ADVERTISEMENT

McDonaldʼs Magyarország profits skyrocket in 2017

Retail

Revenues of McDonaldʼs Magyarországi Étterem Hálózat, which owns the 40 McDonaldʼs fast food restaurants in Hungary that do not operate as franchises, rose more than 16% to HUF 27.6 billion last year, the company told state news wire MTI.

Last year visitor numbers were up 10% in restaurants operated by McDonaldʼs Magyarország. The companyʼs restaurants serve about 80 million people a year on average, with after-tax profit growing 74% to HUF 2.9 bln last year.

McDonaldʼs Magyarország did not open any more restaurants last year, but it renovated five. This year, it will build a HUF 500 million two-story restaurant in Gyöngyös (NE Hungary).

In addition to McDonaldʼs Magyarországʼs restaurants in Hungary, an additional 49 McDonaldʼs restaurants operate as franchises. Altogether the network employs about 5,800 people.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.