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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.
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