Alteo Group’s revenue up 83% in 2015

Telco

Hungarian-owned energy company Alteo Group saw revenue rise by 83%, while the company’s EBITDA was up by 91% last year, as compared to the preceding year, according to a press release issued today.

The company said that last year was the most successful to date for Alteo Group, which closed the year with a revenue of HUF 10.7 billion and HUF 1.17 bln in net results. The company noted that last year it closed one of the largest domestic transactions in Hungary of the past few years. 

“The outstanding success of the company last year is chiefly due to Sinergy’s successful integration. … Numbers already show that purchasing Sinergy was a good decision,” Alteo Group CEO Attila Chikán Jr. said.

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