News
Both Concorde and OTP issues buy ratings for AutoWallis shares with increased target rates
Following Concorde Értékpapír, OTP Bank also updated its analysis of AutoWallis Nyrt. shares: the two analyst houses’ buy ratings now stand at 12-month target rates of HUF 235 and HUF 210, respectively, for the shares of the region’s major integrated vehicle trading company and mobility service provider. The target rates were increased after AutoWallis published its 2024 results, according to which it increased its revenue to HUF 398 billion while its EBITDA grew to HUF 20.2 billion.
2025.03.11.
Read moreAutoWallis Group closed 2024 with growth and stable profits even in a variable environment
The AutoWallis Group increased its revenue to HUF 398 billion and its EBITDA results to HUF 20.2 billion. Sales were driven by retail, with the discount stocks sold last year because of the EU emission rules that enter into effect this year having a negative effect on the Group’s overall performance and sales margins. AutoWallis is continuing the implementation of its growth strategy in 2025, exploring opportunities for regional acquisitions and business development while also exploiting expansion and synergy opportunities from past transactions.
2025.02.28.
Read moreSales Report Q1-Q4, 2024: AutoWallis Group closes year with stable growth even in variable market environment
The AutoWallis Group sold 8% more vehicles in 2024, marking yet another strong year for the company listed in the Prime Market of the Budapest Stock Exchange. The Retail Business Unit saw the greatest growth, with a more than 20% increase in the sale of new and used vehicles.
2025.01.15.
Read moreAutoWallis to be granted Nissan distribution rights in Romania in cooperation with a major player on the European automotive market
AutoWallis Group is to obtain distribution rights for Nissan in Romania together with a major player on the European automotive market, the Portuguese Salvador Caetano Group, as the new national importer for the brand. This transaction is subject to the approval of the relevant competition authorities. The start of operations of the new company is scheduled for June 1st, 2025.
2024.12.23.
Read moreAutoWallis in the fast lane: the largest buyout in its history leads to the acquisition of a new branch and the launch of a new activity
The AutoWallis Group has successfully closed the largest acquisition in its history, further strengthening its position on the Czech retail market and its position as a major player in the region. The automotive company registered on the Hungarian stock exchange acquired 100% of MILAN KRÁL GROUP, which operates on the Czech market and achieved revenue equal to almost HUF 50 billion last year – as a result, AutoWallis is expanding its portfolio with both new brands (Mercedes-Benz, Ford) and new activities (sales and services of (Mercedes-Benz Trucks).
