Thirty Years on the Stock Exchange for PannErgy

PannErgy celebrated its 30th anniversary on the Budapest Stock Exchange (BSE) on Thursday, the company announced on the BSE website.

Founded in 1922, the company was originally active in the plastics industry under the name Pannonplast, and through a strategic transformation, it has become a major player in the renewable energy sector.

PannErgy is now one of the BSE's longest-standing issuers and one of the greenest stocks, committed to sustainability and environmental awareness, they said.

The company has geothermal projects in Miskolc, Győr, Szentlőrinc and Berekfürdő. PannErgy's share price is almost six times its start-up price.

The company is listed on the Budapest Stock Exchange, is a member of the BUX basket and a premium share issuer, they said.

According to the information, the company closed last year with consolidated revenue of HUF 9.6 billion and net profit of HUF 1.716 billion under International Financial Reporting Standards (IFRS). PannErgy's shares are traded in the premium category of the Budapest Stock Exchange, with a price of around HUF 1,430 on Wednesday. Over the past year, the price has ranged between HUF 1,065 and 1,505.