Mercedes-Benz Manufacturing Kft., the company operating the Mercedes-Benz factory at Kecskemét in southern Hungary, has paid its entire profit of HUF 20bn (EUR 63.8m) in dividends to its German parent company, the business daily Világgazdaság reports.
According to an article that appeared in the Monday edition of the paper, the development cost of the factory, which has been producing since spring 2012, amounted to EUR 800m, or HUF 200bn at exchange rates valid at the time. In its first three years of operation, the operation of the plant has recovered EUR 90m, or over ten per cent of investment costs, to its owner, while paying 550 000 euros in corporate tax over the first years and 77 500 euros last year.
The Kecskemét factory was operating with three shifts from May 2014, resulting in 150 000 cars being manufactured during the previous year at full capacity. The revenue of Mercedes-Benz Hungária Kft. neared one billion euros already for the first fraction of a year of its operation and exceeded two billion by 2013. In 2014, this increased further to 2.8 billion euros, the paper reports. According to calculations, the factory’s revenue per car produced averages around HUF 5.6 million.
Mercedes-Benz Manufacturing Hungary Kft. has been revealed as Hungary’s fifth-largest company by annual revenue in 2014 in a list compiled by the business weekly HVG.
photo: AFP/Attila Kisbenedek