In their updated reports, Concorde Értékpapír Zrt. and OTP Bank affirmed their buy ratings for the shares of the AutoWallis Group: the former increased the 12-month target rate from HUF 230 to 235 while OTP Bank set a 12-month target rate of HUF 210 after the previous value of 180. Based on the above, analysts see a significant mark-

up potential in the shares of the automotive company registered on the Hungarian stock exchange. The analyst houses released their updated reports after the region’s major integrated vehicle trading company and mobility service provider published its 2024 results, which showed a 9% increase in revenue to HUF 398 billion with an EBITDA figure of HUF 20.2 billion last year while the number of vehicles sold grew by 8% to reach 48,386 units. This means that 2024 revenue, EBITDA, and earning per share values were all equal to or better than the expectation of analysts following the company. The Group’s increasing regional role and the diversification of its operations is underlined by the fact that more than 60% of 2024 revenue was generated abroad, which may increase by up to 10 percentage points this year thanks to the acquisitions closed last year.

Concorde Értékpapír Zrt. – 12-month target price:HUF 235; Rating: buy; Analysis

OTP Bank – 12-month target price:HUF 235; Rating: buy; Analysis