We proudly present to you that the 2018 publication is completely available now on our website. Read and enjoy all the inspiring stories of the hidden treasures of the Hungarian economy.
Click the gallery image, read and enjoy all the inspiring stories of the hidden treasures of the Hungarian economy.
For the corn processing company Agri-Corn Kft., future plans primarily focus on increasing export. If everything goes according to plan, its exports will double in three years. AImotive, participating in automotive industry reforms with an investment of approximately HUF 10 billion and soon to have four international offices, offers a completely Hungarian developed software system with independent hardware and artificial intelligence solutions. DORSUM INFORMATIKAI FEJLESZTŐ ÉS SZOLGÁLTATÓ ZRT. Dorsum Informatikai Fejlesztő és Szolgáltató Zrt., which started 22 years ago in a bachelor flat in Budapest, now has 250 permanent employees (if we count the subcontractors, then the number of employees leaps up to 300). The company and its products are now known from London to Dubai. Barion offers online shops a quick, cheap, and simple payment platform, a competitive alternative to Stripe or PayPal. Originally a spin-off company of what was an IT-oriented SME at the time, Sense/Net, it has taken only a few years for this Hungarian start-up to become more successful than its mother company. The young manager of Béflex, a manufacturer of illuminated advertising panels, modern shop equipment, roof advertising signs and huge digital printers for buildings and shopping malls, expects revenues of HUF 4 billion and at least double this year’s profit margin by the end of next year. Mr. László Bárán expects that by that time, half of the turnover will be generated abroad. Coming into work each morning to the scent of jam and freshly baked pastries – what’s not to love? This the sweet life that the owners of Benei és Társa Kft. know and love. Dressed in factory workwear, they take their places by the production line, personally supervising the legendary quality of their confectionery products – a hundred-year-old family tradition. The manufacturer of Avemar is launching a new product on the market. The anti-enteritis agent – also made of wheat-germ extract – can expect almost limitless market opportunities. BlackBelt’s IT solution delivers customised management systems to corporations – quick and dirt-cheap. Today, this solution is responsible for only one-third of their turnover, but their JUDO solution could make them a serious international player in the future. Attila Tóth regards his nearly 30-year-old business as an intellectual workshop, which is also expressed by its name: CÉH Planning, Investment, and Development Plc. As a community of people who think and do the creative work together, they were able to emerge even stronger from the crisis that hit the entire construction industry. Cerbona is one of the big winners of the transformation of the Hungarian cereal industry. The company is the market leader in Hungary, therefore their goal is to achieve the greatest foreign expansion possible. It’s not science fiction, though it sounds like it: concurrently with industrial processes, the workforce is also becoming digitalised all around the world. The founders of CodeCool believe that, as anybody can learn to read and write, you don’t have to be a math genius to become a programmer: the opportunity is there for former liberal arts students, police officers, pianists, but also career starters who want a “future-proof” career. A family business with more than half a century’s experience in air conditioning and air engineering is a rare indeed. The secret to their success, however, required more than just a solid base of experience and competence – it also took good business acumen. In today’s Hungary, one out of ten air conditioners comes from Columbus Klíma, a company that has its headquarters in Nagytarcsa, Hungary. The management of CyBERG Corp. is convinced that their company is set to become a global IT giant. Although they are currently working on creating an international restaurant franchise, their business model will later be based on digital services sold through the restaurants’ touchscreens. The formula is simple. If you look at your energy bill, it has two main items on it: quantity and unit price. The mission of the CYEB Group is to cut energy consumption by making corporate production processes more efficient and to reduce the unit price through its energy trading services. This works quite well. The most important goal of DM-KER Kft. is to increase its share on the market of agricultural machines, besides its major position on the market of construction machines. In addition to the sales of machinery, the company has gained its prestige through the sales of high-quality parts and servicing, and sees its revenues growing dynamically each year. Instead of poor quality mass-produced products, Félegyházi Pékség established its reputation with high quality bakery products, and then started to actively build up its own brand. This Hungarian multigenerational family business had a total revenue of HUF 7 billion in 2017, a total headcount of almost 1,000, and nearly 90 own