Diego projects 16% revenue increase in 2017

Retail

Hungarian home furnishings retailer Diego projects revenues to increase by 16% to HUF 18.9 billion in 2017, the company told Hungarian wire service MTI on Tuesday.

Revenues came to HUF 16.3 bln in 2016, up 15% from a year earlier.

Diego, which started as a flooring retailer, now operates 145 units in three countries, including 32 in Romania and 17 in Slovakia.

The company plans to double the number of its units abroad by 2020, starting by opening six new stores in both Slovakia and Romania this year.

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.