Energy drinks contributed the most to the growth in sales over the past five years, while the most dynamically growing product categories were iced coffee and XIXO products. Sales volume was down a fraction at 1.423bn units.

Material costs increased at a slower pace than sales, growing by 6.5pc to HUF 144.3bn. Operating income was however down at HUF 17.5bn from HUF 20.3bn. The commissioning of the HELL Industrial Park was cited as a factor causing a significant increase in costs.

After-tax profit fell to HUF 12.6bn from HUF 19.8bn.

The average number of employees in the group last year was 1,326, an increase of 104 compared to the previous year. The shortage of labour supply and rising wages pose a serious challenge for the company and its subsidiaries, Hell Energy said.

Photo: hell.hu

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

*********************************************************************************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 

Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Showcase Your Business to Expats in the Loop:

As an independent portal we’re grateful to all commercial supporters who help keep you in the loop with fresh insights and inspiration. Do you want your business to reach tens of thousands of potential high-value expat customers? If so please contact us here.