Formatex sees HUF 3.83 bln revenue in 2015

Tourism

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Hungarian toy seller Formatex expects its revenue to rise to HUF 3.83 bln in 2015, an increase of around 10% compared to last year, the company told Hungarian news agency MTI on Saturday.

The holiday season accounts for about 60-70% of annual revenue, said managing director Janos Borhi, adding that sales in the holiday season could be up 8% compared to the same period last year.

Formatex has eight stores in Hungary and a market share of around 10%.

Formatex imports its products to the Czech Republic, Slovakia and Poland. Revenue from foreign markets could account for 22% of the annual total.

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