RIC

Richter Gedeon

Stock

ISIN: HU0000123096

Ticker: RICHTER

HU0000123096

RICHTER

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Debate sobre RICHTER

Puestos

Jonas

@jjjjjonas

2Semana·

Hungarian shares next week ...

My assessment as a layman with close personal ties to Hungary:

Gedeon Richter's current share price reflects the optimism that Orbán will be voted out of office on Sunday.

The shares will probably fall on Monday in both cases:

If Péter Magyar wins, Orbán will cling on to power. Either he will be elected president before the new parliament is constituted or there will be violent uprisings à la Bolsonaro and a storming of the Capitol.

If Orbán wins, the optimism of recent weeks will be corrected in share prices.

It should not be underestimated how strong Orbán's support is among the uneducated population in the countryside, how strong the Russian influence on the election campaign is and how unfair the electoral system and constituencies have become under Orbán (in the last election, Fidesz got a two-thirds majority in parliament with half the vote).

In Hungary, every few years there is great optimism that Orbán will be overcome after all, and then often nothing comes of it.

I will gladly return to Richter as soon as the situation becomes clearer and we can build on certainties.

[PS: my sale was unfortunately with a large spread; the ask price was already at €34.40]

10.04

RIC

Richter Gedeon

Vendido x5 en 33,78 €

168,90 €

20,38 %

4 Comentarios

Smudo@Smudeo

2Semana

As I also visit Hungary every month, I can say the following from my compatriots' experience:
The policies of Viktor Orbán and his Fidesz party are often the subject of controversy. However, advocates and supporters see specific advantages for the country in his style of government.
Orbán has governed with a two-thirds majority since 2010.
Orbán's "advantage" still lies in his ability to unite the conservative camp and set a clear ideological direction, while critics tend to see these structures as undermining democracy.
Critics and economists see structural burdens that could weaken Hungary in the long term.
Dependence on low-wage industry: The model of establishing Hungary as an extended workbench for German car manufacturers and Asian battery factories is reaching its limits. There is a lack of investment in education and research, which is hampering the country's innovative strength in the long term.
Brain drain: Young, well-educated Hungarians are leaving the country due to the political mood and the poor state of the education and healthcare system.

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Smudo

@Smudeo

4Lun·

Back to work after vacation

After the vacation and the #beerchallenge

it's back to work.

This time in Hungary, alongside the local titles:

Many foreign companies have settled here, after $VOW (-0,75 %) with AUDI in Györ, as well as $MBG (+0 %) in Keskemet now also $BMW (-0,77 %) in Debrecen.

The European companies are attracting other suppliers such as $300750 CATL, $SHA0 (-6,63 %)

The inhabitants in Hungary are quite young, looking for work and the wage costs are only 1/3 of those in Germany.

Hungary itself:

9.6 million inhabitants

Currency Forint

Hungary consists of 19 Komitaten and the capital Budapest. In the west, bordering Austria, are the counties of Győr-Moson-Sopron and Vaswhich are particularly characterized by their Voralpenhügel are characterized by their beautiful landscapes. A little further east, at the Plattenseelie the counties of Veszprém, Somogy and Fejér and north of it the Komitat Komárom-Esztergom. This area is mainly known for the Bakonygebirges known. Further east is the capital city of Budapest, with the surrounding Komitat Pest and the Komitat Bács-Kiskun in the south. This area is dominated by the Pilisgebirge and the Danube.

Even further east are the counties Heves, Jász-Nagykun-Szolnok and Csongrád-Csanád. This area is the space between the Danube and the Theiß (Hungarian: Tisza). There are small steppes in the south of the region. In the north is the Mátra-Gebirge with the highest mountain in Hungary, the Kékes. On the eastern edge of the country are the counties Borsod-Abaúj-Zemplén, Szabolcs-Szatmár-Bereg, Hajdú-Bihar and Békés. This area is bordered by the Puszta in the south and the Bükk in Borsod-Abaúj-Zemplén.

The external border with the seven neighboring states is 2246 kilometers long, of which 356 kilometers with Österreich, 679 kilometers with the Slowakei, 137 kilometers with the Ukraine, 453 kilometers with Rumänien, 164 kilometers mit Serbien, 355 kilometers mit Kroatien and 102 kilometers mit Slowenien.

1 Comentario

BoersePG@BoersePG

4Lun

The next elections are crucial for Hungary. Orban is securing his power as well as possible, but after the elections there could be a "horrible" atmosphere in Hungary. I have a lot to do with small and medium-sized companies, many are afraid because the power of Orban and his backers is very deep.
You can also see it in foreign companies, e.g. the Spar supermarket chain. If you don't comply, you will be "expropriated". Hungary benefits greatly from gas from Russia.

As I said, I'm looking forward to the elections.

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András A.

@Spinat

5Lun·

Q3 report

$RICHTER (-0,03 %)

Pharma revenues grew by 7% to HUF 669bn in Q1-Q3 2025. Innovative businesses (WHC and CNS/Vraylar®) sustained strong momentum, however, the affordable pillar faced multiple headwinds in Q3. Ex-FX revenue growth was 5.4%.
Net profit was at HUF 163bn in Q1-Q3 2025, 7% lower YoY, as higher operating profits were offset by FX losses. Free cash-flow generation was outstanding and increased by 22% YoY to HUF 200bn in Q1-Q3 2025.
Full-year guidance was revised: Ex-FX revenues are expected to be close to EUR 2.3bn in 2025, while ex-FX Clean EBIT is to increase by 8-10%.

Gábor Orbán, CEO commented the results:

“Our innovative businesses in Women’s Health and Neuropsychiatry continued to deliver strong momentum, achieving double-digit revenue growth and our cash generation is very strong overall. In contrast, GenMed’s topline faced several headwinds in Q3, including supply chain disruptions that caused stockouts for a key product, wholesaler destocking across multiple markets, regulatory changes, and a high prior-year base. CDMO revenues also fell short of the expected run rate. However, given steady growth in in-market sales, we anticipate most of these challenges will ease or disappear in the coming months. Accordingly, we have adjusted our full-year guidance and now expect CER revenues to be close to EUR 2.3 billion, with CER Clean EBIT projected to grow by 8–10% in 2025. The relative strength of our bottomline reflects disciplined cost control and the benefits of our long-standing efficiency initiatives.“

www.gedeonrichter.com

Aktien-Investor

@Aktien-Investor

7Lun·

Eastern European shares

Hello everyone,

In view of what is currently going on in Western Europe (debt crisis etc.), I wondered whether it wouldn't make sense to look beyond Western Europe.

Eastern Europe in particular shines with stable economic growth and up-and-coming companies.

I became particularly aware of:

ETFs:

$EAST (-0,46 %)
$EPOL

Poland:

$DNP (+1,4 %)
$BFT (-1,28 %)
$PKO (+1,18 %)

CZ:

$MONET (-5,04 %)
$KOMB (-0,87 %)
$EFORU (-0,86 %)
$CEZ (+0,25 %)

Hungary:

$RICHTER (-0,03 %)
$OTP (+1,8 %)
$ANY (+1,13 %)

Slovenia

$NLBR (-1,72 %)
$KRKG (+0,72 %)

I have long considered building up smaller positions here in order to diversify my portfolio.

What is your opinion on this?

19 Comentarios

Moritz@leveragegrinding

7Lun

Very different depending on the country in my eyes. Eastern European countries have somewhat different conditions than a large Western European economy, for example, especially in terms of security and energy production. I don't see such huge opportunities in future technologies, but I could see potential in good, more conservative values (like some of the ones you suggest).

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