Vajda-Papír Group Turnover Doubles
Image by Shutterstock.com
Turnover of Vajda-Papír group, Hungary's biggest maker of hygienic paper products, doubled last year, but higher energy prices weighed on profitability, the company said in a press release on Friday, according to a report by state news wire MTI.
The combined turnover of Vajda-Papír group's plants in Hungary and Norway climbed over HUF 80 billion. The revenue of the Norwegian unit came close to HUF 20 bln.
Energy costs rose 70%, or HUF 17 bln, and feedstock prices climbed, too, reducing EBITDA to HUF 1.4 bln.
A year earlier, the group had revenue of HUF 57 bln and EBITDA of HUF 2.7 bln.
Sales volume increased by 12% in 2022.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.