Stock FORTY FORMULA SYSTEMS (1985) LTD.
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Company Formula Systems (1985) Ltd.

Equities

FORTY

IL0002560162

IT Services & Consulting

Delayed TEL AVIV STOCK EXCHANGE
Other stock markets
 07:24:08 2024-04-25 am EDT 		5-day change 1st Jan Change
27,550 ILa -2.03% Intraday chart for Formula Systems (1985) Ltd. -2.44% +14.55%
Mar. 19 Earnings Flash (FORTY) FORMULA SYSTEMS (1985) Reports Q4 Revenue $640.3M MT
Mar. 19 Formula Systems Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Business Summary

Formula Systems (1985) Ltd. (Formula) is a global information technology (IT) solutions and services holding company. The Company, through its directly held subsidiary and affiliated companies, is engaged in providing software solutions and services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration. The Company operates through two segments: software services and IT professional services. The software services segment develops markets, sells and supports an application platform, software applications, business and process integration solutions, and related services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services.

Number of employees: 22,000

Sales per Business

ILS in Million2021Weight2022Weight Delta
Matrix Information Technology
54.0 %
4,342 55.9 % 4,665 54.0 % +7.46%
Magic Software
21.8 %
1,543 19.9 % 1,887 21.8 % +22.32%
Sapiens
18.5 %
1,489 19.2 % 1,595 18.5 % +7.11%
Other
5.2 %
412 5.3 % 449 5.2 % +8.81%
Reconciling Items
-2.9 %
-290 -3.7 % -248 -2.9 % -14.59%
ZAP Group
1.9 %
167 2.1 % 168 1.9 % +0.50%
Michpal
1.5 %
104 1.3 % 127 1.5 % +22.26%

Sales per region

ILS in Million2021Weight2022Weight Delta
Israel
61.1 %
4,866 62.7 % 5,279 61.1 % +8.47%
United States
26.4 %
1,912 24.6 % 2,286 26.4 % +19.58%
Europe
10.2 %
826 10.6 % 881 10.2 % +6.71%
Africa
1.0 %
58 0.7 % 90 1.0 % +54.15%
Other (mainly Asia Pacific)
0.8 %
63 0.8 % 69 0.8 % +10.63%
Japan
0.4 %
42 0.5 % 38 0.4 % -8.55%

Managers

Managers TitleAgeSince
Guy Shimon Bernstein CEO
 Chief Executive Officer 56 06-10-31
Asaf Berenstein DFI
 Director of Finance/CFO 46 11-10-31
Maya Solomon Ella COO
 Chief Operating Officer 46 16-08-31
Eyal Weitzman AUD
 Comptroller/Controller/Auditor 64 -

Members of the board

Members of the board TitleAgeSince
Guy Shimon Bernstein CEO
 Chief Executive Officer 56 06-10-31
Ohad Melnik BRD
 Director/Board Member 52 19-01-03
Marek Pawel Panek CHM
 Chairman 53 10-11-24
Gabriela Barbara Zukowicz BRD
 Director/Board Member 49 22-07-31
Relly Ariela Danon BRD
 Director/Board Member 53 22-04-30
Karolina Rzonca-Bajorek BRD
 Director/Board Member 38 22-07-31
Rafal Kozlowski BRD
 Director/Board Member 50 21-07-31
Tomer Jacob BRD
 Director/Board Member 52 22-04-30

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 15,901,287 9,519,707 ( 59.87 %) 568,620 ( 3.576 %) 59.87 %

Shareholders

NameEquities%Valuation
ASSECO POLAND S.A.
25.82 %
3,958,154 25.82 % 318 M ILa
Guy Shimon Bernstein
11.73 %
1,797,973 11.73 % 145 M ILa
Harel Provident Funds Ltd.
7.559 %
1,159,013 7.559 % 93 M ILa
Menora Mivtachim Provident Funds Ltd.
7.120 %
1,091,708 7.120 % 88 M ILa
Yelin Lapidot Provident Funds Management Ltd.
3.081 %
472,439 3.081 % 38 M ILa
Yelin Lapidot Mutual Fund Management Ltd.
2.520 %
386,308 2.520 % 31 M ILa
KSM Mutual Funds Ltd.
1.659 %
254,326 1.659 % 20 M ILa
Migdal Mutual Funds Ltd.
1.375 %
210,770 1.375 % 17 M ILa
Meitav Mutual Funds Ltd.
1.355 %
207,722 1.355 % 17 M ILa
HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD
0.9215 %
141,292 0.9215 % 11 M ILa
NameEquities%Valuation
Harel Mutual Funds Ltd.
8.598 %
1,318,304 8.598 % 106 M ILa
Meitav Mutual Funds Ltd.
7.624 %
1,168,940 7.624 % 94 M ILa
Phoenix Investments House Ltd.
7.070 %
1,084,025 7.070 % 87 M ILa
Yelin Lapidot Investment Portfolio Management Ltd.
6.402 %
981,589 6.402 % 79 M ILa
CLAL INSURANCE ENTERPRISES HOLDINGS LTD.
5.270 %
808,061 5.270 % 65 M ILa
Altshuler Shaham Investments House Ltd.
0.0929 %
14,251 0.0929 % 1 M ILa
TFG Advisers LLC
0.0497 %
7,624 0.0497 % 610 682 ILa
GHP Investment Advisors, Inc.
0.0454 %
6,961 0.0454 % 557 576 ILa
Dimensional Fund Advisors LP
0.0269 %
4,126 0.0269 % 330 493 ILa
Morgan Stanley Capital Services LLC
0.0190 %
2,907 0.0190 % 232 851 ILa

Holdings

NameEquities%Valuation
SAPIENS INTERNATIONAL CORPORATION N.V.
44.08%
 24,314,766 44.08% 781,962,875 $
MATRIX IT LTD.
48.21%
 30,623,239 48.21% 677,544,369 $
MAGIC SOFTWARE ENTERPRISES LTD.
46.26%
 22,710,106 46.26% 260,030,714 $

Company contact information

Formula Systems (1985) Ltd.

Yahadut Canada 1 Street

60375, Or Yehuda

+972 3 538 9487

http://www.formulasystems.com
address Formula Systems (1985) Ltd.(FORTY)

Sector

Technology
Software & IT Services
Software & IT Services
IT Services & Consulting
Other IT Services & Consulting

Sales per Business

Sales per region

Sector Other IT Services & Consulting

1st Jan change Capi.
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