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Annual report

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Wizz Air Closes Financial Year with Increased Loss

Jun 9, 2022

Low-cost airline Wizz Air closed the 2021/2022 financial year ending March this year with a loss of EUR 642.5 million, up from EUR 576 million in the previous year, while its revenue more than doubled to EUR 1.66 billion from EUR 739 million in the previous year, according to a report published on the company's […]

Pandemic: Second Loss-Making Year for Budapest Airport

May 23, 2022

EUR 25 million more in revenues and 22 million EUR less in losses – this is a concise summary of Budapest Airport’s financial year 2021. Despite a 20% increase in passenger traffic last year and a 36% increase in air cargo volume compared to 2020, the company operating Ferenc Liszt International Airport ended the second […]

Otthon Centrum Turnover Up by Almost HUF Two Billion

May 17, 2022

Otthon Centrum's (OC) net sales amounted to HUF 6.2 billion in 2021, compared to HUF 4.4 billion a year earlier, the real estate brokerage firm said on the Budapest Stock Exchange's website on Tuesday. Last year, the group achieved a record in both real estate network turnover and loan intermediation, the report said. The company's […]

Unprecedented Year of Success at Masterplast

Apr 28, 2022

Favorable construction demand, raw material supply constraints and price rises characterized the market in 2021, where the Masterplast Group, leveraging its stable supply chain, efficient inventory policy and strong market position, achieved an outstanding result, according to the 2021 annual report by the leading insulation material and construction industry product producer-distributor company in the Central […]

Graphisoft Park After Tax Profit Up 9% in 2021

Feb 22, 2022

Graphisoft Park that includes industrial and office facilities in Budapest produced a rental revenue of EUR 14.7 million in 2021, the pro forma net profit reached EUR 4.84 million, which is almost EUR 140,000 higher than the forecast. Accordingly, the Board of Directors plans to propose to the General Meeting the payment of EUR 4.4 […]

Enormous 2021 Sales Records at AutoWallis

Jan 18, 2022

In line with its strategic plans, AutoWallis sales set new records in all areas in 2021. The Group is present in 14 countries in the region and tripled its figures from the previous year, selling more than 25,000 vehicles last year. Within this figure, the sales of the Retail & Services Business Unit more than […]

Modest Revenue Increase at Magyar Telekom

Feb 28, 2021

Hungary’s largest telecommunications service provider Magyar Telekom reported its consolidated financial results for the fourth quarter and full year of 2020, in accordance with International Financial Reporting Standards (IFRS) as endorsed by the EU. Total revenues increased by 3.6% year-on-year to HUF 188.9 billion in Q4 2020 thanks to increases in telecommunication service revenues in […]

Successful Crisis Management at Rába

Feb 21, 2021

The Hungarian automotive firm Rába Plc. closed the 2020 business year with a consolidated, group-level sales revenue of HUF 38.7 billion, the company reports. The report highlights that thanks to the measures introduced in the spring, the management successfully handled the crisis and, exceeding the set goal, restored profitable operations on an annual basis, along […]

Successful Financial Year for Mercedes in Kecskemét

Sep 9, 2020

In many ways, 2019 was a successful year for Mercedes-Benz Manufacturing Hungary Plc. at the Kecskemét plant, which successfully started series production of three new models, the company's annual report says. The new CLA Coupé was followed by the CLA Shooting Brake and, in the autumn, the three Mercedes-AMG Performance compact models. The vehicles manufactured […]

Zwack Net Sales Adversely Affected by Tax Hikes

May 21, 2020

Hungarian liquor producer Zwack Unicum Plc. has published the results of the company for the 2019-2020 business year: slight increase in gross sales and significant decrease in net sales. According to audited data, total gross sales of the company were HUF 26,358 million – practically the same as in the previous business year (+HUF 17 […]

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