News
AutoWallis 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 moreThe AutoWallis Group is entering the market of online automotive sales by acquiring JóAutók.hu
In line with its earlier plans, AutoWallis has acquired Net Mobilitás Zrt., which operates the JóAutók.hu and Autó-Licit.hu portals, leading the Group into the world of online sales. The step is aligned with the previously announced strategy of the company listed on the Budapest Stock Exchange, as AutoWallis aims to become a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade.
2023.01.13.
Read moreComposition of share capital and number of voting rights attached to the shares 31.12.2022
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 December 2022:
2023.01.02.
Read moreAutoWallis is buying a fleet management division: the Group is further expanding its services portfolio
The AutoWallis Group is conducting an acquisition of key importance to its strategy and margin generation capabilities by agreeing with the Nelson Group on the purchase of its fleet management division. In addition to expanding its market, the step is also important because it brings a significant profit-making activity to the automotive company registered on the Hungarian stock exchange. The acquisition is yet another step in the direction of expanding mobility services and, in addition to providing services with a good margin, it results in important synergies for the Group.
2022.12.10.
Read moreAutoWallis is buying a fleet management division: the Group is further expanding its services portfolio
The AutoWallis Group is conducting an acquisition of key importance to its strategy and margin generation capabilities by agreeing with the Nelson Group on the purchase of its fleet management division. In addition to expanding its market, the step is also important because it brings a significant profit-making activity to the automotive company registered on the Hungarian stock exchange. The acquisition is yet another step in the direction of expanding mobility services and, in addition to providing services with a good margin, it results in important synergies for the Group.
2022.12.10.
Read moreConcorde: 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.
