Continental Dohányipari Zrt., based in Sátoraljaújhely, closed the past year with a significant increase in both revenue and workforce. Within a year, the number of employees rose by 15%, reaching 750 by the end of December. This makes the company the largest employer in the region.
In 2023, the company recorded a gross revenue of HUF 84.5 billion (EUR 206.6 million), marking a 9.5% increase compared to the previous year. The company is the market leader in filter cigar products in Hungary, Spain, and Greece. Cigarette exports rose by 80%, and cigar exports increased by approximately 5%.
Last year, Continental invested HUF 3.5 billion (EUR 8.5 million). Key developments included an energy efficiency program worth HUF 1.2 billion (EUR 2.9 million) and a 1,200 square meters warehouse. This year, the company plans further investments, including the construction of a new 3,600 square meters finished goods warehouse.