shops all over the country. They achieved all that by saving a mass production bakery from perishing, and then considerably extending it in the early 2000s. This metalworking enterprise that has been in business for 27 years started out at Tápiószőlős, in the garage of a home. At the time of the regime change in Hungary, Zoltán, the son of Ferenc Bíró, joined the company. Now Zoltán’s two daughters, both in their twenties, are continuing this three-generation family business. Károly Palásti was forced to start his own business, a plastic galvanising plant. Today, however, he thinks that there is no major car manufacturer they are not supplying. Gamma Digital Kft., a two-decade-old industrial automation company, deals with system integration and develops self-driving forklift operating systems and customised control engineering data collection systems. The 100% Hungarian company is committed to Industry 4.0. It designs and implements cutting-edge solutions for the pharmaceutical and automotive industries, and for intralogistics. Due to the results they have achieved, the management of this medium-sized enterprise with 120 employees has recently been contacted by both Hungarian and international investors. It was at the turn of the millennium that Katalin Pintér took over management duties at the renowned Gerbeaud café. Breathing new life into the somewhat neglected enterprise, the catering expert went on to open Gerbeaud cafés in major cities around the globe. Also owned by the company are Onyx, a restaurant that earned two Michelin stars, and Émile on the Buda side of the Hungarian capital. GLOSTER INFOKOMMUNIKÁCIÓS KFT. Viktor Szekeres, the owner of Gloster, started from nothing to build up his medium-sized IT & telecommunications company that now has a turnover of HUF 1 billion. Szigethalom is the hometown of the widely known Hungarian cosmetics product range: Helia-D. Their characteristic black design and special active ingredient – sunflower stalk extract – have conquered the whole world. Péter Budaházy, an investor, purchased this legendary face cream brand in 2004, making it into a 21st century brand, while preserving its traditions. The owners of HELL ENERGY dared to dream big. They started from scratch and, in a few years, became leaders on the Hungarian energy drink market. The 100% Hungarian owned company makes 4.5 million cans of energy drinks – decorated with a demonic head – per day, and ships them to 50 countries around the world. The Hungarian Julius-K9® brand, renowned by dog owners for its quality and its unique solutions, may well be called the BMW of dog harnesses. The revenue of the business that started out in a garage now exceeds HUF 5 billion. Their dog equipment is sold in virtually every country, and they are one of the suppliers of the US Army. Great challenges have the power to bring people together, and according to the founder of the KÉSZ Group, there is no task so tough that it cannot be solved. For over 36 years, Mihály Varga has been leading one of the largest and most versatile construction groups of Hungary with unbroken optimism and enthusiasm. Air conditioning, air technology, and energetics: these are the three areas in which Lenergy Magyarország Kft. has become one of the most successful Hungarian businesses in a little over five yeas, boasting revenues of HUF 3.5 billion and 54 employees. Their plan is to keep expanding. Its highly probable that Marso Kft. is, in some way, the supplier of at least one of the four tyres on every car in Hungary. Starting from zero, this Nyíregyháza-based business has become the largest Hungarian tyre dealer in less than 30 years. Megaholz believes in continuous, organic development. This Budapest-based company makes customised shop furnishings mainly for the Western European market. Their key to success lies in their focus on quality, basing growth on solid foundations, and the quick adaptation of innovative solutions in the industry. Megakrán has drastically renewed its equipment fleet and organisation at the same time. Over the course of a few years, its leaders have turned a one-man business into a modern medium-sized company. They want to go public soon. Mentavill started out in a garage. Today however, this Székesfehérvár-based family business has nearly 300 employees and is one of the biggest building electricity wholesalers in Hungary. Containers and modules are used in a surprisingly large number of areas. Mobilbox is a market leader in many countries, including Hungary. Berkes György had the confidence of a visionary when he built up his bicycle business from scratch, which has made Gepida into a leading e-bike brand. Though electric transport is a popular topic nowadays, it was not like this in 2000, when the company made its first e-bicycle. They had to wait until the market grew to embrace this new direction, but it was worth the wait. The company has come a long way: from the garage business set up in grandmother’s suburban house to securing an order from the Dubai Police. Panzi-Pet Kft., a pet equipment and pet food distributor, is not afraid of change: it has always reacted to the current market needs. It was thus that this family business was able grow to a dominant player on