Group revenue increased by 13.8% year-on-year in Q3 2024, reflecting continued growth in service revenue driven by customer base expansion and ARPU increases as well as impacts from the inflation-based fee adjustment at the Hungarian operation. Higher equipment sales and SI/IT revenue also contributed to the quarterly increase, Magyar Telekom reported on the website of […]
Office park operator Graphisoft Park SE's pro forma net profit for the first three quarters of 2024 amounted to EUR 6.18 million, up 11% year-on-year, the company announced on Tuesday on the website of the Budapest Stock Exchange (BSE). According to the executive summary of the report, this growth is partly due to the office […]
The Shopper Park Plus Group's profit after tax for the first nine months of 2024 amounted to EUR 16.1, significantly higher than the EUR 8.3 million profit in the same period of the previous year, due to a property revaluation gain, also due to new leases signed. The SPP Group's gross profit improved by 10.5% […]
Consolidated earnings at the Hungarian financial institution were HUF 826 billion profit after tax in January-September 2024 with an ROE of 24.9%; 3Q profit expanded by 19% q-o-q on the back of higher revenues and moderating impairments; 2% q-o-q organic increase in both performing loans and deposits, improving capital adequacy ratios. The Group’s cumulated profit […]
Profit before tax at the Hungarian oil and gas company MOL reached USD 503 mn in the third quarter of 2024, lower by 24% year-on-year but on track to meet annual guidance, the company reports on the website of the Budapest Stock Exchange. Main points of the report include: Chairman-CEO Zsolt Hernádi commented the result […]
The Budapest Real Estate Consultants' Forum (BIEF, BRF), which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, iO Partners and Robertson Hungary, has published its industrial/logistics real estate market data for Q3 2024. The statement points out that the total modern industrial stock in Hungary amounted to 5,292,750 sqm at the end of Q3 2024. […]
The Hungarian company PannErgy sold 163,101 gigajoules (GJ) of heat in the third quarter, 5.3% more than in the same period last year, the company said in its production report published on the Budapest Stock Exchange (BSE) website on Tuesday, while confirming the expected achievement of its consolidated EBITDA (earnings before interest, tax, depreciation and […]
The AutoWallis Group's Retail Division increased its new car sales by nearly 20% in the first nine months of the year, while used car sales grew by 32%. The Wholesale Business of the region's leading car dealer and mobility provider has been steadily increasing its sales since last autumn compared to the same quarter last […]
Hungary's GDP was boosted the most by the construction sector and real estate transactions, as well as by the balance of product taxes and subsidies, according to a report by the country's Central Statistical Office (KSH). The Central Statistical Office said Hungary's gross domestic product grew by an annual 1.5% in the second quarter of […]
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 […]
