AutoWallis will be presenting its updated targets on May 6. At the annual general meeting of AutoWallis, listed in the Prime category of the Budapest Stock Exchange, shareholders approved the company’s 2023 annual accounts, decided on the use of last year’s record profits, and also opted to restructure the Board of Directors, the Supervisory Board, and the Audit Committee, among other things. In line with the proposal put forward by AutoWallis’s Board of Directors, shareholders decided to place the results in reserve and use them to finance continued intense growth together with the cash capital increase of HUF 5.7 billion carried out by the Wallis Group in January. Since it was first listed on the stock market five years ago, the car sales and mobility service provider, which is fulfilling an increasingly important role on the regional scene and is now present in 16 countries, has carried out more than 10 acquisitions and the number of brands it represents has grown from 9 to 24. As a number of AutoWallis’s financial indicators previously set for 2025 were surpassed as early as last year, the company will be presenting its updated strategy, its targets for 2028, and its dividend policy on May 6. At the annual general meeting, shareholders decided to appoint new Members of the Board to join Chairman Zsolt Müllner and CEO Gábor Ormosy, which new members have gained significant domestic and international experience in past decades at other listed companies, in corporate management and acquisitions, among other areas. Based on the general meeting’s decisions, the Board of Directors will be joined by Ferenc Vaczlavik, AutoWallis CFO, Tibor Veres, Chairman of the Wallis Group, AutoWallis’s principal owner, CEO Gyula Mező in representation of the Wallis Group, Deputy CEO Bence Buday, and Deputy CEO for Strategy Ferenc Karvalits. The general meeting has also decided to appoint Géza Deme, President and CEO of AutoWallis’s largest institutional investor, Széchenyi Alapok Zrt., to the position of member of the Supervisory Board, and László Péter Lakatos, a leading expert at the Corvinus University of Budapest’s Institute of Accounting and Law, to the Audit Committee.