A1 Solar expands abroad – The Budapest Times

A1 Solar Kft. and its associated group of companies see opportunities for dynamic expansion in Europe, the Middle East and Africa.

At Group level, A1 Solar develops solutions for smart homes in addition to services related to PV systems. The Group also has a wholesale division, which is represented on the domestic market by Energrosso Kft. and a Romanian subsidiary. The company also has a presence in Africa through partners.

According to CEO Endre Szenyán, a market decline can be observed at European level. In view of global developments, the decision to enter the foreign market was made in good time to maintain the company’s stability. After Romania, Solar A1 will soon be operating in Croatia and has already taken steps towards the Middle East. The company also sees potential in the Balkans and southern Italy.

In 2023, A1 Solar Kft. generated revenue of almost 4 billion forints and reported a profit of around 500 million forints.

In this year’s international company ranking by the Financial Times, which ranks Europe’s 1,000 companies according to their growth, A1 Solar Kft. was the most outstanding Hungarian company in 12th place.