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AutoWallis closed the first quarter by more than doubling its results
The AutoWallis Group closed Q1 2023 with revenue of more than HUF 100 billion and earnings per share of HUF 11.5, meaning it is continuing down the path of growth that it had previously shared with its shareholders in its published strategy.
2023.05.26.
Read moreThe AutoWallis Group campaigns for safe driving
Wallis Motor, a member of the AutoWallis Group, has launched a campaign in partnership with the Budapest Police Headquarters to curb the number of speeding-related accidents, calling attention to the fact that our streets are not for racing. The automotive company registered on the Hungarian stock exchange actively supports its member companies in representing issues of social importance.
2023.05.19.
Read moreFurther expansion in AutoWallis’s Employee Share Ownership Plan
AutoWallis has launched a new results-based remuneration policy as part of the Employee Share Ownership Plan (ESOP) to support its strategic goals. The goal of the program is for the Group, which closed its fourth record year in 2022, to provide further incentives to a certain circle of managers and employees, and make them interested in the achievement of strategic goals and continued growth.
2023.05.03.
Read moreResolutions of the Annual General Meeting of AutoWallis to be held on 28 April 2023 and its annexes
AutoWallis today published the resolutions of its annual general meeting.
2023.04.28.
Read moreThe AutoWallis Group’s record results in 2022 support continued growth
At AutoWallis’s regular annual General Meeting, the company’s shareholders decided to keep 2022’s record profits in the profit reserve in the interest of using it to continue supporting the listed automotive company’s plans for continued growth and the implementation of its strategy. Among others, the General Meeting also decided on authorizing the purchase of treasury shares and increasing capital.
2023.04.28.
Read moreAutoWallis publishes first Sustainability Report
The AutoWallis Group has published its first Sustainability Report and it will continue to do so after each business year. As the automotive company of the Budapest Stock Exchange is committed to sustainable operations, it was the first company listed in the Premium Category of the Budapest Stock Exchange to develop a Green Finance Framework. In its first Sustainability Report, AutoWallis reviewed its functions, identified the main processes connected to sustainable operations, and transformed its internal information system required for preparing reports. As part of the process, AutoWallis plans to acquire an ESG rating by the end of 2024.
2023.03.20.
Read moreAutoWallis has gained ownership of the Nelson Group’s fleet management division after receiving the Competition Authority’s approval
After the Hungarian Competition Authority granted its approval, the acquisition of the Nelson Group’s fleet management division has been successfully closed. By obtaining Nelson, which is among the 10 largest players on the fleet management market, the automotive company registered on the Hungarian stock exchange has carried out an acquisition of key importance to its strategy and margin generation capabilities.
2023.01.27.
Read moreAutoWallis Sales Report Q1-Q4 2022: The AutoWallis Group closed 2022 with record sales
Sales of the AutoWallis Group set new records in all divisions and areas in 2022, continuing down the path of dynamic growth with the aim of becoming a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade. The vehicles sales and the number of service hours of the Group, present in 14 countries in the region, increased by a quarter last year, with even greater growth seen in vehicle rentals: the number of rental events increased by 44 percent and the number of rental days by 29 percent.
2023.01.16.
Read moreTwo new directions for the AutoWallis Group: The targets are Austria and online sales
The AutoWallis Group has set its sights on online sales and Western Europe, providing the foundation for both with a significant acquisition and business development in both areas. The automotive company registered on the Hungarian stock exchange may acquire Net Mobilitás Zrt., which operates the JóAutók.hu and Autó-Licit.hu websites, and is entering the Austrian market with as importer for SsangYong vehicles. These announcements are in line with AutoWallis’s strategy announced last year, the aim of which remains to more than double 2021 revenue to over HUF 400 billion by 2025.
2022.09.21.
Read moreThe Hungarian Competition Authority has granted its approval for AutoWallis and its partner to become the Hungarian importers for Renault
The Hungarian Competition Authority has granted its approval for the holding company established by the AutoWallis and Salvador Caetano Groups to purchase Renault Hungária, thus gaining exclusive Hungarian import rights for the Renault, Dacia, and Alpine brands. After all the conditions necessary for the completion of the transaction have been met, the purchase of Renault Hungária is expected to be completed on the 1st of October this year, helping the AutoWallis Group take another step towards becoming a major vehicle trading company and mobility service provider in the Central and Eastern European region.
