This Hungarian construction company was rated good for its high order book

During the annual review of the Growth Bond Programme, Market Építő Zrt.'s issuer rating of BB-(Stable) was confirmed by Scope Ratings GmbH., the issuer rating agency of Magyar Nemzeti Bank (MNB), Market Építő Zrt. announced on the Budapest Stock Exchange (BSE) on Monday.

The confirmation is supported by the high order backlog for the Market Építő Zrt. and solid financials due to resilient operational performance.

Last year they achieved a turnover of 321 billion

In April, the building construction company announced on BSE's website that it had closed last year with a profit of HUF 21.09 billion, while a year earlier its profit after tax was HUF 34.39 billion.

Market Építő Zrt. had a turnover of HUF 321.69 billion in 2023 and HUF 306.04 billion in 2022. According to the management report, the revenue figures indicate that the company has had a balanced and successful year in a difficult economic environment.