German car maker BMW will probably add shifts at its new factory in Hungary to meet "enormous demand", the head of BMW Group Plant Debrecen has said at an international press conference, MTI reports. Hans-Peter Kemser said the plant was operating with two shifts at present, turning out 30 cars an hour. He added that […]
GLS Hungary’s nationwide network expansion has reached another important milestone: the company has put its 3,000th parcel locker into operation in the southeastern Hungarian city of Szeged. The company says this development clearly illustrates the rapid transformation of the domestic parcel logistics market and the strategic direction in which GLS is continuously expanding the number […]
The Budapest Stock Exchange (BSE) closed the month of May with balanced trading activity; spot stock market turnover amounted to HUF 511.6 billion, representing a daily average trading volume of HUF 26.9 billion, the BSE told MTI. Turnover declined compared to April: in the previous month, the market picked up significantly following the April 12 […]
After-tax profit of Zwack Unicum, Hungary's biggest spirits maker, rose 6% to HUF 3.2 billion in its business year ended March 31, an earnings report published on Wednesday shows. As MTI notes, sales, net of excise tax and a DRS deposit fee for bottles, edged up 2% to HUF 24.4 billion. Sales of premium products […]
The Hungarian oil and gas company MOL Plc. notified the capital markets Friday evening on the website of the Budapest Stock Exchange that it received an official license from the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”) to continue negotiations on the purchase of a majority shareholding of Naftna […]
First-quarter after-tax profit of listed real estate broker DH Group climbed 55% year-on-year to HUF 0.9 billion, an earnings report released on the Budapest Stock Exchange and reviewed by MTI. Net sales revenue at DH Group (which includes Duna House in Hungary) increased 29% to HUF 12.9 billion. Domestic sales reached HUF 2.5 billion, while […]
The design software market is changing worldwide, and Graphisoft has restructured its sales system accordingly, executives from the company – which develops design software for architecture – said at a press conference in Budapest on Tuesday. Tamás Bayer, Graphisoft’s sales director, explained that by introducing direct sales, they can establish a direct relationship with their users and […]
ANY Security Printing Company closed the first quarter of 2026 with HUF 2.7 billion net results, and HUF 187 EPS, the company has announced on the website of the Budapest Stock Exchange. The report says ANY Security Printing Company generated revenue of HUF 17.192 billion in the first quarter of 2026. Consolidated net profit for […]
K+H Bank, the Hungarian unit of Belgian's KBC, had a first-quarter loss of HUF 19 billion as it booked the full amount it must pay for the year on the bank levy and windfall profit tax, the lender said on Monday. K+H Bank booked HUF 58 billion for the bank levy and windfall profit tax […]
Electrical engineering company ABB will invest HUF 5 billion to expand capacity at its base in Kecskemét (East Central Hungary), the company has announced. As part of the development project in Kecskemét, new machines, injection molding equipment, robotic solutions, and additional production lines will be installed. The investment will enable increased production of several medium-voltage […]
First-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, fell 6% year-on-year to HUF 177.0 billion as the lender booked the full-year amount of sectoral taxes during the period, an earnings report released ahead of the opening bell on Friday shows. If OTP had booked the prorated amount of the bank levy and windfall […]
Hungarian haulier Waberer Group's consolidated EBIT for the first quarter of 2026 was EUR 11.0 million, which is in line with the base period (Q1 2025) result. The quarterly report was publihed on the website of the Budapest Stock Exchange. The Group's consolidated revenue for the quarter was EUR 207.9 million, representing a 6.9% increase. […]
First-quarter after-tax profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, rose 20% year-on-year to EUR 2,670,000, an earnings report shows. The pro-forma net profit for the first quarter of 2026 was in line with company’s expectations at EUR 2.67 million, representing a significant increase of 20% compared […]
Listed building materials maker Masterplast had first-quarter after-tax profit of EUR 1.9m, improving from a loss of EUR 2.2 million in the base period, an earnings report released ahead of the opening bell on Thursday shows. In the first quarter of 2026, Masterplast achieved consolidated revenue of EUR 57,4 million, representing the third highest quarterly […]
Belgian universal multi-channel bank-insurer KBC booked a EUR 30 million first-quarter loss at its banking and insurance business in Hungary as a windfall profit tax weighed, the lender said in an earnings report released on Tuesday. KBC booked EUR 215 million in banking and insurance taxes at the business – the full-year amount – up […]
