- As part of Asseco's Formula Systems assets, Magic Software has delivered soundly in their businesses with over 20% in organic revenue growth.
- With exposure to business transformation initiatives, related substantially to acquisition activity, Magic is likely to continue to deliver.
- Moreover, the digitalization trends accelerated by COVID-19 continue to be a tailwind for Magic in IT services and for the rest of their software on offer.
- For a low double-digit multiple and with even a decent dividend yield, Magic is a worthwhile exposure which we continue to hold through Asseco Poland.
For further details see:
Magic Software Enterprises: Benefits From Durable M&A, Digitalization And Logistics Strength