Press releases
The Group periodically issues press releases to inform the public and stakeholders about events related to the company's business activities and other important information of public interest, both relevant to our companies and society. The most recent announcements published on the website are available for immediate media release.
The AutoWallis Group doubles down on the truck market
The AutoWallis Group continues to strengthen its presence on the Czech market by opening its first truck sales point and repair shop in the Czech Republic. The 3,400 square meter Mercedes-Benz Trucks unit located in the country’s southern region sells and repairs tractor trailers and has strategic importance for the Group. The investment project was handed over after AutoWallis also acquired a new activity by purchasing the MILAN KRÁL GROUP last year: it entered the truck market.
2025.04.28.
Read moreLast year’s profits for AutoWallis support continued growth
Shareholders approved the company’s 2024 annual accounts at AutoWallis’s annual General Meeting. Based on the decision of the owners, AutoWallis’s last year’s profits will be placed in the profit reserve to help support the continued implementation of the company’s dynamic growth strategy. Among others, the general meeting also decided on authorizing the purchase of treasury shares and increasing capital.
2025.04.25.
Read moreSales Report 2025 Q1: AutoWallis first quarter vehicle sales driven by acquisitions
The AutoWallis Group’s Retail Business Unit increased new vehicle sales by 13% thanks to international acquisitions closed last year, while the Distribution Business Unit’s sales showed a year-on-year decrease in the first quarter, mainly due to one-off effects. The regional car sales and mobility service provider’s used vehicle sales skyrocketed, showing growth of more than 57%, with both service hour and short-term vehicle rental figures also enjoying respectable increases.
2025.04.15.
Read moreAutoWallis’s 2024 profits could support continued growth
AutoWallis, listed on the Prime Market of the Budapest Stock Exchange, will be holding its regular annual General Meeting on April 25, when company shareholders will make a decision on keeping 2024’s profits in the profit reserve in the interest of providing further means for supporting the implementation of the company’s dynamic growth strategy.
2025.04.03.
Read moreAutoWallis 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 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.
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.
