McDonaldʼs Magyarország profits skyrocket in 2017
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.
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