Revenue dropped 21% to HUF 57.7 bln, while margins improved slightly as the direct cost of sales fell 22% to HUF 48.5 bln. Gross profit slipped 15% to HUF 9.3 bln.
Rába recorded a HUF 1.6 bln financial loss, compared to a HUF 600 mln gain in the base period, primarily due to an unrealized loss from revaluing non-cash borrowing impacted by a stronger euro at the period’s close.
Chairman-CEO Béla Hetzmann said expectations of a boom in the automotive industry were cause for optimism in 2025, adding that efficiency measures and development efforts had positioned the company to “make maximum use” of future market opportunities.
State-owned N7 National Defense Industry Innovation Company holds a 54.34% stake in Rába, while the foundation managing István Széchenyi Uni versity owns 20%.
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