MBH Bank closed the first quarter with a stable high profitability: its total assets grew by almost 8.8% year-on-year to more than HUF 12,824 billion, the adjusted pre-tax profit of the banking group amounted to HUF 67.9 billion, and its adjusted return on equity reached 20.5%, the company told MTI on Wednesday. They added that […]
Despite a volatile macroeconomic environment, AutoWallis Group increased its revenue by more than 20% to reach HUF 107 billion in the first quarter while the company’s EBITDA dropped to HUF 3.3 billion, primarily because of the unfavorable operating environment. This record revenue was primarily driven by recent acquisitions and business development initiatives, the company says […]
The consolidated revenue of Gedeon Richter Plc. was HUF 224 billion in the first quarter, up 10% year-on-year, the pharmaceutical company announced on the website of the Budapest Stock Exchange (BSE) on Tuesday. The company posted a profit after tax of HUF 68.1 billion in the first quarter, similar to the previous year. According to […]
The Shopper Park Plus Group's first quarter 2025 profit after tax was EUR 10.5 million, significantly higher than the profit of EUR 4.4 million in the same period of the previous year, the Group has announced on the website of the Budapest Stock Exchange. The profit was largely based on the revaluation gain on Slovakian […]
OTP Bank's consolidated adjusted profit after tax for the first quarter was HUF 188.576 billion, 21% lower than in the same period last year, ahead of the average expectations, the largest Hungarian financial institution has reported on the website of the Budapest Stock Exchange. Several special negative items weighed on the Q1 profitability, as the […]
MOL Group announced its financial results for the first quarter of 2025. MOL Group delivered USD 546 mn Profit before tax in Q1 2025, an increase of 23% year-on-year, the oil and gas company has announced on the website of the Budapest Stock Exchange. All key business segments improved their performance despite the economic slowdown, […]
The volume of Hungary’s gross domestic product stagnated according to raw data and was 0.4% lower according to seasonally and calendar adjusted and reconciled data in the 1st quarter of 2025 than in the corresponding period of the previous year, the country’s Central Statistical Office (KSH) reported on Wednesday. Compared to the previous quarter, the […]
PannErgy sold 670,000 gigajoules (GJ) of heat in the first quarter, 2.6% ahead of plan and 3.8% ahead of last year's first quarter, the company said in a production report published on the Budapest Stock Exchange (BSE) website on Wednesday. A summary by MTI says the geothermal system in Miskolc sold a record 328,000 GJ […]
The AutoWallis Group’s Retail Business Unit increased new vehicle sales by 13% thanks to international acquisitions closed last year, while the Distribution Business Unit’s sales showed a year-on-year decrease in the first quarter, mainly due to one-off effects. The regional car sales and mobility service provider’s used vehicle sales skyrocketed, showing growth of more than […]
Real-estate intermediation volumes reached again an all-time high record, growing 15% y-o-y and +2% q-o-q. Financial intermediation volumes hovered close the record levels of previous quarter with 11% y-o-y growth (-2% on quarterly basis), the real estate broker Duna House has reported on the website of the Budapest Stock Exchange. Italian loan intermediation volumes grew […]
In the fourth quarter of 2024, RÁBA Automotive Holding Plc., based in Győr, NW Hungary, took major steps to adjust to the challenges of the global automotive industry, the company announced this Tuesday. The report says the Rába Modernization Program continues to be in the focus of attention through numerous technological developments key to increasing […]
The real estate group Duna House had a strong finish in 2024: key volumes exploded to all-time highs in the last quarter sustaining significant y-o-y growth (financial intermediation volume increased by 17% and network commission revenue by 24%), while growing also on quarterly basis (+14% and +16%, respectively), the Group has announced on the website […]
CEE investment volumes hit EUR 5.0 billion in the first three quarters of 2024, up 24% year-on-year. This aligns with European and global market rebounds after a slow 2023. Year-end volumes may reach EUR 7.0 - 7.5 billion, about 30% below the 10-year average, Colliers reveals in its latest “Q1-Q3 CEE Investment Scene” report. Silviu […]
ANY Security Printing Company Plc. has released its 2024 January-September results, according to which its net sales first three quarters of this year amounted to HUF 52.8 billion which is higher by HUF 8.7 billion (20%) than in the previous year. A summary of the report says that changes in case of strategic product segments […]
The AutoWallis Group achieved record Q3 revenue, the main driver of which continues to be the Retail Business Unit with its above market average growth of 16%. The revenue of the Group, present in 16 countries in the region, grew to HUF 291 billion and its EBITDA topped HUF 14 billion. The AutoWallis Group increased […]
