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Earnings increased significantly, well above inflation!
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The annual report is now public. The company had a turnover of around SEK 20.5 million, 18.4 per cent more than in 2022. Profit before tax is higher than the previous year, just under SEK 1.9 million against around SEK 600,000.
According to the analyst of the Macronome Institute, inflation is expected to be below 5 percent on an annual average this year, and thus, taking into account the recent KSH average earnings data, real wage growth of up to 7 percent is expected in the Hungarian economy as a whole in 2024.
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