Based on the decision of its Annual General Meeting, AutoWallis will not pay dividends, the amount available for this purpose will be placed in the profit reserve to support the company's growth strategy, the company told MTI on Friday. Shareholders approved the company's 2024 report and authorized the board of directors to increase the share […]
Masterplast Plc. has stabilized its financial management in the 2024 financial year, primarily by reorganizing its operational processes, increasing production efficiency and making redundancies, the company’s CEO Tibor Dávid announced at the group's investor briefing on Thursday. Speaking at the event, held at the group's headquarters in Sárszentmihály, southwest of Budapest, the CEO said the […]
OTP closed the most successful year in its history in 2024, the bank achieved outstanding profitability, its capital position is extremely stable, and it is the market leader in the region, the bank's CEO, Sándor Csányi said at the annual general meeting of the company in Budapest on Friday. He stated that OTP had acquired […]
MBH Bank held its Annual General Meeting, at which shareholders approved the individual and consolidated financial statements of the bank prepared in accordance with International Financial Reporting Standards, as applicable for 2024 and voted on the other items on the agenda, the bank has announced. The report says the company's year 2024 was in line […]
Despite geopolitical tensions, weak global growth and changes in the regulatory environment, the Mol Group closed the 2024 financial year with a stable result, meeting its financial targets, the Group's CEO, Zsolt Hernádi said at the company's annual general meeting in Budapest on Thursday. Zsolt Hernádi noted that despite the decline in the financial result, […]
Despite the economic difficulties, the economic indicators of Hungary's BioTechUSA Group improved last year, with the turnover of one of Europe's largest manufacturers and distributors of dietary supplements rising to HUF 93.7 billion, the company told MTI on Thursday. It said the wholly domestically owned group increased its turnover by 3.5%, while its EBITDA rose […]
Ganz Transformers and Electric Rotating Machines Ltd. closed the 2024 business year with an outstanding result, its net sales more than doubled compared to last year, and its profit after tax increased almost fourfold, the company told MTI on Thursday. According to a statement, the net sales of the company, which has been 100% Hungarian-owned […]
According to preliminary data, the net sales of DEKRA Group's Hungarian subsidiaries last year amounted to HUF 11 billion and the profit after tax was HUF 230 million, while this year's sales are expected to increase by 4-5%, the company said at a press conference in Budapest on Tuesday. The export turnover of the group's […]
Budapest Spas cPlc. surpassed all previous records in 2024, with annual net sales of nearly HUF 26.3 billion, up from HUF 23 billion in 2023, and a profit after tax of more than HUF 6.2 billion, compared to HUF 5 billion in the previous year, the company told MTI on Friday. They stressed that the […]
The real estate developer and real estate investment company WING increased its revenue and EBITDA (earnings before interest, tax, depreciation and amortization) in 2024, according to an investor presentation published on the Budapest Stock Exchange (BSE) website on Monday. The company increased its group-wide revenue from HUF 172.3 billion to almost HUF 198 billion last […]
Last year was an outstanding year for VERTIKAL Group, a company implementing the concept of a circular economy and operating in the environmental management, logistics and plastics industries, the company listed on BSE's Xtend platform told MTI on Friday. According to the statement, net sales increased by 67% last year compared to HUF 12.5 billion […]
Raiffeisen Bank Plc. closed last year with a consolidated profit after tax of HUF 115.9 billion, 12.3% higher than in 2023, the financial institution reported on the website of the Budapest Stock Exchange (BSE) on Monday. According to the statement, the biggest contributors to the increase in profit were a significant rise in commission income […]
The CIB Group's profit after tax increased by 14.1% to HUF 71.905 billion and its balance sheet total increased by 4.4% to HUF 3,463.21 billion in the financial year 2024, the banking group announced to MTI on Tuesday. According to the statement, the outstanding results provide a solid basis for CIB Group to significantly exceed […]
Amway, the world's leading direct selling company, achieved global sales of USD 7.4 billion (HUF 2,727 billion) in 2024, and HUF 6.1 billion in Hungary, the former down 3% and the latter up 4% compared to 2023, the company told MTI on Friday. According to the information, global sales fell last year due to the […]
MBH Bank Plc. achieved outstanding financial results in 2024, with significant growth: its balance sheet total increased by 12.6% to HUF 12,504.7 billion, and its adjusted profit after tax remained stable at HUF 236 billion, Péter Krizsanovich, Deputy CEO of the bank responsible for strategy and finance, said at a press conference in Budapest on […]
