Vajda-Papír achieved an improvement in results and an increase in turnover in 2023
Hungary’s leading hygienic paper manufacturer, Vajda-Papír, achieved a record profit in 2023, both in absolute terms and in relation to sales, so it ended last year with an outstanding result, an increase in turnover and a significant improvement in earnings, as expected.
According to Attila Vajda, the founder and managing director of the company group, behind the favorable results are the reduction of energy prices, the improvement of their productivity, as well as the investments that reduce the company’s energy needs, the innovations and, thanks to this, the increasing efficiency. Attila Vajda expects an increase in turnover and a further improvement in profitability in 2024 as well, but the company group will have to face new challenges, as pulp prices began to rise slowly from the second half of 2023, which continued in the first quarter of 2024. The results of the first quarter of 2024 were similar to those of the fourth quarter of 2023, continuing the positive trend. The company manager also reported that the previously slowed down investments may pick up, in 2024 they plan to strengthen the company’s foreign market positions and make another capacity-enhancing investment, further improving the company group’s medium- and long-term prospects.
Related news
How can we keep our food fresh even in the heat?
It is well known that food spoils faster and more…
Read more >Nébih: the majority of anti-parasitic preparations for cats passed the tests
During the summer seasonal inspection, the experts of the National…
Read more >The BrauBeviale 2024 exhibition is being prepared with valuable novelties
BrauBeviale 2024 once again offers visitors many exciting programs with…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >