SMEs Augur Higher Sales, Profit Next Year
The domestic SME sector is planning slightly higher sales and profit growth compared to the beginning of the year, with an average increase of 8.6% in revenue and 4.4% in profit likely in the next year, according to the second quarter 2023 survey of the K&H SME Confidence Index, writes profitline.hu.
According to the announcement, the not-very-encouraging financial expectations also hold back the investment intention. Some six out of 10 companies plan development in the next year, mainly IT investments.
Zoltán Rammacher, head of marketing and sales at K&H SME, said, "The rate of expected revenue growth has hardly changed over the past year, and in terms of profit, there has also been a small correction compared to the 3.3% of the previous quarter."
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