Forest-Vill Kft, a company in the energy sector, completed its most successful year ever in 2022 with a revenue of more than HUF 20 billion (EUR 52.6 million). The company exceeded its 2021 revenue by 33%. Taxed profit rose from HUF 55 million to HUF 340 million (EUR 894 thousand).
The largest contribution to the record revenue came from the substation and industrial divisions, which contributed HUF 14.3 billion (EUR 37.6 million) to the record revenue. This is mainly explained by the participation in the development of the electricity supply infrastructure for one of the largest industrial projects in Hungary, the BMW plant in Debrecen.
In addition, one of the main reasons for the outstanding result last year was the growing role in the solar energy market. The company has increased the number of its solar energy projects and participated, for example, in the construction of the solar power plants in Kiskunhalas and Mezőcsát.
Forest-Vill has also continued to prepare for international expansion, especially in the Middle East, and received its first contract for the renovation of substations in Kuwait. Last year, Forest-Vill increased its workforce by 20 to over 200 employees.
Forest-Vill Kft. was founded in 2015 and is active in the construction and design of electrical and energy plants. Its main profile includes industrial energy supply and distribution, the construction and reconstruction of high voltage and medium voltage substations and transformer stations and high voltage, medium voltage and low voltage networks.