Latest news with #A1Solar
Budapest Times
13-03-2025
- Business
- Budapest Times
A1 Solar expands abroad
A1 Solar Kft. and its associated group of companies see opportunities for dynamic expansion in Europe, the Middle East and Africa. At Group level, A1 Solar develops solutions for smart homes in addition to services related to PV systems. The Group also has a wholesale division, which is represented on the domestic market by Energrosso Kft. and a Romanian subsidiary. The company also has a presence in Africa through partners. According to CEO Endre Szenyán, a market decline can be observed at European level. In view of global developments, the decision to enter the foreign market was made in good time to maintain the company's stability. After Romania, Solar A1 will soon be operating in Croatia and has already taken steps towards the Middle East. The company also sees potential in the Balkans and southern Italy. In 2023, A1 Solar Kft. generated revenue of almost 4 billion forints and reported a profit of around 500 million forints. In this year's international company ranking by the Financial Times, which ranks Europe's 1,000 companies according to their growth, A1 Solar Kft. was the most outstanding Hungarian company in 12th place.
Budapest Times
07-03-2025
- Business
- Budapest Times
Seven Hungarian companies make FT list
Seven Hungarian companies have made it onto this year's prestigious Financial Times (FT) list of the fastest-growing companies in Europe. A1 Solar, a provider of photovoltaic systems, achieved a top position and landed in 12th place on the FT1000 list. Other Hungarian companies, which reflect the diversity of innovative strength in this country, follow in reasonable positions: Data analytics company DATAPAO ranked 210th, digital consultancy Sprintform came in at 342nd, container developer Continest reached 428th, construction company Lakógép ranked 450th, Hiflylabs, a provider of business intelligence solutions, placed 923rd, and server reseller Maraelite completed the Hungarian presence at 963rd. The ranking is based on annual growth rates between 2020 and 2023 and was compiled in collaboration with the German data research institute Statista. More than three quarters of the companies listed come from Italy, Germany, France and the UK. A fifth of the top 1000 companies come from the IT and software sector. Construction and engineering, energy and utilities, advertising and marketing, fintech, financial services and insurance also account for large shares. The list is headed by the Polish energy company Menlo Electric, which was founded in 2020 and has increased its profit from just under €187,000 to more than €15 million within three years.
