Revenue rose 20% to HUF 107.3 billion.
The wholesale division posted a 3% increase in revenue to HUF 49 bln, while the retail segment saw a 40% jump to HUF 56.3 bln. Turnover from mobility services surged 38% to HUF 2 bln.
The cost of goods sold climbed 21% to HUF 88.7 bln, and personnel expenses rose 45% to HUF 6 bln. Vehicle sales edged up 1.8% to 11,814 units.
The company attributed the EBITDA decline of 31% to HUF 3.3 bln and a 55% drop in earnings per share to HUF 1.21 to a challenging operating environment, including market uncertainties linked to customs and rising fixed costs aimed at supporting growth.
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.
