The Continental Dohányipari Zrt. achieved record revenue in 2021

By: Trademagazin editor Date: 2022. 05. 31. 11:25

The Continental Dohányipari Zrt., which owns the tobacco factory in Sátoraljaújhely, closed the strongest year of its existence in 2021: the company’s sales revenue amounted to 56.4 billion HUF, its after-tax profit was 6.4 billion HUF, the latter an increase of 20% and the latter an increase of 7% compared to 2020, the company told MTI on Tuesday.

Continental posted record sales last year

The company, which employs more than 500 people, also closed a successful year in terms of sales: sales of cigarettes, which can be seen as the engine of cigarettes and turnover, increased last year. Although less tobacco was sold than in 2020, in line with the contraction of the consumer tobacco market in general, this is due to a larger increase in the tax content of the product group compared to cigarettes and the rise of new-generation tobacco products. The company also further strengthened its international presence in 2021, with its cigars appearing in the South American market in Chile. (MTI)