPSE: OPUS BUX Component | |
Industry | Asset management Energy industry Food industry Manufacturing Construction |
Founded | 1912 |
Headquarters | , |
Area served | Central and Eastern Europe |
Key people | József Vida (Chairman) Dr. Koppány Lélfai (CEO) |
Revenue | US$1.933 billion (2023) [1] |
US$ 0.126 billion (2023) | |
Total assets | US$ 3.022 billion (2023) |
Number of employees | 4,457 (2023) |
Subsidiaries | KALL Ingredients, Wamsler SE, RM International, R-KORD, VIRESOL, HUNGUEST Hotels, Tigáz, Titász, Mészáros Construction, MS Energy |
Website | opusglobal.hu/en |
Opus Global is a Hungarian industrial conglomerate and asset management company, headquartered in Budapest, Hungary. 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. [2]
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.
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 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. [3] [4]
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. [5]
As of June 2023, Opus Global's shareholder structure is: [6]
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic trading platform.
The Tel Aviv Stock Exchange, colloquially known as The Bursa, is the only public stock exchange in Israel and a public company itself, listed on its own exchange since August 1, 2019. It is regulated by the Securities Law (1968) and is under the direct supervision of the Israel Securities Authority (ISA).
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars. The list of assets that each ETF owns, as well as their weightings, is posted on the website of the issuer daily, or quarterly in the case of active non-transparent ETFs. Many ETFs provide some level of diversification compared to owning an individual stock.
OTP Bank Group is the largest commercial bank of Hungary and one of the largest independent financial service providers in Central and Eastern Europe, with banking services for private individuals and corporate clients. The OTP Group comprises subsidiaries in the field of insurance, real estate, factoring, leasing and asset management, investment and pension funds. Besides Hungary, OTP Group operates in 11 countries of the region via its subsidiaries: in Albania, in Bulgaria, in Croatia, in Romania, in Serbia, in Slovenia, in Ukraine, in Moldova, in Montenegro, in Russia, and in Uzbekistan.
BUX is a blue chip stock market index consisting up to 25 major Hungarian companies trading on the Budapest Stock Exchange. Prices are taken from the electronic Xetra trading system. According to the operator Budapest Stock Exchange, the BUX measures the performance of the Equities Prime Market's 12 to 25 largest Hungarian companies in terms of order book volume and market capitalization. It is the equivalent of the Dow Jones Industrial Average and DAX, the index shows the average price changing of the shares with the biggest market value and turnover in the equity section. Hereby this is the most important index number of the exchange trends.
The Bucharest Stock Exchange is the stock exchange of Romania located in Bucharest. In 2023, the BVB's market capitalization increased by 52.7% to $64.9 billion. As of 2023, there were 85 companies listed on the BVB.
The KSE-100 Index is a stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period.
Budapest Stock Exchange(BSE) (Hungarian: Budapesti Értéktőzsde (BÉT)) is the 2nd largest stock exchange in Central and Eastern Europe by market capitalization and liquidity. It is located at 55 Krisztina Boulevard, Budapest, Hungary, in the Buda Centre of the Hungarian National Bank Previously, from 1864, during the Austro-Hungarian Empire it was located in the Budapest Stock Exchange Palace building, until a large trading floor was necessary. The exchange is controlled by listed issuers, by Hungarian private investors and by the central bank. The BSE is member of the World Federation of Exchanges and the Federation of European Securities Exchanges.
MSCI Inc. 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 climate products. It operates the MSCI World, MSCI All Country World Index (ACWI) and MSCI Emerging Markets Indices among others.
MOL Plc., also known as MOL Group, is a Hungarian multinational oil and gas company headquartered in Budapest, Hungary. Members of MOL Group include among others the Croatian and Slovak formerly state-owned oil and gas companies, INA and Slovnaft. MOL is Hungary's most profitable enterprise, with net profits of $770 million in 2019. The company is also the third most valuable company in Central and Eastern Europe and placed 402 on the Fortune Global 500 list of the world's largest companies in 2013.
The Tehran Stock Exchange (TSE) is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. As of May 2023, 666 companies with a combined market capitalization of US$1.45 trillion were listed on TSE. TSE, which is a founding member of the Federation of Euro-Asian Stock Exchanges, has been one of the world's best performing stock exchanges in the years 2002 through 2013. TSE is an emerging or "frontier" market.
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 Takarékbank to form Magyar Bank Holding, branded MBH Bank, thus creating the second-largest commercial bank in Hungary behind OTP Bank. The complex three-way merger was announced in 2020 and completed in 2023.
In finance, a stock index, or stock market index, is an index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calculate market performance.
Enel Americas is a conglomerate of electric energy companies operating in South America and Central America countries: Argentina, Brazil, Colombia, Peru, Costa Rica, Panama and Guatemala. Through its affiliates it generates, transmits and distributes electric power.
The Moscow Exchange is the largest exchange in Russia, operating trading markets in equities, bonds, derivatives, the foreign exchange market, money markets, and precious metals. The Moscow Exchange also operates Russia's central securities depository, the National Settlement Depository (NSD), and the country's largest clearing service provider, the National Clearing Centre. The exchange was formed in 2011 in a merger of the Moscow Interbank Currency Exchange and the Russian Trading System.
CIG Pannonia Life Insurance Plc. is a Hungarian multinational financial services company headquartered in Budapest. Its core business and focus is life and non-life insurance. At present, CIG Pannonia is engaged in the life insurance business in Hungary, Romania and Slovakia.
TakarékBank was a banking and financial services corporation in Hungary and the central institution for more than 60 co-operative banks and their 1,100 branch offices. In 2023, it merged with MKB Bank to form MBH Bank.
Lőrinc Mészáros 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 436 billion forint ($1.3 billion) as of 2022, he is, according to Forbes, the third richest person in Hungary. Several media outlets refer to him as "oligarch".
Erik Keszthelyi is a Hungarian economist and owner of Hungarikum Biztosítási Alkusz, the largest Hungarian-owned insurance broker, which also owns a majority stake in CIG Pannonia. He is also the 47th richest person in Hungary as of 2023.