the Hungarian pet care market. Protecta Kft. grew from a small, innovative research team into a strong, Hungarian-owned medium-sized enterprise. They achieved their revenue of approximately HUF 2.5 billion in the narrow segment of high-voltage network protection by exporting to multiple countries worldwide. József Gyaraki, the founder and executive of the Regio toy store chain, is not only proud of having developed the store that started as a family business under “damned socialism” into the biggest toy store of the country, but also of the fact that generations have grown up on products often available only through his company. Selling global brands represents both prestige and a complex challenge. This is especially true of the fashion company Roland Divatház, which serves as the Hungarian representative of 15 global brands besides having their own brand. High-profile visible changes and clearing the brand portfolio have served to not only maintain profitability, but their shop network is also expanding continuously as a result and even an IPO may be “in the cards”. The Somogyi family from Győr is inspiring in their solidarity. Their stable values and tireless work have formed the basis not only for their 40-year journey from a garage company into one of the largest consumer electronics wholesalers in the country, but also for the company’s more recent restructuring. It took a great deal of industry knowledge, and just as much precision engineering, passion, and business acumen for Star-Plus Kft. to become one of the biggest Hungarian-owned plastic processing enterprises that has been continuously profitable since it was founded 27 years ago. The TcT Group is one of Hungary’s leading telecommunications technology companies working in the area of customer service systems. Today, their primary goal is to increase their range of clientele for one of their most profitable products: JC360. Their most recent developments have focused on health-care hygiene and 3D metal printing, as well as developing the new logistics system of the Metro retail store group. It is almost universally accepted that data is the most valuable asset in today’s world. Unauthorised access to key information can cripple companies or even pose a threat to national economies. The security of IT systems has thus became a priority in Hungary as well, and in the last ten years, TR Consult Kft. has became a key player on the Hungarian market of this industry where a high level of trust and discretion is essential. The Veszprém-based industrial automation and machine manufacturing company Transmoduls Kft. is growing rapidly. Their number of employees may even double within five years. Hungary has recently regained a large enterprise with a Hungarian decision-making centre. With a tradition of innovation that goes back more than 120 years, its current plans are no less ambitious: in ten years, its CEO wants to transform Tungsram – that already employs approximately 5,000 people – into a company with a revenue of USD 1 billion and a strong global presence on the lighting market. Turbine Kft. has – with the cooperation of an artificial intelligence researcher, a medical researcher, and an economist – created a piece of software that can be used to digitally model inter-cellular processes. This is a major challenge, but if they can achieve success beyond their partial results, validated by the pharmaceutical company Bayer, they may revolutionise pharmaceutical research worldwide. Tutti Kft., a manufacturer of ice cream and dessert powders and cocoa products, grows by 5 to 10% in an average year. Their expansion is due not only to their flexibility, but also to their constant product development. By joining together local builders’ merchants, újHÁZ Centrum turned the model of combined buying into reality a good two decades ago. Today, however, they are much more than a purchasing company. Our activities are more diversified, and we have more ambitious plans. The eighty dealerships and their owners are in a great measure indebted to the agile, ambitious company manager who succeeded as making her way as a woman in this male-dominated industry. The greeting “What’s up?” is what lies behind the company’s name, W.UP. It was in the spirit of this informal greeting that the youthful company, started in 2014, but already much bigger and more mature than a start-up, went to knock on the doors of the banking IT market. The quickly-growing mobile and bank application development company of more than 110 employees is already looking at the global sector. WebEye Telematics Group, a company specialising in GPS tracking and truck fleet management, is the market leader in the CEE region, while its Hungarian subsidiary, WebEye Magyarország Kft., is the market leader in Hungary. The company intends to go public five years from now. Long-term value creation is not only a great slogan for the Wallis Group, it is also present in their everyday operations. A clear proof of this is that the Group’s flagship car companies will soon go public through the already-listed Altera, and will obviously target the premium category.
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018
BÉT50 - Fifty Prosperous Hungarian Companies - 2018