AutoWallis’s momentum continues: The listed automotive company reports very strong nine months

AutoWallis has reported strong results for the past nine months: the EBITDA of the corporation exceeded HUF 5.7 billion, meaning that the listed automotive company is likely to surpass its yearly plan of HUF 5.5-6.2 billion. The Group generated a revenue of HUF 145.4 billion in the first nine months of the year, with its margin production having grown by nearly 10 percent, and its EBITDA margin having increased from 3 to 3.9 percent.

2021.12.01.

Successful technical handover of the new Jaguar and Land Rover showroom on Váci út

The region’s newest Jaguar and Land Rover dealership and service center will open in January, following the successful technical handover of the showroom located at Váci út 76-80. Starting from the beginning of next year, the two iconic British brands represented by AutoWallis in Hungary and eight other countries in the region will be available to customers in a complex of more than 2,200 square meters, where construction paired the highest level of customer service with the requirement of sustainable operations.

2021.11.25.

AutoWallis business developments expected in a value of HUF 16-38 billion

AutoWallis’s new shares are available for trading in the Premium category of the Budapest Stock Exchange starting today, after the successful closure of the public offering process. The public offering of HUF 10 billion goes a long way in supporting AutoWallis Group’s goal of using the received amount to implement business developments and acquisitions in a value of HUF 16-38 billion, which help the company in becoming a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade.

2021.11.24.

AutoWallis public offering successfully closed with double oversubscription

AutoWallis’s public offering was closed on Tuesday with success surpassing all expectations. Compared to the HUF 6-8 billion originally planned, retail and institutional investors submitted subscription applications totaling more than HUF 17 billion in the announced price range of HUF 107-122. Both retail and institutional investors will acquire shares of the automotive company of the Budapest Stock Exchange for an issue price of HUF 117, located in the top third of the price range. To accommodate part of the oversubscription, AutoWallis increased the upper limit of the planned issue from HUF 8 billion to HUF 10 billion. As a result of the regrouping, the newly issued shares were available to retail investors and to institutional investors in a total value of HUF 2.5 billion and HUF 7.5 billion, respectively, with significant amounts of demand still unmet among subscribers at this price point. The significance of the offering is shown by the fact that subscription of this magnitude has not been seen on the Budapest Stock Exchange for more than 10 years.

2021.11.11.

Two days left of the institutional subscription for AutoWallis shares

The public offering of AutoWallis shares will be closed on Tuesday: institutional investors can submit their final auction sheets for AutoWallis shares at OTP Bank until 6:00 pm tomorrow. Institutional investors can purchase shares for the same price of HUF 107-122 as for retail investors, with the final issue price determined jointly by AutoWallis and the lead-manager within the price band after the book-building has been closed. As widely known, retail subscription was closed after three days as interest far exceeded expectations: the submitted subscription applications were almost double the maximum amount originally offered to retail investors.

2021.11.08.

The institutional subscription for AutoWallis shares is now underway

Starting today, institutional investors can submit auction sheets for AutoWallis shares to OTP Bank. The auction lasts until November 9, with the total of HUF 5-6.5 billion in shares available at the same price of HUF 107-122 as for retail investors. The final issue price for shares of the automotive company of the Budapest Stock Exchange will be determined jointly by AutoWallis and the lead-manager within the price band after the book-building has been closed. As widely known, retail subscription was closed after three days as interest far exceeded expectations: the submitted subscription applications were almost double the maximum of HUF 1.5 billion originally offered to retail investors, totaling more than HUF 2.8 billion.

2021.11.02.

Managers received AutoWallis shares as part of the Employee Share Ownership Plan

As the objectives set for in one of the programs of the 2019 Employee Share Ownership Plan (ESOP) launched by AutoWallis were met, the managers participating in the program became eligible to receive a total of 16.6 million shares. The shares were provided from the ESOP organisation’s 19.9 million shares, as a result of which the organisation’s shares in the Company decreased to below 5%. 24 AutoWallis and subsidiary managers are participating in the first remuneration policy launched in 2019.

