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Euronics revenue may grow to Ft 38 bln

Hungarian-owned electronics retailer Euronics Kft expects net revenue of Ft 38 billion this year, up from Ft32.6 billion in 2004, the company said yesterday. Over the last three years, Euronics has generated annual profits of about Ft 1 billion, of which it has reinvested 90%. And the company aims to repeat this for the next four to five years, said Zsolt Fazekas, one of the company's directors. Entertainment electronics account for about 36.5% of Euronics sales, and home appliances make up 39%. (Econews; NG 5, Nv 5, MH 12)