News
Concorde: Buy recommendation and a 12-month price target of HUF 199 for AutoWallis
With a buy recommendation maintained, Concorde Securities Ltd. raised their 12-month target price on shares of AutoWallis Plc to HUF 199 in a recent analysis. The previous target price was 167 forint.
2022.12.02.
Read moreAutoWallis continues to grow: results double as revenue soars in the first nine months
AutoWallis Group’s revenue and profits have set new records in the first three quarters after the automotive company registered on the stock exchange enjoyed excellent results during the summer months as well. Moreover, revenue and profits for the first three quarters significantly surpassed the figures for all of last year. The Company’s revenue grew by almost 50 percent and its net profits almost quadrupled in nine months. Earnings per share amounted to HUF 17.3, which is almost double the amount for all of last year. The excellent figures are primarily attributable to the consistent implementation of the growth strategy, thus to organic and acquisition-based growth as well as to a tight budget management, but individual effects also manifest themselves within these results.
2022.11.30.
Read moreThe cooperation between AutoWallis, ALTEO, and Opel supports the spread of electric vehicles
Owners of electric Opel vehicles will be able to buy not only vehicle chargers but will also receive access to sustainable energy solutions: thanks to the coordination of e-mobility-related services between the AutoWallis Group and ALTEO, owners of electric Opel vehicles will be offered a complex solution that ensures reliable and cheaper electric vehicle use. As part of this strategic cooperation, customers will be able to purchase vehicles, charging equipment, and related services from Opel dealers, including paired with solar panel systems and energy storage solutions starting in 2023.
2022.11.09.
Read moreComposition of share capital and number of voting rights attached to the shares
AutoWallis Plc. (1055 Budapest, Honvéd utca 20.; hereinafter referred to as „Company”) in line with Clause 54 (9) of the Act No. CXX/2001 on capital markets, hereby publishes the composition of share capital of the Company and the number of voting rights attached to the shares.
Composition of share capital as of 31 October 2022:
2022.10.28.
Read moreAutoWallis shows no signs of slowing down: double-digit growth across the board
The AutoWallis Group is continuing its path of growth after all business units experienced double-digit growth in all areas in the first nine months of the year, with sales in many areas already higher than last year as a whole. This means that the crisis-resistant strategy of the Group, present in 14 countries in the region, has allowed it to break with domestic and international trends and continue along the path of realizing its plans. In the first three quarters, AutoWallis’s vehicle sales grew by 27.1 percent, with the number of service hours also seeing a similar rate of growth. Vehicle rentals experienced even greater growth: the number of rental events increased by 64 percent and the number of rental days by 31 percent.
2022.10.17.
Read moreComposition of share capital and number of voting rights attached to the shares
AutoWallis Plc. (1055 Budapest, Honvéd utca 20.; hereinafter referred to as „Company”) in line with Clause 54 (9) of the Act No. CXX/2001 on capital markets, hereby publishes the composition of share capital of the Company and the number of voting rights attached to the shares.
Composition of share capital as of 30 September 2022:
2022.10.03.
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.
2022.09.06.
Read moreAutoWallis saw enormous growth in the first half: Earnings per share increased by more than two and a half times
In the first half, the growth of AutoWallis’s profits exceeded even its 34 percent increase in revenue, leading the listed vehicle company to again close a new record half-year. The company’s net profit increased more than three-fold and its EBITDA more than doubled, meaning earnings per share was HUF 9 in the first half, more than at any time during the previous year. These excellent results are not unique but are part of a long-term trend; accordingly, AutoWallis also expects to set new records in all areas for the year as a whole.
2022.08.31.
Read moreAutoWallis key managers received shares under the Employee Share Ownership Plan
As the expectations specified in AutoWallis’s three-year Employee Share Ownership Plan (ESOP) launched in 2019 have been fulfilled, the participating 23 key managers, most of whom have been working for the Group for more than 15 years, have received a total of 3.3 million shares. The automotive company of the Budapest Stock Exchange launches similarly structured remuneration policies every year, helping support the realization of its strategic objective: to become a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade.
