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.
AutoWallis may triple its revenue already in 2021
As a result of the transactions carried out this year, AutoWallis could significantly exceed the expected revenue and EBITDA targets – originally set for 2024 – as early as in 2021. The company listed in the Premium category of the Budapest Stock Exchange could triple its revenue in 2021, which would then exceed HUF 230 billion, while its EBITDA could be over HUF 6 billion. This extraordinary increase is achieved by the corporation through organic growth and the six acquisitions and business developments announced this year. For the purpose of financing its growth plans, the company has carried out a capital increase of HUF 1.4 billion with the participation of three renowned Hungarian institutional investors, and plans to raise further funds via public investments also open to the general public.
2020.12.17.
Read moreAutoWallis: 11% revenue increase in the first three quarters
AutoWallis concluded the first three quarters with a turnover of HUF 62.6 billion and an EBITDA of HUF 1.8 billion. The 11% revenue increase significantly surpasses the performance of the automotive markets of Hungary, the European Union and the region. The positive figures are due to a number of factors: following the setback caused by the COVID-19 epidemic, organic growth has already been observable in the third quarter, and the company also implemented six major business developments and acquisitions this year. The latter have already had some positive effects, but will only be fully reflected in the 2021 figures.
2020.11.30.
Read moreAutoWallis decided to increase capital and purchase treasury shares
The AutoWallis Board of Directors decided about a number of matters at today’s meeting, including the possibility to increase the company’s share capital to a maximum of HUF 6 billion and the authorization to purchase treasury shares. The purpose of these moves is to advance the continued realization of the stock exchange automotive company’s growth strategy launched last year. According to the decision made today, under suitable market conditions, AutoWallis may – for the first time – involve funding from institutional and private investors of the capital market. In addition, the Board of Directors elected two new members of the Supervisory and Audit Board, and concluded the acquisition of the majority ownership of Iniciál Autóház.
2020.11.30.
Read moreThe competition authority approved AutoWallis’s acquisition of majority ownership in Iniciál Autóház
The Hungarian Competition Authority has approved the majority ownership of AutoWallis in Iniciál Autóház Kft., a significant company of the Western Hungarian region with a revenue of HUF 19.3 billion, which is involved in the sales and after-sales services of seven vehicle brands. In addition to the international transactions announced in recent months, such as the acquisition of the four-country importer right of the Opel brand, this acquisition of ownership is a major milestone in the history of AutoWallis, as parallel to the increase in the number of brands sold, the number of sales points of the group is also growing.
2020.11.20.
Read moreAutoWallis agrees on further acquisition in Slovenia
Following the takeover of the largest BMW dealership in Slovenia a few weeks ago, AutoWallis has now agreed on a further acquisition in Slovenia. According to the preliminary agreement, Avto Aktiv, another influential actor on the Slovenian market, involved in the sales and servicing of BMW, MINI, Jaguar, Land Rover, Toyota and Suzuki vehicles in four cities, may be transferred into the ownership of AutoWallis.
2020.11.13.
Read moreAutoWallis is planning to raise capital in order to finance its further growth plans
On November 30, AutoWallis will hold its extraordinary general meeting, where shareholders are going to decide about increasing the company’s share capital to a maximum of HUF 6 billion and the authorization of the board to purchase treasury shares. The purpose of the authorization is to advance the continued realization of the stock exchange automotive company’s growth strategy launched last year, with six major business developments and acquisitions already announced this year.
2020.11.10.
Read moreAutoWallis: The purchase of the largest Slovenian BMW dealership has been completed
AutoWallis has successfully completed the takeover of the largest BMW dealership in Slovenia, after the company had obtained the official approvals needed to close the transaction and the other terms of the contract had been met. With this step, AutoWallis has also entered the country’s car retail market, and it is currently investigating the opportunities for the sale of further brands in Slovenia alongside the established German manufacturer’s vehicles.
2020.10.19.
Read moreAutoWallis NKP bonds are available for trading starting today
Starting today, the AutoWallis NKP bonds are available for trading on the XBond market of the stock exchange, after the Budapest Stock Exchange has registered the securities issued by the corporation. The bond listing of the automotive stock exchange company took place in April, as part of the Funding for Growth Scheme of the Hungarian National Bank. Then, the auction was closed with oversubscription; the institutional investors purchased the bonds of HUF 3 billion total nominal value and a maturity of 10 years accepted from the bids with an average yield of 2.827 percent. AutoWallis is using the proceeds of the bonds to refinance its subsidiaries’ loans.
2020.10.02.
Read moreAutoWallis selected to become Opel’s importer in Hungary as well
Following three other countries in the region, Opel has chosen AutoWallis to be the importer of the iconic German brand in Hungary as well, enabling the Budapest Stock Exchange listed group to continue increasing its revenue and new vehicle sales, in a further significant step towards realizing its strategic goals.
2020.09.16.
Read moreAutoWallis: Stagnant revenue in the first half despite the unfavorable business environment
In an economic environment burdened by the COVID-19 epidemic, the revenue of AutoWallis was HUF 38.2 billion in the first half, which essentially means stagnation compared to the previous year. The impacts of the significant acquisitions and business developments announced in the past half are not yet visible in the revenue and the results; their positive effect on the figures will probably only show in the second half of the year. The three business units of the corporation were characterized by varied performance: the domestic sales revenue decreased by half a percent, international sales increased by 1.5%, while the revenue of the Automotive Services Business Unit, which was the most exposed to the negative environment, dropped by 11%, primarily due to the decrease in car rentals. Besides the environment, the results were also adversely impacted by one-time items, yet AutoWallis closed the first half with an EBITDA of HUF 689 million.
2020.08.31.
Read moreAutoWallis acquires majority ownership in Iniciál Autóház
AutoWallis Plc. acquires an additional 20 percent share in Iniciál Autóház Kft., increasing its ownership to 60 percent in this significant company of the Western Hungarian region involved in the sales and after-sales services of seven vehicle brands.
2020.08.06.
Read moreAutoWallis: New vehicle sales performed above market average in the first half
Despite the significantly deteriorating environment due to the COVID-19 epidemic, new vehicle sales at AutoWallis performed above market average in the first half: while in Hungary there was a 25% average decrease in domestic sales, this was only 5.6% for AutoWallis. At the same time, international sales of the automotive company of the Hungarian stock exchange increased by 15.6%, leading to a total of 2.8% increase in new vehicle sales.
2020.07.31.
Read moreAutoWallis to become importer of the Opel brand in three Central and Eastern European countries
AutoWallis takes another significant step towards international expansion, to become the importer of the Opel brand in Croatia, Slovenia, as well as in Bosnia and Herzegovina. For the group, this can greatly increase the revenue and the number of new vehicles sold.
2020.07.23.
Read moreAutoWallis Group acquires Iniciál Autóház, the dominant car dealer in West-Hungary
As a new step in the cooperation established last year with Iniciál Group, having 25 years of experiences in car trade, AutoWallis acquires 40% stake of Iniciál Autóház Ltd., the dominant car dealer in West-Hungarian Region, engaged in selling and servicing seven car brands. Zsolt Taródy, the founder of the Company will remain the managing director of the Ltd. that last year reported HUF 19.3 billion revenue, whereas AutoWallis had HUF 75.3 billion.
2020.07.02.
Read moreAutoWallis acquired a real property for a new car showroom and service station
AutoWallis acquired a real property from Appeninn for implementing a new car showroom and service point at Váci út in Budapest.
