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alteo

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ALTEO Acquires 100% of Mov-R H1 Ltd.

D&T
Oct 18, 2024

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 […]

Doubled Solar Power Plant Capacities at Alteo

D&T
Aug 23, 2024

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 […]

ALTEO's Q1 Revenues and EBITDA Down

D&T
May 22, 2024

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 […]

ALTEO Had a Strong Year in 2023

D&T
Mar 1, 2024

The energy company ALTEO achieved outstanding results in 2023, as a proof its strategy was updated at the beginning of 2022 and its implementation are successful and effective, where environmental and social sustainability plays a key role in addition to business considerations, the company has announced on the website of the Budapest Stock Exchange. The […]

Support for Transition to Circular Economy

D&T
Jan 18, 2024

FE-Group Invest Plc., a subsidiary of Alteo, has won a HUF 300 million grant for the technological support of the transition to circular economy of waste from products subject to product fees under the return system introduced from January 2024, the company told MTI on Thursday. According to the press release, the non-refundable subsidy won […]

Alteo Commissions More Electric Boilers

D&T
Nov 17, 2023

After the electric heating boiler installed at its Sopron power plant, Alteo, an energy service and trading company, has integrated two more devices into its control centre, which allow the conversion of electricity produced from renewable energy sources into heat; the hot water produced by the boilers installed at the heating power plants in Kazincbarcika […]

ALTEO Concludes the Acquisition of Two Companies

D&T
Mar 17, 2023

The Hungarian energy company ALTEO has acquired shares embodying 100% of the share capital of the energetics company Energikum. Energikum holds the stake embodying 99% of the issued capital of Energigas Ltd., which owns a biogas plant in Nagykőrös, SE of Budapest. ALTEO is currently the 1% minority shareholder of Energigas. ALTEO also operates the […]

Successful Year for Alteo Plc. in 2022

D&T
Feb 17, 2023

Energy services provider and trader Alteo Group achieved a net profit of HUF 12.9 billion in 2022, an increase of 120% compared to 2021, the company said on Friday. Alteo has been successful despite the challenges in the energy market, turning difficulties to its advantage with a strategy based on sustainability and renewable energy, the […]

Alteo's Revenue and Profit Up Significantly

D&T
Nov 14, 2022

Alteo Group, active in the energy sector, achieved consolidated revenues of HUF 62.7 billion in the first three quarters of this year, up 116 % compared to the same period last year, while its profit after tax increased by 128 % to HUF 11.2 billion in the same period, the energy services and trading company […]

AutoWallis, ALTEO and Opel Support Spread of E-Mobility

D&T
Nov 10, 2022

Owners of electric Opel vehicles will be able to buy not only vehicle chargers but will also receive access to sustainable energy solutions: thanks to the coordination of e-mobility-related services between the AutoWallis Group and ALTEO, owners of electric Opel vehicles will be offered a complex solution that ensures reliable and cheaper electric vehicle use. […]

ALTEO and AutoWallis Coordinate E-mobility Services

D&T
Jul 7, 2021

ALTEO and AutoWallis have signed a strategic cooperation agreement to coordinate their e-mobility services in the future. The agreement between the two companiesis based on their commitment to sustainable and transparent operations and the transition to a green economy. The agreement also covers the sale of innovative energy solutions for charging e-cars. The cooperation agreement […]

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