Eight national teams participated—seven which qualified from earlier stages, plus Hungary, which received an automatic berth as the host nation. They were split into two groups of four: Group A and Group B. Each team in a group played each other once, with the top two teams in each group progressing to the semi-finals. The winner faced the runner-up of the other group in a play-off, with the winner of each semi-final advancing to the final to determine the champion.
