Adi Eyal, CEO of ONE (Regev Art Photography)
One Technologies, one of the largest computer groups in Israel, ended 2021 with a fantastic revenue of NIS 2.72 billion, an increase of 44% compared to revenues in 2020 that amounted to NIS 1.89 billion. The growth in revenue was mainly due to the first consolidation of the results of Taldor, whose acquisition was completed in February 2021, along with organic growth in the company’s areas of activity.
Gross profit in 2021 increased by 38% to NIS 438 million, compared to NIS 317 million in 2020. Operating profit in 2021 increased by 38% to NIS 200 million, compared to NIS 145 million in 2020. The increase in profit Operations were due to growth in the volume of activity in the software segment, a mix of value-added transactions, higher profitability in the infrastructure segment, and the first consolidation of Taldor.
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EBITDA in 2021 increased by 50% to NIS 310 million, compared to NIS 206 million in 2020.
The net profit in 2021 increased by about 40% to about NIS 142 million (about NIS 131 million attributed to the majority shareholders), compared to about NIS 101 million (about NIS 94 million attributed to the majority shareholders) in 2020.
The net cash flow resulting from current operations in 2021 increased by approximately 15% to approximately NIS 289 million, compared with approximately NIS 252 million in 2020, and was positively affected mainly by the said increase in profits.
In quarterly terms, the company ended the fourth quarter of the year with a 26% increase in revenues that amounted to NIS 739 million, compared to NIS 588 million in the corresponding quarter last year. Gross profit in the quarter increased by 27% to NIS 123 million, compared with NIS 97 million in the corresponding quarter last year.
Operating profit in the quarter increased by 23% to NIS 58 million, compared with NIS 47 million in the corresponding quarter last year. EBITDA in the quarter increased by 35% to NIS 87 million, compared with NIS 64 million in the corresponding quarter last year. Net income for the quarter climbed by 21% to NIS 42 million (NIS 38 million attributed to the majority shareholders), compared with NIS 34 million (NIS 32 million attributed to the majority shareholders) in the corresponding quarter last year.
Van’s cash, as of the end of the fourth quarter of the year, amounts to NIS 302 million. The company’s shareholders’ equity amounted to NIS 564 million and constitutes approximately 29.0% of the total balance sheet. The increase in shareholders’ equity was mainly due to the aforesaid increase in net profit partially offset by a dividend distribution of NIS 83 million paid during 2021 and in accordance with the dividend distribution policy at a rate of about 66% of net profit each quarter.
Adi Eyal, CEO of the One Technologies Group: “We are proud to sum up the year 2021 with record results and with a 44% growth in revenues and a 40% increase in profits. This is the third year in a row that we are showing double-digit growth in revenues and profits while expanding into new areas of activity and strengthening existing activities.
After completing the implementation of Taldor, we provide our customers with a very wide range of solutions, including providing new solutions in the worlds of BPO, communications and information security and advanced cloud services. In addition, we have deepened our activities in the public sector. We continue to examine business opportunities, including mergers and acquisitions in areas relevant to the continued expansion of the Group’s operations. “
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