Electronics Production | July 14, 2010
Videoton's revenue down 5% in 2009
Hungarian EMS-provider Videoton reported consolidated revenue of HUF 76 billion (around EUR ) in 2009, down 5% from the previous year.
This drop however was less than what the management forecasted earlier on, CEO Ottó Sinkó told the Hungarian newsagency MTI. In previous estimations, management anticipated a decrease between 8% and 10%. As reported earlier, Videonton is pursuing its expansion course and recently bought a 51% stake in alternative energy company STS Group. Mr Sinkó said that further acquisition talks are under way.