Two new directions for the AutoWallis Group: The targets are Austria and online sales

The AutoWallis Group has set its sights on online sales and Western Europe, providing the foundation for both with a significant acquisition and business development in both areas. The automotive company registered on the Hungarian stock exchange may acquire Net Mobilitás Zrt., which operates the JóAutók.hu and Autó-Licit.hu websites, and is entering the Austrian market with as importer for SsangYong vehicles. These announcements are in line with AutoWallis’s strategy announced last year, the aim of which remains to more than double 2021 revenue to over HUF 400 billion by 2025.

2022.09.21.

The Hungarian Competition Authority has granted its approval for AutoWallis and its partner to become the Hungarian importers for Renault

The Hungarian Competition Authority has granted its approval for the holding company established by the AutoWallis and Salvador Caetano Groups to purchase Renault Hungária, thus gaining exclusive Hungarian import rights for the Renault, Dacia, and Alpine brands. After all the conditions necessary for the completion of the transaction have been met, the purchase of Renault Hungária is expected to be completed on the 1st of October this year, helping the AutoWallis Group take another step towards becoming a major vehicle trading company and mobility service provider in the Central and Eastern European region.

2022.09.06.

AutoWallis saw enormous growth in the first half: Earnings per share increased by more than two and a half times

In the first half, the growth of AutoWallis’s profits exceeded even its 34 percent increase in revenue, leading the listed vehicle company to again close a new record half-year. The company’s net profit increased more than three-fold and its EBITDA more than doubled, meaning earnings per share was HUF 9 in the first half, more than at any time during the previous year. These excellent results are not unique but are part of a long-term trend; accordingly, AutoWallis also expects to set new records in all areas for the year as a whole.

2022.08.31.

AutoWallis saw enormous growth in the first half: Earnings per share increased by more than two and a half times

In the first half, the growth of AutoWallis’s profits exceeded even its 34 percent increase in revenue, leading the listed vehicle company to again close a new record half-year. The company’s net profit increased more than three-fold and its EBITDA more than doubled, meaning earnings per share was HUF 9 in the first half, more than at any time during the previous year. These excellent results are not unique but are part of a long-term trend; accordingly, AutoWallis also expects to set new records in all areas for the year as a whole.

2022.08.31.

AutoWallis key managers received shares under the Employee Share Ownership Plan

As the expectations specified in AutoWallis’s three-year Employee Share Ownership Plan (ESOP) launched in 2019 have been fulfilled, the participating 23 key managers, most of whom have been working for the Group for more than 15 years, have received a total of 3.3 million shares. The automotive company of the Budapest Stock Exchange launches similarly structured remuneration policies every year, helping support the realization of its strategic objective: to become a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade.

2022.08.09.

AutoWallis appoints an ESG Director and consultant

As the next step in preparing for ESG certification, the AutoWallis Group has appointed a new ESG Director and has selected a consultant to support the certification process. The listed automotive company aims to have the members of the Group, present in 14 countries in the region, operate along the lines of a uniform ESG strategy and to prioritize sustainability goals when making their decisions.

2022.07.25.

The AutoWallis Group becomes the official mobility provider of the Hungarian Kayak-Canoe Team

The AutoWallis Group has concluded a cooperation agreement with the Hungarian Canoe Federation, making the automotive company registered on the Hungarian stock exchange the home kayak-canoe team’s official mobility provider. In addition to the vehicles provided to the athletes, the mobility service provider present in 14 countries in the region will also support the sports federation with a fleet of vehicles for international competitions held in Hungary.

2022.07.20.

AutoWallis is picking up the pace: new sales records in all areas

The AutoWallis Group is breaking records in all of its business segments, with 60 percent of last year’s total annual vehicle sales already achieved in the first six months of this year. The group, which is present in 14 countries in the region, sold 15,379 vehicles in the first half of the year, up 32 percent on the previous year, despite the series of difficulties experienced by the automotive industry. At 44 percent, the greatest growth was seen by the Distribution Business Unit, with the vehicle sales of the Retail & Services Business Unit also seeing growth above 10 percent and the number of service hours increasing by 24 percent. The Group’s vehicle rental division also performed well even before the summer peak season: the number of rental events more than doubled and the number of rental days increased by almost a quarter.

2022.07.15.

Scope Ratings has affirmed AutoWallis’s B+ credit rating

Scope Ratings has affirmed AutoWallis Plc’s B+ credit rating score. The independent institute affirmed its rating of the automotive company registered on the Hungarian stock exchange with a stable outlook, despite the number of factors that cause uncertainty in the global economic outlook.

