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Zwack Unicum: Higher Turnover, Lower Profit

D&T
Feb 6, 2024

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 […]

Hungarian Banking Sector Assets Value Up on Q2

D&T
Dec 5, 2023

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 […]

ANY Printing Company Increased Its Exports

D&T
Nov 17, 2023

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, […]

General Government Financing Needs: 3.8% of GDP

D&T
Aug 18, 2023

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 […]

Economic Performance Down by 2.4% in Hungary in Q2

D&T
Aug 16, 2023

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 […]

Hungarian Leasing Market Up 2%, Contracts Down 7%

D&T
Aug 14, 2023

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: Q2 Results Much Better Than Expected

D&T
Aug 10, 2023

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 […]

MOL Group Reports Stable Operations

D&T
Aug 4, 2023

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 […]

Richter's Revenue Increased, Profit Decreased

D&T
Aug 4, 2023

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 […]

Zwack: Price Increase and Lower Sales

D&T
Aug 3, 2023

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 […]

Venture Capital Investment Down in the First Quarter

D&T
Jul 3, 2023

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 […]

Substantial Revenue Growth at Duna House Group

D&T
Jun 1, 2023

Duna House Group`s revenue grew by 143% to HUF 9.4 billion and EBITDA increased by 47% to HUF 832 million in Q1 2023 compared to the previous year. Management believes that the current quarter was the low point of the market decline since mid-2022 and expects an improving trend in the Group’s core results in […]

Gedeon Richter Reports Increased Profits

D&T
May 12, 2023

Quarterly operating profit growth was 10.1% without FX effects driven by favorable changes in the product portfolio mix and a relatively slower increase of operating expenses, the pharma company Gedeon Richter reports. In addition, no windfall tax was recorded in 2022 Q1. Excluding FX effects Richter’s gross profit increased by 15.3%, driven by a 17.4% […]

Positive Growth Outlook at Duna House Group

D&T
Apr 11, 2023

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 […]

Duna House Revenue and EBITDA Up Significantly

D&T
Feb 28, 2023

Duna House Group`s revenue grew by 89% to HUF 8.9 billion and EBITDA tripled to HUF 1.6 billion in Q4 2022 compared to the previous year. For the full year 2022, consolidated revenue doubled to HUF 30.3 billion and EBITDA jumped by 120% to HUF 4.4 billion, the company reported on the website of the […]

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