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SAP Hungary revenues up 20% in 2016

The Hungarian unit of business management software company SAP had revenues of HUF 28.5 billion in 2016, up 20% from the previous year. Revenues increased by 22% in 2015, according to state news wire MTI.

SAP Hungary projects further revenue growth in 2017, Managing Director Balázs Ablonczy said during the companyʼs three-day conference in Siófok on Monday. Exports account for almost half of total revenues, and the ratio of exports is expected to increase further this year, he added.

The share of the SME sector within total sales is growing, with revenue from new sales up 20% in this segment, Ablonczy said. SAP Hungary is digitalizing the HR processes of companies such as the Bonafarm Group, state-owned electricity works MVM and gas distributor Főgáz, he noted, adding that the number of state sector orders also continued to rise last year.

SAP Hungary employs more than 1,000 people.