News
OTP Bank: Buy recommendation and a 12-month price target of HUF 164 for AutoWallis shares
2021.09.16.
Read moreOrganisational development is also being used to support dynamic growth at AutoWallis
In support of its growth strategy, AutoWallis has decided to implement an organisational transformation: starting from September, separate directors will be heading up the company’s two business units. The listed automotive company has appointed members of its Board of Directors with extensive experience to fill the new management positions. In parallel, with the increase in regional tasks the Group’s Finance Director will continue to bolster the Distribution Business Unit in the newly created position of Director of Strategy and Business Development, with the thus vacated position filled by a new, experienced manager arriving from outside the company. The aim of these organisational changes is to ensure that business developments can effectively support, with the use of available synergies, the strategic goal of making AutoWallis Plc. a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade.
2021.09.06.
Read moreRecord revenue and profit accompanied by increasing efficiency in the first half
In just half a year, last year’s entire revenue was surpassed by AutoWallis while the efficiency of its operations also grew in line with the contents of its strategy. The Group’s revenue in the first six months amounted to HUF 97.7 billion, its total comprehensive profit to HUF 1.2 billion, and its earning per share (EPS) to HUF 3.52.
2021.09.06.
Read moreTo expand its mobility services, a technical base is being established next to the Airport by an AutoWallis subsidiary
A technical base is being developed near Budapest Ferenc Liszt International Airport by Sixt, a member of the AutoWallis Group, in the interest of preparing the Group for serving car sharing and even fleet management providers in addition to developing its car rental services. Of the company’s HUF 565 million investment project, HUF 282 million is being provided by the Ministry of Foreign Affairs and Trade as part of a non-refundable grant.
