Companies calculate with more moderate financial results

Financial expectations of Hungarian enterprises muted a little in comparison with the beginning of the year. On average they calculate with a 6.3-percent sales growth and a 3.8-percent increase in their profits – reveals K&H’s latest SME confidence index. László Németh, the head of K&H’s SME marketing division told our magazine that these data still mean a better performance than the 4-5 percent of the last few years. Micro enterprises expect a 6-percent sales growth, small businesses calculate with plus 6.8 percent and medium-sized enterprises expect a 6.2-percent growth. As for the various sectors, industrial firms hope for a 7.4-percent sales growth and agricultural businesses calculate with a 6.7-percent expansion. In the history of the index the highest-ever proportion of companies, 86 percent forecast an increase in their profits in the next twelve months. The average expectation is plus 3.8 percent – down 0.3 percentage points from the previous quarter.