As a result of the significant decline in the construction market and lower demand, the building insulation materials firm Masterplasts's revenue decreased by 27% compared to base in the first quarter. According to the company report published on the website of the Budapest Stock Exchange, in the sharply competitive market, Materplast was only able sell […]
Group revenue grew by 12.5% year-on-year in Q1 2023, thanks to continued strong demand for mobile data coupled with further increases in broadband revenues and higher system integration and IT revenues, the telecom service provider reported on the website of the Budapest Stock Exchange. Gross profit improved in line with revenue trends, growing by 13.1% […]
Hungary’s OTP Group posted a better-than-expected consolidated profit after tax of HUF 194.7 billion in the first quarter, compared to a profit of HUF 115.1 billion in the previous quarter and a loss of HUF 33.4 billion a year earlier. OTP Bank Plc. announced on the Budapest Stock Exchange (BSE) website on Wednesday that the […]
In the first quarter of the year, Erste Bank posted a profit after tax of HUF 6.3 billion, compared to a loss of HUF 1 billion a year earlier. The extra profit tax, the interest rate freeze and the extra payment due to the Sberbank bankruptcy amounted to HUF 38 billion, which together resulted in […]
The total modern industrial stock in Hungary was 4,729,935 sqm at the end of Q1 this year. The stock in Greater Budapest reached 3,241,150 sqm, while a further 1,488,785 sqm of industrial space is located in Regional Hungary. Due to the annual size revision, the stock grew by 5,815 sqm, additionally three previously not registered […]
In March 2023, the Hungarian real estate market closed the quarter with 7,787 sales transactions, marking a 25% increase compared to February and the best month of the first quarter. Even so, the gradual increase in the number of transactions still resulted in only 19,893 sales in the quarter, the weakest first quarter performance in […]
The real estate Duna House Group achieved record volumes in 2022 by the Italian expansion. The dramatic decline in volumes in Poland and Hungary in 2022 was halted by the end of the first quarter of 2023, with already a quarterly increase in Poland and a turnaround in Hungary in March 2023. The Group says […]
