Daikin achieves sales of HUF 14.4 bln

Manufacturing

fn.artworks / Shutterstock.com

Despite the epidemic, Daikin Hungary Kft., the Hungarian representative of the Japanese brand Daikin, which manufactures and distributes heating, ventilation, and air-conditioning equipment, achieved sales of HUF 14.4 billion in the 2020 financial year from April 2020 to March 2021, according to business daily Világgazdaság.

With a growth of almost 25%, Daikin Hungary was the largest growth subsidiary in the region among the member companies of Daikin Central Europe, and the turnover growth was also one of the largest in the last 20 years.

In addition to revenue, the number of employees also increased by about 5%.

Despite the significant increase in sales revenue, the company's profit practically stagnated at HUF 225 million, mainly due to changes in the exchange rate and the increase in labor costs in the construction industry.

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75% MNB

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Spar Magyarország Revenue Climbs Close to 16% in 2023 Retail

Spar Magyarország Revenue Climbs Close to 16% in 2023

Hungary Launches HUF 15 bln Tourism Sector Support Program Tourism

Hungary Launches HUF 15 bln Tourism Sector Support Program

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.