Róbert Balogh
Chief Financial Officer at THiS Group AB (publ)- Claim this Profile
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Bio
Experience
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THiS Group AB (publ)
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Sweden
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Financial Services
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1 - 100 Employee
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Chief Financial Officer
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Jan 2023 - Present
I started working as a part time CFO of a very promising company. This Group is active in trading of health products (mostly food, but non food as well). I am responsible for all the finance related activities for the Group, including accounting, budgeting, reporting, financing etc. I started working as a part time CFO of a very promising company. This Group is active in trading of health products (mostly food, but non food as well). I am responsible for all the finance related activities for the Group, including accounting, budgeting, reporting, financing etc.
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Lixea
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Sweden
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Chemical Raw Materials Manufacturing
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1 - 100 Employee
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CFO in Lixea Group and consultant in various companies
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Mar 2021 - Present
I launched my consulting company from March 2021, advising various companies on several projects. My clients range from a start up UK chemical company, a private equity fund active in CEE, a Hungarian eis cream retailer and a regional backery company. Key assignments: • Acting as a part time CFO for a UK based chemical start up. The company develops a new recycling technology for the chemical industry with the objective to built a portfolio of licencees. The company received several million euros of financing (grant and convertible loan) from EU funded organisations. The task includes building an accounting and controlling system for the Swedish based pilot plant and the operation, building business plans and budgets for the company and control its execution, reporting to investors and grant providers and assist the team in the new round of fund raising. • Develop an operation controlling system for a backery business acting in the CEE region. The mandate includes building a unit cost calculation software, establishing controlling system for their factory and upgrading the ERP system Show less
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Senior management positions in privately owned companies
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Aug 2017 - Feb 2021
Eurogate Logistics Ltd. A leading independent freight forwarder in the CEE region with operations in 6 countries and ca. €100m revenue (including one in the UK). As Group CFO and Board member, I was responsible for all the finance related activities of the group from controlling to finance and accounting. I was responsible for the full accounting, reporting and financing processes of the Group. We are working in various legislations (eg. UK GAAP, Hungarian Accounting System etc.) and we manage full consolidation in IFRS. I was part of the team forming and implementing Group strategy. I managed several new initiatives and innovations, ranging from launching new country operations, new business lines and products, with development of the business concept, business planning, staffing, execution of plan and reporting. Royal Capital Privately owned holding company with four major business lines: stationary wholesale, financial work out, hotel management, real estate management. The total revenue of the group is ca. €30m with an EBITDA of ca. 6m. The group intends to expand and invest into existing and other industries. As CEO and Board member, I was fully responsible for the entire management of the holding including the investment and divestment activity, strategy and implementation and complete management of the existing investment. The activities included the sale of certain main assets, organic business development with sizeable projects (eg. ERP change) and operational and financial reorganisation of three group companies. Show less
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CFO
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Feb 2014 - Aug 2017
Gramex is a soft drinks producer with ca. €20m turnover and €4m EBITDA owned by two major private equity investors (Franklin Templeton, ARX Capital). My responsibilities incude the general admin CEO tasks of the group, (finance, HR, law, IT) plus supervision of the whole supply chain activity of the group. Transforming a privately owned enterprise into a professionally run mid sized company establishing a controlling system, IFRS reporting, executing a management team change and introducing professional processes to the group. Show less
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Centrál Alapkezelő
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Budapest
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Partner
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Feb 2009 - Feb 2014
Central is a private equity fund with €30m under management. As a pertner I was responsible for finding, selecting, investing, monitoring and selling portfolio companies. At peak we had more than 15 companies in the portfolio in various industries including logistics, food, wholesale etc. The most important projects I was involved were the acquisition and a successful sales of GTR, a parcel delivery company to the French Post, acquisition of Eispro, an icecream factory from Eismann Germany and the acquisition of HSBC Hungary. Show less
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Wallis zRt.
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Budapest
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CFO of portfolio companies
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Jun 2005 - Feb 2009
As member of the management pool I was acting as owner delegated CFO in Dataplex, supervising the acquisition and a successful sale to Magyar Telekom (Deutsche Telekom subsidiary) and a CFO in Geohidroterv, an environment management company. As member of the management pool I was acting as owner delegated CFO in Dataplex, supervising the acquisition and a successful sale to Magyar Telekom (Deutsche Telekom subsidiary) and a CFO in Geohidroterv, an environment management company.
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CFO
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Jun 2001 - Jun 2005
RPEM is a €83m private equity fund based in Vienna. At RPEM I was senior risk manager involved in the acquisition and monitoring of portfolio companies. The main project was the acquisition of Stollwerck and after closing of the transaction I was delegated there as a CFO of the company. Stollwerck (Bonbonetti Kft. today) is the largest Hungarian chocolate manufacturer with ca. €40m turnover. As CFO I was responsible for the entire administrative area of the compnay including finanace (controlling, accounting, tax, customes), HR, law and every other admin type activity of the company. The main projects included a very successful cost cutting program, introduction of the new MIS system and the acquisition and integration of Bonbonetti Kft., a smaller chocolate manufacturer., Show less
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AIG - Emerging Markets Partnership
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London, United Kingdom
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Manager
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Jun 1999 - Jun 2001
EMP was the largest private equity fund manager in Central Europe with $550m under management. The limited partners of the Fund were AIG, ABN Amro and Edison Capital. At EMP I was a manager assisting the fund directors in acquiring and monitoring private equity trasactions. We looked at various companies in several industries including cable TV, transport, mobile telephony, EMP was the largest private equity fund manager in Central Europe with $550m under management. The limited partners of the Fund were AIG, ABN Amro and Edison Capital. At EMP I was a manager assisting the fund directors in acquiring and monitoring private equity trasactions. We looked at various companies in several industries including cable TV, transport, mobile telephony,
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HSBC Investment Banking
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London, United Kingdom
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Associate
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Jun 1996 - Jun 1999
I was working as an associate for the investment banking arm of HSBC, the largest bank in the world at the time. I was involved in all kinds of mandates including IPOs, M&A transactions, advisory mandates, valuations etc. I started with Hungarian transactions, but I was moved to the execution team after a year, where I worked in transactions in the UK, Egypt, Poland etc. I was working as an associate for the investment banking arm of HSBC, the largest bank in the world at the time. I was involved in all kinds of mandates including IPOs, M&A transactions, advisory mandates, valuations etc. I started with Hungarian transactions, but I was moved to the execution team after a year, where I worked in transactions in the UK, Egypt, Poland etc.
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Education
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Corvinus University of Budapest
Finance, MBA -
Hyperion
SFA exam in London, Finance, General