ALTEO receives another stock exchange recognition

On 29 February, one year after being named the issuer of the year’s highest share price increase in the premium category at one of the most prestigious awards in the Hungarian financial and capital markets, ALTEO received another prestigious award: it won the “Company with Long-term Share Price Increase” category at Best of BSE 2023.

Balázs Szécsi, Head of Capital Markets and Investor Relations at ALTEO, accepted the award at the event, which honoured the most outstanding performers and players on the Hungarian capital market. Mr. Szécsi emphasised that in addition to the economic environment, which has had a positive impact on performance, the consistent implementation of the company’s ambitious strategy of systematical adaptation to market realities and opportunities, has also contributed to the sustained rise in the share price.

He also said that this clearly positive trend for investors could be further fuelled by a number of business moments awaiting ALTEO. One of the most significant of these is the 20 MWe solar power plant being built on the outskirts of Tereske, Nógrád county. With this unit, which will be able to meet the electricity needs of more than 10,000 households per year, ALTEO will double its solar power plant portfolio and, with its ESG certification obtained two years ago, is one of Hungary’s first certified energy companies in the independent power producer, trader and utility sectors.