Euronics revenue climbs 20% in H1

Retail

pr

Revenue of Hungarian-owned electronics retailer Euronics rose 20% to close to HUF 36 billion in the first half of 2021 as demand in electronics products increased with the restart of the economy, the company operating the chain in Hungary said on Monday, according to a report by state news wire MTI.

Sales of Euronics' webstore were up 60% from a year earlier, Vöröskő said.

Based on the results so far, the company projects 10% revenue growth this year from HUF 64 bln in 2020. 

Vöröskő had profits of HUF 747 million in 2020, public records show.

It spends more than HUF 320 mln this year on raising wages by 7% on average for the almost 700 workers employed at its stores and a loyalty bonus for those with at least six months of employment, the company said.

ADVERTISEMENT

Hungary's GDP drop in 2020 slightly better than OECD total r... Analysis

Hungary's GDP drop in 2020 slightly better than OECD total r...

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

Gábor Király named managing officer of Dentons Budapest Appointments

Gábor Király named managing officer of Dentons Budapest

BKK introducing single digital tickets City

BKK introducing single digital tickets

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.