News
AutoWallis appoints a new director to head up its subsidiary
Starting from January, the AutoWallis subsidiary Wallis Motor Pest and Duna will be led by a new Managing Director: Sándor Mátrabérci joins the Group with 20 years of experience in the upper management of premium vehicle brand sales. In the future, Péter Antal, the former leader of the two companies, will concentrate on managing the AutoWallis Group’s Retail & Services Business Unit exclusively and on ensuring that the targets laid down in the strategy are met.
2022.01.04.
Read moreNumber of voting rights and composition of share capital as of 31 December 2021
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.
2022.01.01.
Read moreAutoWallis’s momentum continues: The listed automotive company reports very strong nine months
AutoWallis has reported strong results for the past nine months: the EBITDA of the corporation exceeded HUF 5.7 billion, meaning that the listed automotive company is likely to surpass its yearly plan of HUF 5.5-6.2 billion. The Group generated a revenue of HUF 145.4 billion in the first nine months of the year, with its margin production having grown by nearly 10 percent, and its EBITDA margin having increased from 3 to 3.9 percent.
2021.12.01.
Read moreSuccessful technical handover of the new Jaguar and Land Rover showroom on Váci út
The region’s newest Jaguar and Land Rover dealership and service center will open in January, following the successful technical handover of the showroom located at Váci út 76-80. Starting from the beginning of next year, the two iconic British brands represented by AutoWallis in Hungary and eight other countries in the region will be available to customers in a complex of more than 2,200 square meters, where construction paired the highest level of customer service with the requirement of sustainable operations.
2021.11.25.
Read moreAutoWallis business developments expected in a value of HUF 16-38 billion
AutoWallis’s new shares are available for trading in the Premium category of the Budapest Stock Exchange starting today, after the successful closure of the public offering process. The public offering of HUF 10 billion goes a long way in supporting AutoWallis Group’s goal of using the received amount to implement business developments and acquisitions in a value of HUF 16-38 billion, which help the company in becoming a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade.
2021.11.24.
Read moreAutoWallis public offering successfully closed with double oversubscription
AutoWallis’s public offering was closed on Tuesday with success surpassing all expectations. Compared to the HUF 6-8 billion originally planned, retail and institutional investors submitted subscription applications totaling more than HUF 17 billion in the announced price range of HUF 107-122. Both retail and institutional investors will acquire shares of the automotive company of the Budapest Stock Exchange for an issue price of HUF 117, located in the top third of the price range. To accommodate part of the oversubscription, AutoWallis increased the upper limit of the planned issue from HUF 8 billion to HUF 10 billion. As a result of the regrouping, the newly issued shares were available to retail investors and to institutional investors in a total value of HUF 2.5 billion and HUF 7.5 billion, respectively, with significant amounts of demand still unmet among subscribers at this price point. The significance of the offering is shown by the fact that subscription of this magnitude has not been seen on the Budapest Stock Exchange for more than 10 years.
