2020-: New Challenges
Despite the extraordinary challenges of the 2020s (COVID, supply chain problems, the Russian-Ukrainian war, the energy crisis), the VIDEOTON group's sales revenue in HUF is growing year on year between 2020 and 2023 (2020 – HUF 195 billion, 2021 – HUF 222 billion, 2022 – HUF 286 billion, 2023 - HUF 311 billion), while in 2024, mainly due to the downturn in the European economy and the automotive industry, sales revenue will decrease slightly (HUF 305 billion).
Despite the challenges, the company's business positioning has improved by taking advantage of new business opportunities. (e.g., electromobility, battery technology, and emerging collaborations with start-up companies.)
In 2020, automotive production declined due to the pandemic, but the group was involved in the manufacture of certain electronic products related to electric and hybrid vehicles. In addition, the production of several products related to environmental protection and driver assistance systems was launched. The group expanded its activities in the field of medical devices[14]: VT ES Kft. – the second company within the group after Videoton Elektro-PLAST Kft. – obtained ISO 13485 certification. The assembly of battery-powered portable power sources and the manufacture of their plastic components began, and electric car charging equipment was also produced. The manufacture of containers and complete equipment for the energy industry was launched.[15]
Several anniversaries were celebrated in 2021: the Kaposvár site celebrated its 50th anniversary, Ventifilt in Hajdúnánás celebrated its 60th anniversary, and the "new" VIDEOTON celebrated its 30th anniversary. During the year, the group launched new projects, but the global shortage of raw materials slowed growth in the second half of the year.
In 2022, despite the war in Europe, the energy crisis, and further global uncertainties, the group's developments continued in Bulgaria as well as Hungary: they announced the expansion of the capacity of VIDEOTON EAS's plant in Stara Zagora[16]. VIDEOTON HOLDING ZRt. was included in the Priority Exporter Program[17].
Ukrainian employees were already working for the group before the outbreak of the war. After February 24, 2022, they were primarily involved in organizing the accommodation of their family members in Hungary, providing them with lodging and care[18]. The following year, a new workers' hostel was established in the Industrial Park in Székesfehérvár, which, among other things, serves to accommodate workers arriving from Ukraine.
In 2023, a 1 MW solar park was handed over in the Industrial Park in Székesfehérvár. The development of the Bulgarian site continued; the production hall, renovated as part of an investment worth around EUR 10 million, was handed over in the summer of 2024, marking the 25th anniversary of the company's presence in Bulgaria. On May 30, 2025, at the investment handover ceremony held in Stara Zagora, the VEAS Bulgaria electronics manufacturing plant was opened, which obtained IATF certification, thereby becoming accredited for the manufacture of automotive products.
In the summer of 2025, VIDEOTON HOLDING signed an agreement with the owners of Limtronik GmbH, whereby Limtronik GmbH, which employs 150 people in Limburg near Frankfurt, and Limtronik USA in Denver became members of the VIDEOTON group.[19] At VIDEOTON's 2025 year-end event, management evaluators said the group expects growing challenges and VIDEOTON's 2025 revenue to be around HUF 300 billion.[20]
