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ALTEO Plc.

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Hungarians Concerned about the Future of the Planet

D&T
Apr 10, 2021

There are almost no Hungarians who would not be preoccupied with the future of the planet, and a resident can list an average of 12 environmental factors, according to a national, representative survey commissioned by the ALTEO Group. Although different demographic groups differ on the significance of each of these, 80% agree on one thing: […]

Old Hydro Plant Renovated by ALTEO

D&T
Dec 14, 2020

ALTEO Plc. has completed the renovation of the Gibárt Hydroelectric Power Plant, which has been operating as a monument for more than 100 years, in order to ensure the further long-term, reliable and economical operation of the power plant. The company renovated and modernized the power plant with an investment of HUF 1.2 billion, during […]

Alteo Doing Well Despite the Pandemic

D&T
Nov 16, 2020

Despite the pandemic,the Hungarian energy service provider firm ALTEO continued to grow, reaching sales of nearly HUF 5.5 billion in the 3rd quarter of 2020. A quarterly report by the company says that since a significant portion of the profitability of ALTEO’s activities is less vulnerable to changes in the economic cycle, the principal focus […]

ALTEO Reports Significant Growth of Revenues

D&T
Aug 31, 2020

In the first half 2020, both the revenue and net after-tax profit increased significantly at the Hungarian energy company ALTEO Group. The 33% increase in sales revenue was accompanied by a 120% rise in after-tax profit. A report by the Group says the growth achieved not only reflects the success in investment and acquisition activities, […]

ALTEO Buys Wind Power Generation Firm

D&T
Aug 18, 2020

Hungarian-owned energy service and trading company ALTEO Plc. has concluded a stock purchase agreement for the acquisition of Pannon Wind Power Generator Ltd. for HUF 1,153,000,000 from EIH Ltd. The execution of the stock purchase agreement is the first step in the transaction. The ownership of the business interest in Pannon Ltd. will be transferred […]

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