News
AutoWallis takes a big step, bolstering its presence on the Czech retail market with the largest acquisition in its history
AutoWallis is further strengthening its role as a major regional player by making the largest purchase of its history, having come to an agreement for the acquisition of 100% of the Czech market-based MILAN KRÁL GROUP.
2024.11.15.
Read moreRetail sales drive the AutoWallis Group’s record Q3 revenue
The AutoWallis Group achieved record Q3 revenue, the main driver of which continues to be the Retail Business Unit with its above market average growth of 16%. The revenue of the Group, present in 16 countries in the region, grew to HUF 291 billion and its EBITDA topped HUF 14 billion.
2024.11.15.
Read moreAutoWallis Sales Report: AutoWallis’s vehicle sales see continued growth
The AutoWallis Group’s Retail Business Unit has seen an almost 20% increase in the sale of new vehicles in the first nine months of the year with used vehicle sales growing by 32%. The Distribution Business Unit of the major regional car sales and mobility service provider has continuously increased its year-on-year sales figures since last fall, again setting new records in the third quarter. Bolstered by both organic growth and the Czech acquisition closed in July, AutoWallis expects 2024 sales data to significantly exceed last year’s figures.
2024.10.15.
Read moreBYD reaches important milestone in Hungary
The AutoWallis Group’s strategic partner and manufacturer of BYD, the world-leading New Energy Vehicles (NEV), has reached a significant milestone after leading the market of battery-powered electric vehicles (BEV) in Hungary in the months of July, August, and September. The fact that Wallis Motor’s BYD showroom on Könyves Kálmán körút had to be expanded after it opened is a good indicator of the success of BYD models, available at the AutoWallis Group since autumn of last year.
2024.10.04.
Read moreAutoWallis Investor Day
AutoWallis held its investor day on 25 September, where the management presented the Group’s first half-year results and recent business developments.
2024.09.25.
Read moreMBH Investment Bank: HUF 223 target price and buy recommendation for AutoWallis shares
With a 12-month price target of HUF 223 and a buy recommendation, MBH Investment Bank has started tracking AutoWallis Group’s shares.
