INVESTITATING THE FINANCIAL SITUATION OF HUNGARIAN MECHANICAL ENGINEERING COMPANIES BETWEEN 2012 AND 2016

Abstract

The machine industry has a rich tradition in several developed countries like Hungary. It is proved by the fact that this branch provided about the half of the net domestic turnover, third fourth of the industrial export and 50 percent of the overall Hungarian export in the recent years.90 percent of the turnover generated by the machine industry comes from the export, multinational companies have a share of 70 %. Machine industry is regarded as a leading branch that forms the basis of modern industries and promotes scientific research. You can find its products in the energy industry, traffic and modern manufacturing plants.The main target of this essay is to take a look at the main trends and give a fair and comprehensive view of the operation of the machine industry by conducting a statistical analysis of the financial and business figures of enterprises which are run in Hungary in the field of mechanical engineering. Using the method of more variables, we analysed the financial position, financial performance and cash flow of enterprises of this branch. Company reports served as a source of these figures. By doing variance analysis, we assessed the effects of company size and analysed the features of this branch and the geographical location.