News
AutoWallis Group chose Győr to open its second BYD sales point
The AutoWallis Group opened its first BYD showroom in Budapest in 2023. BYD Hungary announced at the end of 2024 that it will expand its presence with additional sales and service points in order to build up its nationwide dealer network. The AutoWallis Group opened the first rural showroom in Győr on the 1st of April.
2025.04.01.
Read moreAutoWallis Group’s car sharing provider, wigo carsharing is revamping its pricing structure
Wigo carsharing, a part of the AutoWallis Group’s Mobility Services is reshaping its pricing strategy to better serve user needs.
2025.03.31.
Read moreINVITATION TO THE ANNUAL GENERAL MEETING OF AUTOWALLIS NYILVÁNOSAN MŰKÖDŐ RÉSZVÉNYTÁRSASÁG ON 25 APRIL 2025
The Board of Directors of AutoWallis Nyilvánosan Működő Részvénytársaság (registered address: H-1055 Budapest, Honvéd u. 20; company registration no.: 01-10-047350; Court of Registration of the Budapest-Capital Regional Court; hereinafter: “Company”) hereby convenes its Annual General Meeting (“General Meeting”).
2025.03.25.
Read moreSsangYong, one of the most successful brands of the AutoWallis Group changes brand name to KGM
South Korean automaker SsangYong ditched its brand name after 70 years, replacing it with KGM as well as introducing a new brand identity.
2025.03.24.
Read moreMBH: target price for AutoWallis shares upped to HUF 225 with a buy rating
In its newest analysis, MBH Investment Bank upheld its buy rating and increased the 12-month target price for AutoWallis Plc. shares from HUF 223 to HUF 225. Prior to the MBH’s step, two other analyst houses covering the region’s major vehicle trading and mobility service provider, Concorde Értékpapír Zrt. and OTP Bank, also increased their target prices for AutoWallis’s shares.
2025.03.13.
Read moreBoth 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.
