Another 50 dynamically growing companies have been added to the BÉT50 publication series

By: Trademagazin Date: 2023. 10. 26. 11:45

Another 50 successful and dynamically growing Hungarian companies have been added to the BÉT50 publication series, which is now being published for the eighth time, and with this the “Fifty Club” that unites the small and medium-sized business community of the Budapest Stock Exchange (BÉT) has increased to 400 members – the BÉT informed MTI on Thursday.

According to the announcement, the purpose of the BÉT50 publication is to draw the attention of the economic sector and the public to domestically owned companies that provide outstanding performance and are competitive at the international level.

The members of the community are selected every year by BÉT together with its professional partner – this year with the international auditing firm EY – taking into account the companies’ financial indicators, current market situation and future vision.

According to the data on the BET website, the combined sales revenue of the half a hundred companies included in this year’s publication exceeded HUF 620 billion, the average EBITDA (earnings before interest, depreciation and tax) margin was 17 percent, and the number of employees was 25,000.