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MVM CEEnergy Zrt. (Hungary)

Main Activities: Natural Gas Distribution | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Full name: MVM CEEnergy Zrt. Profile Updated: July 15, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Hungarian Download a sample report

MVM CEEnergy Zrt. is a company located in Budapest, Hungary. It was established on September 30, 2013, when MVM Magyar Villamos Művek Zrt. acquired the Hungarian gas trading company owned by E.ON, forming the Magyar Földgázkereskedő Zrt. Later, on July 1, 2021, it changed its name to MVM CEEnergy. The acquisition was in line with the national energy policy and the National Energy Strategy, contributing to Hungary's energy security and long-term economic growth. MVM CEEnergy is actively involved in the gas market, representing all significant segments from infrastructure to trading. As Hungary's largest gas trader, the company takes pride in ensuring supply security and meeting the flexibility needs of domestic gas supply through the use of alternative sources and long-term gas procurement contracts. In addition to serving universal service providers, gas traders, large consumers, and power plants in Hungary, MVM CEEnergy is committed to seizing new market opportunities in a changing environment and aims to increase its regional market presence. To achieve this goal, the company established subsidiaries in Austria, Slovakia, Croatia, and the Czech Republic, further strengthening its market position in the region.

Headquarters
Vaci ut 144-150.
Budapest; Budapest; Postal Code: 1138

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Website: http://www.magyarfoldgazkereskedo.hu

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
October 16, 2000
Key Executives
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Member of Board of Directors
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Member of the Supervisory Board
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Member of the Supervisory Board
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Member of the Supervisory Board
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Member of the Supervisory Board
Ownership Details
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Subsidiaries
Corvinus Energy Kft.
Ogd Berettyoujfalu Koncesszios Kft.
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency HUF. Absolute financial data is included in the purchased report.
Net sales revenue
-65.02%
Total operating revenue
-53.05%
Operating profit (EBIT)
-55.57%
EBITDA
-55.56%
Net Profit (Loss) for the Period
-27.36%
Total assets
-20.05%
Total equity
N/A
Operating Profit Margin (ROS)
0.88%
Net Profit Margin
2%
Return on Equity (ROE)
N/A
Quick Ratio
-0.12%
Cash Ratio
-0.01%

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