Széles acknowledged a modest decline in turnover, for the first time since 2009, but said the Hungarian-owned company was “doing well enough” in light of the economic situation in Europe and was “optimistic looking ahead”.
He noted that Videoton’s headcount had changed little over the past 10 years, while its revenue had climbed, supported by improved productivity. Co-CEO Péter Lakatos said a downturn in demand could be addressed with a geographical expansion, a broader palette of services, and entry into new branches of industry, such as aviation, defense and medical technology.
He added that turnover could fall in 2025, too. Co-CEO Otto Sinko said a “difficult year” was ahead, but Videoton did not expect to make layoffs.
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