ALTEO successfully completed its business operations in 2016

ALTEO, a leader in smart energy management services in Hungary, held its Annual General Meeting on 24th April 2017. At the event, Attila Chikán Jr. (CEO) presented the Company’s business report for 2016. As Chikán stated, last year was a remarkably booming year in the Company’s history as evidenced by the fact that the Company’s sales grew by 33% to nearly HUF 14 billion, while its EBITDA rose by 62% to HUF 2.3 billion.

As a result of good governance, the ALTEO Group’s consolidated after-tax profit was close to HUF 823 million. Based on the results of 2016, the Company’s management proposed a dividend of HUF 130 per share, which was approved by the General Meeting. Accordingly, ALTEO will pay its shareholders a dividend of 8.3% point higher than last year’s HUF 120 / share.