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Revenue of 77 Elektronika triples in five years

Hungarian-owned medical equipment manufacturer 77 Elektronika had nearly HUF 31 billion revenue last year, a more than threefold rise in five years, the company told state news wire MTI.

Revenue growth at the company was mostly realized through exports. Foreign sales expanded by more than 10% in 2018 to HUF 24 bln. The company exports its products to more than 100 countries, its main markets being the EU, the United States, China and Brazil.

The company invests around 8-9% of its revenue back into developing new products and technologies. The 77 Elektronika group has 720 employees, according to MTI.