Gross margin in the first nine months of 2015 increased to 61.4% from the 60.3% level reported for the same period of the previous year. The consolidated operating margin increased to 18.9% during the reported period from the 10.1% reported in the same period 2014.
Sales in the first nine months of 2015 increased by 4.9% both in forint and euro terms as compared to the same period in 2014. Sales have increased in every region, except Ukraine where sales dropped by 52.5%. Total international sales amounted to €808.8 mln in the first nine months to September 2015.
Cost of sales amounted to HUF 106.658 trillion (€345.4 mln) in the first three quarters of 2015, an increase of HUF 1.947 trillion (€6.5 mln) when compared to the same period in 2014.
Basic earnings per share totaled HUF 240 (€0.78) in the reported period, an increase of 54.8% (56.0% in euro terms), as compared to HUF 155 per share (€0.50 per share) recorded in the base period.
Richter’s share price closed at HUF 4,724 in yesterday’s trading amid increased turnover.
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.
