Are you sure?

Getronics plans 10% revenue rise in Hungary

Getronics plans to raise revenue by 10% and expand staff numbers in Hungary based on rising orders for its Budapest service centre from Western Europe and on the growth of Hungarian industrial companies.

The company also expects momentum from Hungarian government projects under a recently announced digital renewal action plan.

The combined revenue of Getronics's two Hungarian units, Getronics Magyarország and the regional service centre, servicing Western-European customers located in Budapest, fell HUF 1 billion last year to HUF 12 billion, Getronics Magyarorszag managing director Peter Ratkai told MTI.

Revenues from Hungary made up HUF 9 billion of the HUF 12 billion total, he said. Getronics Magyarorszag had an EBITDA rate of 8%, meeting the level expected by the parent company, he said.

The expectations of the parent company have shifted to revenue growth from improving profitability, Ratkai said, adding that they will be able to meet these expectations as they did the earlier ones.

The support centre started to rise from a bottom last summer and it raised its staff number by 40 in Q4. The number of all Getronics employees in Hungary rose back to exceed 300 as a result. (Econews)