Zwack said first-quarter profit was in line with the target.
Net sales rose 5% to HUF 5.6 bln.
Material costs slipped 5% to HUF 2.1 bln.
On the other hand, operating costs climbed 16% to HUF 2.7 bln.
Zwack acknowledged a slowdown in inflation, which had caused domestic sales to decline, but said CPI continued to have “a detrimental effect” on profitability.
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