Net sales revenue rose 23% to HUF 11.8 billion.
Domestic sales reached HUF 1.9 bln, while the Italian business generated turnover of HUF 6.8 bln and revenue in Poland came to HUF 3.1 bln.
EBITDA rose 41% to HUF 1.8 bln.
Duna House noted that its loan brokering business generated 83% of EBITDA, while foreign units accounted for 72%.
Earnings per share came to HUF 34.5.
Duna House’s management affirmed guidance for HUF 2.9 bln-3.6 bln of adjusted core net profit for the full year, adding that rate cuts in Italy and Poland were expected to drive demand in those markets, while a subsidised loan scheme for first-time home buyers would lift the domestic market.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
