News
AutoWallis Group opens Renault and Dacia dealership in Budapest
The AutoWallis Group continues its expansion in the vehicle retail segment by opening a Renault and Dacia dealership in Budapest together with its Portuguese partner, the Salvador Caetano Group. The step is well aligned with the AutoWallis strategy of continuing its growth using business developments in addition to organic growth and acquisitions.
2024.05.22.
Read moreGrowth of AutoWallis Group’s new and used vehicle retail sales exceeded market averages in Q1
Revenue growth at the AutoWallis Group’s Retail & Services Business Unit exceed market averages to reach 9% in the first quarter, while the company organized its mobility-related services, which saw expansion last year thanks to acquisitions, in a separate business unit at the start of the year.
2024.05.17.
Read moreThe AutoWallis Group’s regional growth strategy plans to again double figures by 2028
The AutoWallis Group plans to realize revenue of HUF 750 billion and EBITDA profits of HUF 40 billion in 2028, meaning both indicators may be twice that of last year’s results. The major vehicle trading company and mobility service provider in the region representing 24 vehicle brands in 16 countries is planning another 2-3 acquisitions per year in the coming period, and management intends to make a recommendation for the payment of dividends after 2026 following this intense period of growth.
2024.05.06.
Read moreAutoWallis publishes its third Sustainability Report
The AutoWallis Group has published its Sustainability Report on the past year, which shows that in 2023 the automotive company registered on the Hungarian stock exchange has set new strategic areas for the development of sustainable operations such as digitalization and the bolstering of its corporate governance structure.
2024.05.02.
Read moreAutoWallis devoting its record 2023 profits to financing intense expansion
– The AutoWallis Group has held its annual general meeting, where shareholders elected new Members of the Board of Directors and then decided to devote the total comprehensive income of HUF 9.8 billion realized with last year’s record revenue to finance intense expansion in the interest of supporting continued dynamic growth.
