After-tax profit of listed alternative energy company ALTEO fell 68% year-on-year to HUF 2.7 billion on higher costs, an earnings report released on Monday shows. Revenue rose 16% to HUF 86.8 billion. Material costs increased 28% to HUF 61.2 billion and payroll costs climbed 55% to HUF 11.8 billion. Diluted earnings per share came to […]
Hungarian energy services provider ALTEO Plc. has celebrated its 15th anniversary on the Budapest Stock Exchange (BSE). The company has a portfolio covering almost the entire value chain of the electricity industry and is also a major player in the domestic circular economy. ALTEO's operations are characterized by a commitment to sustainability and value creation, […]
ALTEO-Therm Ltd. has successfully completed a HUF 434 million investment project to replace its former 3.2 MW Wärtsilä 220 SG gas engine at its Tiszaújváros site with a modern, refurbished Jenbacher J620 engine. The project not only involved the replacement of the gas engine, but also included mechanical, electrical and control updates to auxiliary plant […]
In H1 2025, ALTEO achieved a 10% year-on-year increase in revenues, mainly due to the successful expansion of the Retail and Renewable Production Management portfolios and the significant increase in renewable energy production capacities, the energy services company says in its management report and analysis on the website of the Budapest Stock Exchange. Despite the […]
A 6MW gas engine has begun operating in the Győr Industrial Park, marking the successful completion of the entirely self-financed investment by the energy services firm ALTEO. The power plant, designed around a Wärtsilä 18V34SG gas engine with a capacity of 6MWe, was built in the Győr Industrial Park as a greenfield investment under the […]
In compliance with its obligation of extraordinary disclosure of information according to the relevant regulations, the Hungarian energy services provider ALTEO has announced on the website of the Budapest Stock Exchange that the closing preconditions of the sale and purchase contract for the acquisition of ÉLTEX Trade and Shipment Ltd., signed on December 20, 2024 […]
ALTEO-Therm Ltd. has successfully completed a HUF 434 million investment project to replace the former 3.2 MW Wärtsilä 220 SG gas engine at its Tiszaújváros site with a modern, refurbished Jenbacher J620 model. As part of the project, not only was the gas engine replaced, but the mechanical, electrical and control systems of the auxiliary […]
ALTEO Energy Services Plc. announced on the website of the Budapest Stock Exchange that the closing conditions for the sale and purchase agreement for the acquisition of ÉLTEX Commercial and Transport Ltd. signed on December 20, 2024 by ALTEO Plc. and Global Refuse Holding Plc. have been fulfilled, and that as of this Monday, ALTEO […]
The Hungarian energy services firm Alteo Plc. will not pay any dividend this year, as the General Meeting of Shareholders has decided that last year's profit will be fully transferred to the profit reserve, the company announced on the website of the Budapest Stock Exchange (BSE) on Monday. The general meeting of Alteo Plc. last […]
The Hungarian energy services firm ALTEO’s revenue in 2024 increased by 7% compared to the highly successful 2023 financial year, and its EBITDA reached HUF 19.7 billion, slightly higher than a year earlier, the company has announced on the website of the Budapest Stock Exchange (BSE). The results achieved by the company, listed in the Prime […]
The Hungarian energy company Alteo has published its business strategy for the period 2025-2030, the implementation of which would provide the energy service and trading company with significant growth both geographically and financially, the company told MTI on Thursday. The company's results over the past three years have significantly exceeded the targets set in its […]
In compliance with its obligation to provide notification of extraordinary events as set out in a decree of the Minister of Finance, ALTEO Plc. has announced on the website of the Budapest Stock Exchange that this Thursday, the company exercised its purchase right under the contract concluded between itself and Callis Ltd., thus concurrently, the […]
The Hungarian energy distribution company ALTEO Plc. has announced on the website of the Budapest Stock Exchange that it signed this Friday business quota sale and purchase contracts with the Hungarian company Pannonia Bio Plc. and the Spanish firm CEOLICA HISPANIA for the acquisition of 100% of the business quota of the Hungarian renewable energy […]
The Hungarian energy services firm Alteo put a solar park into operation near Tereske in Nógrád county (northeast of Budapest). With the facility built with its own investment and construction, the company's solar power plant capacity has doubled. The solar power plant will be able to produce 31 gigawatt hours (GWh) of electricity annually, which […]
The Hungarian energy company ALTEO reported its 2024 Q1 earnings on this Tuesday 2024. In a nutshell the Company’s EBITDA decreased by 43% compared to a year ago from HUF 7.8 billion to HUF 4.5 billion in the first three months of 2024. The revenue decreased by 26% from HUF 36 billion to HUF 27.7 […]
