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.
ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan
Hungary to Address Future of Cohesion Policy During EU Presi...
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.