2022.07.15.

AutoWallis’s shareholders have elected a new Supervisory Board member

AutoWallis held an extraordinary General Meeting where shareholders elected Petra Birkás as Supervisory Board member and decided on a number of other issues.

2022.07.01.

Sixt, a member of the AutoWallis Group, has opened its new technical base near Budapest Ferenc Liszt International Airport

Sixt, a member of the AutoWallis Group, has built its new technical base in Vecsés, near Budapest Ferenc Liszt International Airport. Of the HUF 705 million investment project, HUF 282 million was provided by the Ministry of Foreign Affairs and Trade as part of a grant. AutoWallis classified the construction of the new base a green project, devoting special attention in the course of project implementation to sustainability and to ensuring that the new location is suitable for servicing the electric vehicles of car sharing programs and fleet providers.

2022.06.28.

AutoWallis sees record revenue and earnings despite industry challenges

AutoWallis Group, present in 14 countries in the region, closed the first quarter with growth that far exceeded the market average and an exceptional improvement in efficiency. The Group’s net earnings increased more than five-fold to HUF 1.9 billion, its EBITDA more than doubled to HUF 3.1 billion, and its revenue increased by 18 percent. This growth was organic only, driven mainly by the expansion of the Distribution Business Unit.

2022.05.28.

AutoWallis to gain ownership of the real estate housing to Ljubljana dealerships

AutoWallis will gain ownership of the real estate home to the largest BMW dealership in Slovenia. The automotive company registered on the Hungarian stock exchange is to acquire the property in central Ljubljana after having taken over the BMW dealership it houses in 2020 and then opening a Land Rover dealership on it. Thanks to this series of transactions, AutoWallis has become a major player on the Slovenian market: it sells 5 vehicle brands in 5 cities and is examining the possibility of including additional brands and making new acquisitions.

2022.05.27.

The Budapest Festival Orchestra is launching a talent scout program with support from AutoWallis

Budapest Festival Orchestra, rated among the world’s top ten classical music ensembles, is launching a program to find and develop young musical talent. The complex program, which is already keeping tabs on the development of 11 young talents, is supported by the AutoWallis Group, which itself relies on the value-added work of talented young people.

2022.05.25.

AutoWallis launches yet another new ESOP remuneration policy

AutoWallis has launched its third results-based remuneration policy to support its strategic goals as part of the Employee Share Ownership Plan (ESOP). The goal of the two-year remuneration program is to provide further incentives to a certain circle of managers and employees and make them interested in the achievement of strategic goals.

2022.05.24.

AutoWallis to use its record profits continue growth strategy

AutoWallis’ General Meeting has decided to allow treasury shares purchases, authorized capital increases, and passed resolutions on how to utilize its after-tax profits, among other items. The shareholders of the listed automotive company intend to use last year’s profits to further implement its dynamic growth strategy.

2022.04.29.

AutoWallis Sales Report Q1, 2022

AutoWallis Group sales continue to perform above the market average. Compared to the same period last year, the automotive company registered on the Hungarian stock exchange sold 11 percent more vehicles in the first quarter, for a total of 7,410 vehicles. The Group’s vehicle rental division also performed well: the number of rental events more than doubled and the number of rental days increased by almost 30 percent.

2022.04.19.

AutoWallis to be granted Renault, Dacia and Alpine distribution rights in cooperation with a major player on the European automotive market

AutoWallis Plc. is purchasing Renault Hungária Kft. together with a major player on the European automotive market, the Portuguese Salvador Caetano Group, thus attaining exclusivity for sales of vehicles of Renault, Dacia and Alpine brands in Hungary. This transaction is submitted to the approval of the relevant competition authorities. The start of operations of the new organisation is scheduled for July 1st, 2022.

2022.04.07.

AutoWallis may continue its growth on the Slovenian market after completing the purchase of Avto Aktiv

The AutoWallis Group has successfully closed the buyout of the activities and the purchase of the real estate properties of Avto Aktiv, allowing the automotive company registered on the Hungarian stock exchange to concentrate on continuing its growth. Thus far, AutoWallis has carried out two successful acquisitions in Slovenia, making it a major player on the nation’s vehicle retail market: it sells 4 vehicle brands in 5 cities and is examining the possibility of including additional brands and making new acquisitions.

