About ALTEO
ALTEO is a publicly listed company based in Budapest (Hungary) founded in 2008, and was acquired by MOL Group in December 2022. Custom-engineered powder metal and metal injection molded components are manufactured. The company has 513 employees. ALTEO has completed 1 acquisition, including Fe-Group Invest Zrt. Its focus areas include Energy, Wind Energy, Independent Power Producer and Utility. Its competitors include Saphire Sustainable Development and SUNdroid.
Company details
Founded in 2008 and based in Budapest, Hungary, ALTEO operates in the manufacturing sector focused on powder metallurgy, metal injection molding, and soft magnetic composites. Aluminum powder metal components are produced for markets including electrification, automotive, and medical. Full services are offered from initial concept through to final product, with processes designed for low waste and environmental consideration.
- Annual Revenue$376.65 M (USD)17.15as on Dec 31, 2025
- Net Profit$7.72 M (USD)-73.75as on Dec 31, 2025
- EBITDA$56.74 M (USD)-15.47as on Dec 31, 2025
- Latest Funding Round$7.14M (USD), Post-IPO
Mar 2019
- InvestorsMOL Group
& 3 more
- Employee Count513
- Investments & Acquisitions
- Acquired byMOL Group
(Dec 2022)
Funding Insights of ALTEO
- Total Rounds 3
- Last Round Post-IPO — $7.14M
- First Round $13,959
(Jun 2015)
- Investors Count 1
All 3 funding rounds of ALTEO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2019 | $7.14M | Post-IPO | – | – | – |
| Jan 2019 | Grant | – | – | ||
| Jun 2015 | $13,959 | Grant | – | – |
4 investors in total: 4 institutional.
Investors in ALTEO
ALTEO has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include MOL Group, European Union and Indotek Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Diversified investment management is conducted across multiple sectors. | 1997 | indotek.hu | Budapest, Hungary | |
Diversified investment management services are offered to clients in Hungary. | 2009 | diofaalapkezelo.hu | Budapest, Hungary | |
Exploration and processing services for oil and gas are provided. | 1957 | molgroup.info | Budapest, Hungary |
Investor details for ALTEO
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IPO & Listings of ALTEO
ALTEO is a publicly listed company on the BET with ticker symbol ALTEO in Hungary, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date26 Nov 2021
- Listed onFRA: 54O
- Listed entityALTEO Energy Services Plc Class A
- Exchange sectorUtilities
- ISINHU0000155726
- Share price3,900.00 HUF (+0.52% on the day) · 2026-10-14
- Market capitalisation74,429,760,971.00 HUF
- Price to earnings20.0
- EPS (diluted, trailing year)-10.79 HUF
- Volume (last session)1,040
Financials of ALTEO
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 123.46B HUF | 2.53B HUF | 18.60B HUF |
| 2024 | 105.39B HUF | 9.62B HUF | 22.01B HUF |
| 2023 | 98.95B HUF | 12.80B HUF | 22.26B HUF |
| 2022 | 103.03B HUF | 12.89B HUF | 23.14B HUF |
| 2021 | 44.25B HUF | 5.86B HUF | 14.34B HUF |
Detailed financial statements for ALTEO
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Investments & Acquisitions by ALTEO
ALTEO has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fe-Group Invest Zrt.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Waste collection services are provided in Hungary since 1994. | fegroup.hu | Budapest, Hungary | 1994 | Jul 2022 | •••• |
Complete acquisition details for ALTEO
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Timeline of ALTEO
6 dated milestones of ALTEO across 14 years, from founding to its latest funding, stage changes and deals.
- Founded ALTEO is founded.
- Funding First funding round of $14K.
- Funding Latest funding round, Post-IPO, of $7.1M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Fe-Group Invest Zrt.
- Exit Acquired by MOL Group.
Competitors of ALTEO
ALTEO has 2 listed competitors in our database. They include Saphire Sustainable Development and SUNdroid.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| saphire-sustainable.com | 2005 | Budapest, Hungary | Offers energy efficiency, renewable projects, and financing services to clients. | |||
| sundroid.hu | 2016 | Kecskemet, Hungary | Offers solar power plant maintenance, monitoring, and administration services for clients. |
Detailed competitors of ALTEO
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Web traffic of ALTEO
The website of ALTEO (alteo.hu) receives about 6.1K visits a month.
- Monthly visits6.1K
▲ 79.6% vs previous month
Websites whose visitors overlap most with ALTEO. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| akkoinvest.hu | 100% | View details | |||
| polgaribank.hu | 90% | 8.2K | #1,936,945 | View details | |
masterplastgroup.com | masterplastgroup.com | 89% | #6,991,634 | – |
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Related news about Alteo
Complete news archive for ALTEO
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Frequently Asked Questions about ALTEO
ALTEO was founded in 2008 and raised its 1st funding round 7 years after it was founded.
ALTEO is headquartered in Budapest, Hungary.
ALTEO has 513 employees.
Annual revenue of ALTEO is $376.65M as on Dec 31, 2025.
Founded in 2008 and based in Budapest, Hungary, ALTEO operates in the manufacturing sector focused on powder metallurgy, metal injection molding, and soft magnetic composites. Aluminum powder metal components are produced for markets including electrification, automotive, and medical. Full services are offered from initial concept through to final product, with processes designed for low waste and environmental consideration.
ALTEO's top competitors include Saphire Sustainable Development and SUNdroid.
Yes, ALTEO is publicly traded on BET under the ticker symbol ALTEO.
ALTEO has made 1 acquisition, including Fe-Group Invest Zrt.
ALTEO has 4 investors. Key investors include MOL Group, European Union, Indotek Group, and Diofa Fund Management.
Yes. ALTEO was acquired by MOL Group in December 2022.