Fastron Hungária revenues climb almost 10%

Telco

Revenues of Fastron Hungária, a domestic manufacturer of inductive components and precision sheet metal products, rose by almost 10% to HUF 6.5 billion last year, Managing Director Károly Mayer told Hungarian news agency MTI today.

This year, the company targets revenues of around HUF 6.8 bln, Mayer said. The headcount is expected to reach 620 with new hires, he added.

Last year, staff numbers rose from 498 to 540, while Fastron invested HUF 1.2 bln in a new production hall of nearly 8,000 square meters at its site in Tolna, southern Hungary.

Online economic news site vg.hu cites Mayer as saying that while the firmʼs product structure has not fundamentally changed, revenues from automotive products have grown.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.