PannErgy Nyrt
BBUD:PANNERGY2,780.00
HUF
-30.00
(-1.07%)
ISIN
HU0000089867
Return %
Stock
S&P 500
1Y
52.75
14.20
3Y
105.93
81.12
5Y
153.88
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
HUF
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
HUF
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in mil. unless spec.Company Description
- CEO
- István Jaksa
- Full Time Employees
- 13
- Sector
- Utilities
- Industry
- Alternative power generation
- Address
- Budapest Hungary
- IPO Date
- Jun 13, 1994
- Website
- pannergy.com
- Similar Companies
- Business
- PannErgy Nyrt. is a Hungary-based renewable energy company focused on the exploration, production, and distribution of geothermal heat and renewable thermal energy. The company operates geothermal heat production systems and energy infrastructure across Hungary, serving municipal district heating networks and large industrial facilities. Founded in 1922 as Pannonplast and restructured under its current name in 2007 following a strategic shift to renewable energy, PannErgy is headquartered in Budapest, Hungary, and is listed on the Budapest Stock Exchange under the ticker PANNERGY. The company operates through distinct business segments dedicated to geothermal energy production, energy management, and asset utilization. Its core product and service offerings comprise: geothermal thermal energy production and supply for municipal district heating grids; high-capacity geothermal heat delivery for industrial processes and space heating; design, drilling, construction, and operation of deep geothermal extraction wells and closed-loop reinjection systems; geothermal fluid heat-exchange and distribution infrastructure management; auxiliary electricity generation and cogeneration from associated geothermal methane gas; and technical facility operation and energy asset management services. PannErgy delivers its thermal energy solutions primarily to municipal public utilities such as Gyor-Szol Zrt. in Gyor and Miskolci Hoszolgaltato Kft. (MIHO) in Miskolc, as well as multinational industrial manufacturing facilities, including Audi Hungaria Zrt. The company conducts its project developments and regional operations through specialized subsidiaries, including Arrabona Koncesszios Kft. and DD Energy Kft. in the Gyor region; Miskolci Geotermia Kft. and Kuala Kft. in Miskolc; Szentlorinci Geotermia Kft. in Szentlorinc; Berekfurdo Energia Kft. in Berekfurdo; and PannErgy Geotermikus Eromuvek Zrt. In recent developments, PannErgy has adapted its operational and commercial framework to a regulated two-element heat pricing tariff structure, implemented to mitigate volume fluctuations caused by seasonal temperature anomalies and stabilize recurring operating cash flows. The company has continuously optimized its primary heat generation facilities at the Gyor and Miskolc geothermal projects to maximize thermal output, enhance reinjection efficiencies, and deepen industrial heat integration with long-term commercial partners like Audi Hungaria. On the corporate and capital allocation front, PannErgy has executed ongoing treasury share repurchase programs, completed capital reduction measures through share cancellations, and instituted multi-tranche dividend distribution frameworks for shareholders. Additionally, following the regulatory revocation of its Budapest exploration concession permit due to scheduling milestones, PannErgy has shifted its exploration and capital deployment focus toward the technical optimization, capacity enhancement, and infrastructure efficiency of its existing core production assets across Hungary.