2021.10.29.

Thanks to substantial demand, retail share subscription was closed after three days

Thanks to interest that far exceeded expectations, share subscription, originally planned for 16 days, was closed after three days. In the public offering launched on Monday, AutoWallis originally offered shares in a total value of HUF 1.5 billion; however, in just three days, retail investors submitted subscription applications of more than HUF 2.8 million, almost twice the planned amount, to OTP Bank at the maximum price of HUF 122. Institutional investors will be able to purchase AutoWallis shares between November 2 and 9, 2021 in the price range of HUF 107-122 specified in advance, similarly to retail investors.

2021.10.28.

Starting today, AutoWallis shares can be subscribed at OTP Bank

The largest public offering on the Hungarian stock exchange in recent years has kicked off
Retail investors who submit their subscription applications to OTP Bank until November 9 can purchase shares newly issued by AutoWallis in the HUF 107-122 price range (as of Monday, the 30-day moving average is HUF 126). This is the largest public offering in Hungary in recent years, meaning the transaction is important for the whole Hungarian capital market. The vehicle company registered on the Budapest Stock Exchange plans to increase its revenue to more than four times and its EBITDA by more than six times compared to 2020 figures by 2025. The primary goal of AutoWallis’s public offering, planned to amount to HUF 6-8 billion but which may end up more in case of oversubscription, is to provide part of the financing for the HUF 16-38 billion in acquisitions and business developments planned by 2025

2021.10.25.

AutoWallis Sales Report: New vehicle sales more than tripled in the first nine months of the year

In line with forecasts, AutoWallis’s sales have performed well in the first three quarters of the year thanks to both organic growth and the transactions concluded last year. The growth experienced by the Distribution Business Unit surpassed even the figures of the first half, managing to sell more than four times as many vehicles than in the same period in 2020, while the Retail & Services Business Unit sold almost three times as many. The trend was also good as regards services: both service hours and rental days more than doubled.

2021.10.18.

The HUF 6-8 billion public offering of AutoWallis shares for the company’s HUF 16-38 billion acquisition and business development plans will start on October 25

The National Bank of Hungary has approved the prospectus for the largest public offering in recent years, based on which on October 25 AutoWallis can launch its public offering in a value of HUF 6-8 billion, or even more in case of oversubscription. The vehicle company registered on the Budapest Stock Exchange plans to increase its revenue to more than HUF 400 billion, more than four times compare to 2020 numbers, and its EBITDA by more than six times compare to 2020 numbers, possibly to more than HUF 15 billion, by 2025. AutoWallis is present in 14 countries in the Central and Eastern European region with its vehicle trading and mobility service activities, and it plans to realize dynamic growth by way of new transactions and acquisitions in addition to organic growth. According to the company’s announcement today, the primary goal of raising capital is to provide financing for the HUF 16-38 billion in transactions, acquisitions, and developments planned by 2025.

2021.10.14.

The Wallis Group continues to support AutoWallis’s plans for regional growth

For one year, WAM will lock up its own AutoWallis shares in case of a public issue
AutoWallis’s main shareholder, Wallis Asset Management Zrt., continues to support the company’ strategy and plans for the public raising of capital, which is why it undertook to refrain from reducing the number of its shares for one year following the public share offering planned by AutoWallis, even planning to purchase new shares in the course of the issue. Tibor Veres, Chairman of the Board at Wallis Asset Management, said they are satisfied with AutoWallis’s results and the company is continuing along the path determined at the outset thanks to the buy-outs, transactions, and organic growth it has implemented along the way. For AutoWallis, the changes in the vehicle trading and mobility market provide new opportunities for acquisitions, acquiring market shares, and business development; the company is currently examining the possibilities for growth and acquisitions in the interest of making the most of these opportunities.