2022.04.05.

AutoWallis closed 2021 with record profits exceeding its plans

The AutoWallis Group closed 2021 with profits significantly exceeding its own plans and an EBITDA of HUF 7.8 billion, despite the prolonged coronavirus epidemic and manufacturing difficulties due to chip shortages. The revenue of the automotive company registered on the Hungarian stock exchange set a new record by more than doubling to nearly HUF 200 billion, while its margin generation and operational efficiency increased significantly. In addition to earlier acquisitions, AutoWallis’s expansion was driven by organic growth that surpassed domestic and regional market averages.

2022.04.05.

Another vehicle brand is being added to the AutoWallis’s retail portfolio

AutoWallis continues its growth and expands the number of vehicle brands sold by the Group’s Retail & Services Business Unit by starting retail sales of SsangYong vehicles in Hungary. AutoWallis already represents the South Korean brand on three regional markets besides the Hungarian, but it has previously concentrated on the Distribution Business Unit. This step is well aligned with the Group’s strategy to grow organically through acquisitions and business development, making the brands it already represents, together with related services, available in more and more countries in the retail sector.

2022.03.21.

The weight of AutoWallis shares in the BUX index almost doubles

The weight of AutoWallis shares in the BUX basket increases by more than 90% compared to the last Budapest Stock Exchange resolution of last September. Based on this decision, the shares of the listed automotive company will have a weight factor of 0.5098% in the index as of March 21, thereby occupying the 10th highest position in the list.

2022.03.16.

No negative effects on AutoWallis’s business and strategy by the Russian-Ukrainian war

The Russian-Ukrainian war and the economic sanctions imposed on Russia have no direct effects on AutoWallis Group’s business. The Group is present in 14 countries in the Central and Eastern European region but has no interests in Russia or Ukraine; moreover, it represents 16 brands, so its activities are diversified and crisis-proof. AutoWallis maintains the updated strategy and planned figures published last autumn and considers the Company’s share price to be undervalued given the analyst consensus. However, management is monitoring the situation in Ukraine with concern and hopes for a reassuring conclusion as soon as possible.

2022.03.03.

Best of BSE: AutoWallis has again been recognized with the “The Share Capital Increase of the Year” Award

AutoWallis has once again won the “The Share Capital Increase of the Year” Award conferred by the Budapest Stock Exchange (BSE) professional jury at the Best of BSE Award 2021 Gala after the automotive company registered on the Hungarian stock exchange closed its public offering with results that exceeded all expectations.

2022.02.23.

AutoWallis Sales report Q1-Q4, 2021

In line with its strategic plans, AutoWallis sales set new records in all areas in 2021. The Group is present in 14 countries in the region and tripled its figures from the previous year, selling more than 25 thousand vehicles last year. Within this figure, the sales of the Retail & Services Business Unit more than doubled to 8.5 thousand and sales of the Distribution Business Unit quadrupled to 16.5 thousand. The vehicle rental sector also showed strong figures: after the drop due to the pandemic in the previous year, the number of rental days exceeded 2019 levels, increasing by more than one and a half times to over 164 thousand in 2021. The number of service hours also showed a positive trend, doubling to over 130 thousand. The Group’s explosive growth was thanks to both organic development and its transactions.

2022.01.17.

Kalliwoda Research: Buy recommendation and a 12-month price target of HUF 230 for AutoWallis shares

2022.01.06.

The competition authority has approved AutoWallis’s Slovenian transaction: the company may gain ownership of Avto Aktiv

The Slovenian competition authority has granted its approval for AutoWallis to purchase Avto Aktiv’s activities and real estate properties. A major automotive company in Slovenia, Avto Aktiv has been selling and servicing 4 vehicle brands in 5 cities for almost 20 years. This is the second acquisition in Slovenia by the automotive company of the Budapest Stock Exchange, and it is currently investigating the opportunities for the sale of further brands in the Central European country alongside the established 4 vehicle brands.

2022.01.05.

AutoWallis appoints a new director to head up its subsidiary

Starting from January, the AutoWallis subsidiary Wallis Motor Pest and Duna will be led by a new Managing Director: Sándor Mátrabérci joins the Group with 20 years of experience in the upper management of premium vehicle brand sales. In the future, Péter Antal, the former leader of the two companies, will concentrate on managing the AutoWallis Group’s Retail & Services Business Unit exclusively and on ensuring that the targets laid down in the strategy are met.

2022.01.04.