News
Thanks to substantial demand, retail share subscription was closed after three days
Thanks to interest that far exceeded expectations, share subscription, originally planned for 16 days, was closed after three days. In the public offering launched on Monday, AutoWallis originally offered shares in a total value of HUF 1.5 billion; however, in just three days, retail investors submitted subscription applications of more than HUF 2.8 million, almost twice the planned amount, to OTP Bank at the maximum price of HUF 122. Institutional investors will be able to purchase AutoWallis shares between November 2 and 9, 2021 in the price range of HUF 107-122 specified in advance, similarly to retail investors.
2021.10.28.
Read moreStarting today, AutoWallis shares can be subscribed at OTP Bank
The largest public offering on the Hungarian stock exchange in recent years has kicked off
Retail investors who submit their subscription applications to OTP Bank until November 9 can purchase shares newly issued by AutoWallis in the HUF 107-122 price range (as of Monday, the 30-day moving average is HUF 126). This is the largest public offering in Hungary in recent years, meaning the transaction is important for the whole Hungarian capital market. The vehicle company registered on the Budapest Stock Exchange plans to increase its revenue to more than four times and its EBITDA by more than six times compared to 2020 figures by 2025. The primary goal of AutoWallis’s public offering, planned to amount to HUF 6-8 billion but which may end up more in case of oversubscription, is to provide part of the financing for the HUF 16-38 billion in acquisitions and business developments planned by 2025
2021.10.25.
Read moreThe HUF 6-8 billion public offering of AutoWallis shares for the company’s HUF 16-38 billion acquisition and business development plans will start on October 25
The National Bank of Hungary has approved the prospectus for the largest public offering in recent years, based on which on October 25 AutoWallis can launch its public offering in a value of HUF 6-8 billion, or even more in case of oversubscription. The vehicle company registered on the Budapest Stock Exchange plans to increase its revenue to more than HUF 400 billion, more than four times compare to 2020 numbers, and its EBITDA by more than six times compare to 2020 numbers, possibly to more than HUF 15 billion, by 2025. AutoWallis is present in 14 countries in the Central and Eastern European region with its vehicle trading and mobility service activities, and it plans to realize dynamic growth by way of new transactions and acquisitions in addition to organic growth. According to the company’s announcement today, the primary goal of raising capital is to provide financing for the HUF 16-38 billion in transactions, acquisitions, and developments planned by 2025.
2021.10.14.
Read moreThe Wallis Group continues to support AutoWallis’s plans for regional growth
For one year, WAM will lock up its own AutoWallis shares in case of a public issue
AutoWallis’s main shareholder, Wallis Asset Management Zrt., continues to support the company’ strategy and plans for the public raising of capital, which is why it undertook to refrain from reducing the number of its shares for one year following the public share offering planned by AutoWallis, even planning to purchase new shares in the course of the issue. Tibor Veres, Chairman of the Board at Wallis Asset Management, said they are satisfied with AutoWallis’s results and the company is continuing along the path determined at the outset thanks to the buy-outs, transactions, and organic growth it has implemented along the way. For AutoWallis, the changes in the vehicle trading and mobility market provide new opportunities for acquisitions, acquiring market shares, and business development; the company is currently examining the possibilities for growth and acquisitions in the interest of making the most of these opportunities.
2021.10.08.
Read moreKalliwoda: Buy recommendation and a 12-month price target of HUF 218 for AutoWallis shares
With a 12-month price target of HUF 218 and a buy recommendation, Kalliwoda Research Gmbh has started tracking AutoWallis Group’s shares at the request of AutoWallis.
2021.09.27.
Read moreInformation on the accounting restatements and reclassifications presented in the disclosure relating to the semi-annual report for H1 2021 published on 2 September 2021
The Company made the following accounting restatements and reclassifications presented in the disclosure relating to the semi-annual report for H1 2021 published on 2 September 2021 on the basis of the comments made by the Company’s auditor on the Semi-annual Report.