2021.10.08.

Kalliwoda: Buy recommendation and a 12-month price target of HUF 218 for AutoWallis shares

With a 12-month price target of HUF 218 and a buy recommendation, Kalliwoda Research Gmbh has started tracking AutoWallis Group’s shares at the request of AutoWallis.

2021.09.27.

OTP Bank: Buy recommendation and a 12-month price target of HUF 164 for AutoWallis shares

2021.09.16.

Organisational development is also being used to support dynamic growth at AutoWallis

In support of its growth strategy, AutoWallis has decided to implement an organisational transformation: starting from September, separate directors will be heading up the company’s two business units. The listed automotive company has appointed members of its Board of Directors with extensive experience to fill the new management positions. In parallel, with the increase in regional tasks the Group’s Finance Director will continue to bolster the Distribution Business Unit in the newly created position of Director of Strategy and Business Development, with the thus vacated position filled by a new, experienced manager arriving from outside the company. The aim of these organisational changes is to ensure that business developments can effectively support, with the use of available synergies, the strategic goal of making AutoWallis Plc. a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade.

2021.09.06.

Record revenue and profit accompanied by increasing efficiency in the first half

In just half a year, last year’s entire revenue was surpassed by AutoWallis while the efficiency of its operations also grew in line with the contents of its strategy. The Group’s revenue in the first six months amounted to HUF 97.7 billion, its total comprehensive profit to HUF 1.2 billion, and its earning per share (EPS) to HUF 3.52.

2021.09.06.

To expand its mobility services, a technical base is being established next to the Airport by an AutoWallis subsidiary

A technical base is being developed near Budapest Ferenc Liszt International Airport by Sixt, a member of the AutoWallis Group, in the interest of preparing the Group for serving car sharing and even fleet management providers in addition to developing its car rental services. Of the company’s HUF 565 million investment project, HUF 282 million is being provided by the Ministry of Foreign Affairs and Trade as part of a non-refundable grant.

2021.08.27.

Enormous multi-brand vehicle sales and service centre to be built on land purchased by AutoWallis near Kopaszi-gát

AutoWallis has purchased an 18,000 square metre plot of land near Kopaszi-gát, a dynamically developing, frequented part of Újbuda, where the company plans to build a multi-brand vehicle sales and service centre encompassing several different brands. The investment project fits in well with the listed automotive company’s dynamic growth strategy.

2021.08.24.

AutoWallis’s HUF 6.6 billion green bond auction was closed with significant oversubscription

The green bond auction held by AutoWallis on Friday through the Bond Funding for Growth Scheme of the Hungarian National Bank was closed with significant oversubscription. Of the total offers received in a face value of HUF 10.75 billion, oversubscription was accepted for an additional amount of 10 percent over the announced value, which led to institutional investors purchasing the 10-year maturity bonds with an average yield of 2.89 percent in a total face value of HUF 6.6 billion. AutoWallis has always been committed to sustainable operations, and the significance of the auction lies in the fact that AutoWallis is the first company listed in the Premium Category of the Budapest Stock Exchange to issue green bonds.

2021.07.23.

Scope Ratings has affirmed AutoWallis’s credit rating: get ready for the HUF 6 billion green bond issue

Now that Scope Ratings has affirmed the company’s B+ issuer rating, AutoWallis can issue 6 billion forints’ worth of green bonds as part of the Funding for Growth Scheme of the National Bank of Hungary. The automotive company of the Budapest Stock Exchange plans to hold the private issue on July 23 and to use the received amount in line with the principles of the previously approved Green Finance Framework.

2021.07.19.

AutoWallis first half: Increasing sales in all areas

Positive trends continued in the second quarter at AutoWallis Group, leading to an almost four-fold increase in the listed vehicle company’s vehicle sales. Growth was mainly driven by the five transactions closed last year, though organic expansion was also significant. Sales data clearly show that the company has overcome most of the disadvantageous effects of the COVID-19 epidemic, with even the number of rental days increasing to more than twice that of the base period.

