Rába Group Reports Growing Revenues but Also Net Loss

The consolidated sales revenue of the Rába Group in H1 of 2022 amounted to HUF 30.0 billion, which is an increase by 26.6% compared to the figure of HUF 23.7 billion reported for the base period of H1 of 2021.

The operating result of the group during the current period amounted to HUF 750 million in profits, compared to HUF 1,804 million in profits during the same period a year earlier.

During the reporting period, the financial result was a loss of HUF 906 million, which includes, among others, a net interest payment of HUF 47 million, as well as exchange rate losses of HUF 855 million.

Profits from the purchase of investment amounted to HUF 108.6 million during H1 of 2022, which is the proceeds from the purchase of the 24.9% share in Rekard.

Based on the above, the Rába Group generated net losses of HUF 252 million in H1 of 2022, compared to the profit of HUF 1,826 million during the same period of the previous year.

On the level of EBITDA, the group registered profits of HUF 1,991 million in H1 of 2022, against last year’s figure of HUF 3,009 million.