MVM revenue rises 6% in 2015

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Revenue of state-owned Hungarian Electricity Works (MVM) rose 6% to HUF 1.267 trillion last year, the company said today, according to Hungarian news agency MTI. Group-level EBITDA was up 4% at HUF 107 billion.

Chairman-CEO PĂ©ter Csiba said MVM is looking to double its EBITDA by 2020. 

As part of the companyĘĽs medium-term strategy MVM is focusing on entering new markets, growing its regional presence, expanding its range of services and raising its renewable energy-based production. It also wants to support domestic innovation and long-term energy security, while improving efficiency and making its business more customer-oriented.

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