2021.07.15.

AutoWallis plans to issue green bonds

AutoWallis is the first company listed in the Premium Category of the Budapest Stock Exchange to develop a Green Finance Framework, which enables the company to both issue green bonds and receive green credit products. Although AutoWallis Group has already been committed to sustainable operations, it has made additional environmental protection commitments under the newly accepted framework: for example, it is developing e-mobility, including increasing the number of charging stations as well as the number of electric vehicles in its own fleet and its fleet of rental cars. The company is also studying the possibilities of obtaining ESG certification, which would allow those investment funds to purchase the company’s shares that prefer the shares of companies committed to sustainability.

2021.07.09.

Generali Alapkezelő increased its share in AutoWallis to over 3.5 percent

Generali Alapkezelő has further increased its share in AutoWallis following a record high first quarter result, having assessed that the listed car company is implementing its previously announced strategy faster than expected. The asset management company now owns more than 3.5 percent of AutoWallis through the acquisition of nearly 8 million of the company’s own shares.

2021.07.01.

AutoWallis: EBITDA almost tripled to HUF 1.5 billion in the first quarter

AutoWallis reported a 142 percent increase in revenue and a 188 percent increase in EBITDA in its first quarter management report. Despite the adverse impact of the third wave of the coronavirus pandemic, both the distribution and retail & services business units of the listed automotive company demonstrated significant growth. The growth surpassing the targets set in the strategy published in 2019 can be attributed to both the transactions completed last year and organic growth.

2021.05.27.

AutoWallis to launch Employee Share Ownership Plan for managers and employees of the group in support of its strategic goals

AutoWallis has launched a results-based new remuneration policy to support its strategic goals in the form of an Employee Share Ownership Plan (ESOP). The company listed in the Premium category of the Budapest Stock Exchange is planning to nearly triple the group’s revenue in 2021 as compared to last year, which would then probably exceed HUF 230 billion, while its EBITDA could be over HUF 6 billion. The goal of the two-year plan is to provide further incentives to a certain circle of managers and employees, and make them interested in the achievement of the group’s strategic objectives.

2021.04.27.

AutoWallis first quarter: Vehicle sales have rocketed due to organic growth and the six transactions concluded last year

Thanks to the six transactions concluded last year, the sales figures of AutoWallis are soaring: based on first quarter data, the corporation has more than tripled the results of the previous year’s first quarter. The numbers show that the stock exchange automotive company has overcome most of the negative effects of the COVID-19 epidemic. In the first three months of the year, even the number of rental days has started to increase, surpassing the base period by more than 40%, and the service hour figures also indicate strengthening.

2021.04.15.

AutoWallis accepts its 2020 reports and elects new auditor

AutoWallis’s Board of Directors took decisions regarding the agenda items of the General Assembly convened for today, empowered to act within the competence of the General Assembly due to the COVID-19 epidemic. Among other things, it approved the 2020 reports, decided on the use of the dividend fund, and elected a new auditor with an international background.

2021.04.07.

The weight of AutoWallis shares in the BUX index significantly increases as its capital market strategy is being implemented

In accordance with the Budapest Stock Exchange resolution, the weight of AutoWallis shares in the BUX basket increases by more than 35%. Based on this decision, the shares of the stock exchange automotive company shall have a weight factor of 0.3125% in the index as of March 22, thereby occupying the 11th highest position in the list.

2021.03.16.

AutoWallis acquires one of the most modern car dealerships in Central and Eastern Europe

AutoWallis will gain possession of one of the largest and most modern BMW dealerships in Central and Eastern Europe, housed in a building boasting unparalleled architectural solutions. The salon operating at 95 Hungária körút has already been rented by a subsidiary of the Budapest Stock Exchange listed group, selling BMW and MINI vehicles on the premises.

2021.03.16.