AutoWallis’s organic growth also exceeds market averages, which is a good illustration of its excellent performance.  The company’s strategy of building on diversified service and brand portfolios proves itself even in a disadvantageous economic environment.

 The AutoWallis Group closed its fifth record year in 2023, meaning it has successfully implemented its dynamic growth strategy ever since it was listed in 2019. The number of vehicles sold by the company listed in the Prime Market of the Budapest Stock Exchange increased substantially last year, by 43.5%, to 44,909 units. The greatest increase was delivered by the Distribution Business Unit, which grew the number of vehicles sold by 57.6% to reach a total of 34,943. Last year was the first full year after the purchase of Renault Hungaria in October 2022, providing a substantial addition to growth (+7,743 sold vehicles) while the business unit also showed organic growth of 22.7%, in which the SsangYong (+49.1%) and Opel (+10.2%) brands played the most important roles. SsangYong delivered exceptional performance in the Czech Republic, Slovakia, and Romania last year, and the brand started sales activity in Austria as well at the end of the year. Despite of the disadvantageous environmental environment, the Retail & Services Business Unit, which operates primarily in Hungary, sold 7,907 new (+8,1%) and 2,059 used (+13.4%) vehicles. This performance shows that the brand diversification that plays a major part in the AutoWallis strategy leads to growth even in a year when the number of passenger cars registered in Hungary decreased by 2%*. The services field in the Retail & Services Business Unit had an increase in service hours of 9.7 percent to 179,809 hours and realized growth in short-term vehicle rental as well. Sixt, represented by the AutoWallis Group in Hungary, increased the number of rental events by 5.4 percent to 23,733, while the number of rental days decreased by 11.2 percent. Thanks to the acquisition of Nelson Flottalízing Kft. at the beginning of 2023 followed by the purchase of Wallis Autómegosztó Zrt. in August, which operates as wigo (formerly Share Now) in Hungary, the mobility service vehicle fleet is four and a half times larger (+353.7%), allowing the Group to serve client needs with a total of 3,979 vehicles.

Regarding the 2023 sales figures, AutoWallis Plc. CEO Gábor Ormosy highlighted that the record numbers prove that the company’s portfolio of countries, brands, and activities is effectively diversified, allowing AutoWallis to perform well even in a disadvantageous, volatile economic environment. The CEO stresses that AutoWallis now operates in 16 countries and represents 23 brands, with more than half of its revenue generated abroad; as a result, the Group increasingly considers itself to be a regional player and plans its growth accordingly. The listing of AutoWallis on the stock exchange five years ago and the raising of capital that has taken place since have significantly contributed to the successful implementation of its growth strategy.

* Market data by DataHouse.

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AutoWallis Sales Report Q1-Q4 2023: The increasingly dominant AutoWallis Group closed 2023 with yet another record year at the regional level