The oil and gas group Group MOL has disclosed its financial results for the full year as well as the fourth quarter of 2024. The normalization continued in the industry, which led to 23% decrease in profit before tax in 2024. Full-year 2024 organic investments increased by 16%, primarily due to higher sustaintype CAPEX in […]
The Shopper Park Plus Group's profit after tax for 2024 was EUR 24.9 million, significantly higher than the profit of EUR 11.4 million in the same period of the previous year. The SPP Group's gross profit improved by 13.8% in 2024 compared to the previous year, driven by both an increase in rental income and […]
The AutoWallis Group sold close to 8% more vehicles in 2024 compared to 2023, marking yet another strong year, the company announced on the website of the Budapest Stock Exchange. The number of vehicles sold by the group increased by 7.7% to reach 48,386. The Retail Business Unit saw the greatest increases, growing new vehicle […]
Mercedes-Benz sales declined last year, mainly due to the sale of around a quarter fewer all-electric cars. The Mercedes-Benz Group sold 625,800 cars and commercial vehicles in the fourth quarter of 2024, 2% fewer than a year earlier. And the group's annual sales fell 4% to 2.389 million. Passenger car sales in the fourth quarter […]
The management company of the Hungarian capital's Ferenc Liszt International Airport, Budapest Airport ended 2023 with a net profit of EUR 74 million on net revenues of EUR 337.8 million, and over the past two years, it has reduced its losses accumulated under the new coronavirus epidemic to EUR 47 million. The company says it […]
OTP Bank surpassed all its previous results last year, and will continue the construction and expansion in the coming years, Sándor Csányi, Chairman and CEO of OTP Bank, said at the company's Annual General Meeting in Budapest on Friday. The CEO stressed that the company is the market leader in five countries and has a […]
2022 was a good year for Yettel Hungary: the telecom operator's revenue grew at a double-digit rate to EUR 615 million in accordance with international accounting standards, while its profit after tax was slightly lower at EUR 6 million, József Takács, Deputy Chief Financial Officer of Yettel Hungary, said at a press briefing on Tuesday. […]
CIB Group closed the 2023 financial year with record profits, with profit after tax reaching HUF 63.9 billion, up nearly 80% year-on-year, the financial institution told MTI on Tuesday. As the statement highlights, CIB Group's net operating income amounted to HUF 169.6 billion, up from HUF 135.6 billion in the previous year, while profit before […]
Audi Hungaria Plc.'s sales revenue increased by 7.9% last year compared to 2022, it was announced on Tuesday in Győr at a press conference presenting the results. Last year, the company achieved sales revenue of EUR 9.102 billion (HUF 3,602.4 billion), which is EUR 666 million (HUF 263.6 billion) more than in the previous year. […]
The Hungarian-owned Hotel & More Group, an independent hotel operator, doubled its revenue in 2023, and expects double-digit growth this year, the group told MTI. According to Balázs Klemm, the owner-CEO, this year can be an extremely good year for Hungarian hotels, thanks to the exceptionally high number of seven long weekends, while a significantly […]
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 […]
Erste Group achieved an operating profit of EUR 5.5 billion in 2023, up 38% year-on-year, according to a preliminary profit outlook, the company said on its website on Thursday. The cost/income ratio improved to 47.6% from 53.4% as operating income growth outpaced operating expenses. Loans rose 2.8% year-on-year from EUR 202.1 billion to EUR 207.8 […]
Accor, the world's leading hotel group, achieved a record high EBITDA (earnings before interest, taxes, depreciation and amortization) of more than EUR 1 billion in 2023, and also closed a successful year in Hungary, the company told MTI on Friday. Accor achieved a record high result in 2023, with EBITDA crossing the EUR 1 billion […]
JYSK's turnover in the 2022/23 financial year ended August increased by 6.3 percent to DKK 38.5 billion (EUR 5.2 billion), a new record for the global home furnishings company, with the number of customers in its more than 3,300 stores in 48 countries increasing by 1.2 million, the company told MTI on Tuesday. The statement […]
Market Építő Plc.'s turnover last year exceeded HUF 308 billion, while the overall profit per parent company of the building construction company was HUF 25.731 billion, the company announced on the Budapest Stock Exchange (BSE) website on Friday. According to the report, net sales increased by HUF 11.763 billion to HUF 308.880 billion. The overall […]
