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 […]
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 […]
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% […]
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 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 […]
The Hungarian pharmaceutical company Gedeon Richter Plc. presented its results for the year 2022 this Tuesday. The report caused a price drop on the stock market, as it turned out that the always massively profitable company turned loss-making in the last quarter of the year (due to the special tax and the exchange rate change). […]
As result of the negative economic effects also in connection with construction industry and shrinking markets the building insulation materials firm Masterplast's sales decreased by 17% in Q4 compared to the base period, the company has reported on the website of the Budapest Stock Exchange. Despite that, during base quarter, Masterplast with strategic inventory had […]
In 2022, with a rental revenue of EUR 15.54 million, the Budapest industrial park Graphisoft Park achieved a pro forma net result of EUR 6.02 million, which is more than EUR 400,000 higher than the forecast published last November and 24% higher than our previous year's result. According to the company’s quarterly report published on […]
MOL Group announced its financial results for Q4 and full year 2022 on the website of the Budapest Stock Exchange. Despite the unprecedentedly turbulent external environment, MOL Group generated USD 1.074 billion in the fourth quarter of 2022, bringing full-year EBITDA to USD 4.702 billion. Upstream and Downstream together provided 95% of this result in […]
Duna House Group closed the third quarter (Q3) 2022 with 120% year-on-year growth in revenues to HUF 8.4 billion and 60% increase in EBITDA to HUF 904 million, the Group has announced on the website of the Budapest Stock Exchange. Following the strong results of Q2 2022, the Group`s core profit lines have declined from […]
Alteo Group, active in the energy sector, achieved consolidated revenues of HUF 62.7 billion in the first three quarters of this year, up 116 % compared to the same period last year, while its profit after tax increased by 128 % to HUF 11.2 billion in the same period, the energy services and trading company […]
The Hungarian construction material production company's sales increased by 9% in Q3 compared to the base period – in economic recession fears environment – driven by strong sales performance related to insulation products. A statement published on the website of the Budapest Stock Echange highlights that the impact of increased inventory levels at higher prices […]
The rental revenue for the first three quarters of 2022 reached EUR 11.59 million, and the pro forma net profit reached EUR 4.31 million, which is about 6% and 18% higher than the same period of the previous year respectively, according to the third quarter report published by the Budapest industrial park Graphisoft Park. The […]
The AutoWallis Group is continuing its path of growth after all business units experienced double-digit growth in all areas in the first nine months of the year, with sales in many areas already higher than last year as a whole. This means that the crisis-resistant strategy of the Group, present in 14 countries in the […]
PannErgy Plc. sold 201,100 gigajoules of heat in the third quarter, 38.9% more than in the same period last year, the company said in a production report published on the Budapest Stock Exchange (BSE) website. According to the information, the outstanding performance was due to a cooler-than-average September and continued investment in efficiency, operational safety […]
