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 […]
The consolidated sales revenue of the pharmaceutical company Gedeon Richter Plc. was HUF 203.4 billion in the first quarter of 2024, 3.0% lower than a year earlier, the pharmaceutical company announced on the website of the Budapest Stock Exchange (BSE) on Tuesday. Analysts had expected revenues to fall 3.6% to HUF 202 billion. In the […]
MOL Group delivered USD 382 mn Profit before tax in Q1 2024, amidst continued government takes and turnarounds in Downstream, the unfavorable effect of lower gas prices in Upstream, and continued strong non-fuel dynamics in Consumer Services. MOL Group generated USD 402 mn simplified free cash flow in Q1 2024, 22% lower compared to the […]
OTP Bank has further strengthened its market share and is the market leader in the region in terms of equity, and is ranked first in five countries in terms of net loans, OTP Bank Plc.'s Deputy CEO László Bencsik said at a press conference in Budapest on Friday, assessing the bank's first quarter results. László […]
Zwack Unicum Plc. achieved gross sales of HUF 31.58 billion in the first three quarters of the 2023-2024 financial year, up 3.4% year-on-year, while its profit after tax was HUF 3.2 billion, a 16.4% decrease, the company announced on the website of the Budapest Stock Exchange (BSE) on Tuesday. According to the report, net sales […]
At the end of 2023 Q3, the credit institution sector consisted of ten banking groups, eight solo credit institutions, two financial enterprises subject to prudential regulation affecting credit institutions, as well as nine branches. The decrease in the number of institutions included in the publication was caused by the consolidation of a single domestic credit […]
The 2023 January-September results released by the ANY Security Printing Company Plc. says its net sales for 2023 amounted to HUF 44.0 billion, which is higher by HUF 8.9 billion (25%) than in the previous year. Changes in case of strategic product segments were as follows: sales of security products, solutions were HUF 23.0 billion, […]
According to preliminary financial accounts data, the net financing needs of the general government in Hungary amounted to HUF 697 billion in the second quarter, or 3.8% of GDP, compared with 11.4% in the previous quarter and 1.6% a year earlier, the National Bank of Hungary (MNB) said on Friday. In the year to the […]
Hungary’s gross domestic product decreased by 2.4% according to raw data and by 2.3% according to seasonally and calendar adjusted and reconciled data in the 2nd quarter of 2023 compared to the corresponding period of the previous year, the Central Statistical Office (KSH) reports. Analysts note that this Hungarian GDP data is the third worst […]
The amount financed on the Hungarian leasing market totaled HUF 429.11 billion in the first half of the year, up 2% year-on-year, while the number of contracts decreased by 7%, the Hungarian Leasing Association informed MTI on Monday. The organization added in a statement that adjusted for last year's one-off HUF 50 billion real estate […]
OTP Group achieved consolidated adjusted profit after tax of HUF 283.940 billion in the second quarter, significantly better than analysts' expectations, exceeding the previous quarter by 52% and the year-earlier quarter by 75%, the financial institution reports. The analyst consensus was for a quarterly consolidated adjusted profit after tax of HUF 194.723 billion, which implied […]
The Hungarian oil and gas company MOL Group announced its financial results for Q2 and H1 2023 on the website of the Budapest Stock Exchange. In the first six months of the year, the Group delivered USD 1,125mn EBITDA while in Q2, the EBITDA reached USD 411mn. Both Downstream and Upstream results were hit by […]
In the second quarter of this year, Gedeon RichterPlc. achieved a profit after tax of HUF 30.0 billion, 61.1% below the same period last year, in line with analysts' expectations, the pharmaceutical company announced on the website of the Budapest Stock Exchange (BSE) on Friday. Total revenue for the quarter was HUF 203.78 billion, up […]
Inflation has led to a drop in demand for spirits both at home and in Zwack Unicum's largest export markets, while raw material prices and personnel costs have skyrocketed, the company said in its quarterly report on the website of the Budapest Stock Exchange. The company's gross sales fell by 10.9% to HUF 8.9 billion […]
In the first quarter of this year, members of the Hungarian Venture Capital and Private Equity Association (HVCA) invested a total of HUF 3.5 billion in 25 Hungarian companies in 25 transactions, compared to HUF 8.1 billion invested in 31 companies in the same period last year, the association told MTI on Monday. According to […]
