Hungarian-owned electronics manufacturing services company Videoton expects to close 2025 with revenue of around HUF 300 billion, the holding's chairman-CEO Gábor Széles said at a year-end event.
He stated that turnover would be "somewhat lower" than in 2024, but added that the company's performance was "fantastic" in the context of the economic crisis in Europe, especially in the automotive sector. He said Videoton's position was "strong and stable" and the company was not in need of credit.
CEO Ottó Sinkó said the forint's firmer exchange rate at present was "extraordinarily unfavorable" for Videoton and would bite into profits if there was no change in the long term. Videoton has around 6,000 people on payroll, but headcount stands over 8,000 including contracted labor.
Ottó Sinkó added that wages of Videoton employees had risen over the rate of inflation since 2015 and the same was expected in the coming years.
CEO Péter Lakatos said Videoton had received "promising orders" recently and highlighted a contract to produce electronics for South Korea's Kia-Hyundai group.
Videoton Holding Plc. is an industrial group with more than 85 years of manufacturing experience, privately owned since 1991, offering manufacturing and manufacturing-related services to industrial companies at its nine Hungarian and three foreign sites. Videoton had revenue of HUF 305 billion in 2024, public records show.
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