MetMax links revenue drop to a stronger forint

MetMax Europe reported first-half net revenue of HUF 1.821 billion, down 19.1% from a year earlier. The unaudited report, published by the Budapest Stock Exchange on 29 September, said domestic sales fell 15.4% and exports declined 22.5%.

The Hungarian industrial supplier identified the forint’s appreciation against the euro as the largest financial factor. It estimates that the currency move could reduce full-year 2026 revenue by HUF 350 million to 400 million and free cash flow by HUF 250 million to 300 million. The company had no currency hedges during the period.

The picture was not entirely negative: the order book increased from about EUR 1.6 million during the half-year to EUR 2.2 million by September. The report also mentions Bosch Rexroth, Siemens Energy and Dellner projects, but their future revenue contribution remains a company expectation rather than a completed result.

The disclosure illustrates the exchange-rate sensitivity of Hungary’s export-oriented manufacturing suppliers. For related company data, see our briefs on AXIÁL’s half-year report and K&H Mortgage Bank’s report. MetMax’s official half-year report is available on the Budapest Stock Exchange website.