K&H: SME Outlook Improved

Banking

The profit expectations and investment intentions of Hungarian micro, small, and medium-sized enterprises improved somewhat in November last year compared to the previous quarter, while their sales forecast stagnated according to the latest survey of the K&H SME confidence index, according to hrportal.hu.

According to the bank's announcement on Monday, the research summarizing the expectations for the next 12 months shows that companies expect an 8.6% increase in sales and a 4.4% increase in profit.

The expected increase in income has not changed since the previous quarterly survey, while the profit expectation increased slightly compared to the previous 3.3%. 

According to Zoltán Rammacher, head of marketing and sales support at K&H SME, the expectation of financial results also increases in parallel with the size of the company. 

Micro-companies expect below-average sales growth of 7.8% and 3.7% profit, small businesses expect sales revenue growth of 8.9% and profit growth of 4.5%, while medium-sized companies expect sales revenue growth of 11.8% and profit growth of 7.4%.

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