Domestic sales reached HUF 7.2 billion and exports were close to HUF 200 million.
The Hungarian business is cutting costs and taking steps to boost its market share to counter the drop in demand, rolling out new services and products.
Managing director Béla Markovich said the second quarter could bring a "small-scale" improvement as household demand picks up amid lower utility costs, while investments could gain impetus if Hungary's European Union funding is unlocked.
Mapei Kft.'s net sales climbed 21% to HUF 33.5 bln last year.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
