AutoWallis takes a big step, bolstering its presence on the Czech retail market with the largest acquisition in its history

AutoWallis is further strengthening its role as a major regional player by making the largest purchase of its history, having come to an agreement for the acquisition of 100% of the Czech market-based MILAN KRÁL GROUP.

2024.11.15.

Retail sales drive the AutoWallis Group’s record Q3 revenue

The AutoWallis Group achieved record Q3 revenue, the main driver of which continues to be the Retail Business Unit with its above market average growth of 16%. The revenue of the Group, present in 16 countries in the region, grew to HUF 291 billion and its EBITDA topped HUF 14 billion.

2024.11.15.

AutoWallis Group continues to strengthen its presence in Budapest

2024.10.30.

AutoWallis Sales Report: AutoWallis’s vehicle sales see continued growth

The AutoWallis Group’s Retail Business Unit has seen an almost 20% increase in the sale of new vehicles in the first nine months of the year with used vehicle sales growing by 32%. The Distribution Business Unit of the major regional car sales and mobility service provider has continuously increased its year-on-year sales figures since last fall, again setting new records in the third quarter. Bolstered by both organic growth and the Czech acquisition closed in July, AutoWallis expects 2024 sales data to significantly exceed last year’s figures.

2024.10.15.

MBH Investment Bank: HUF 223 target price and buy recommendation for AutoWallis shares

With a 12-month price target of HUF 223 and a buy recommendation, MBH Investment Bank has started tracking AutoWallis Group’s shares.

2024.09.24.

AutoWallis shares to be included in the Vienna Stock Exchange regional index

The Vienna Stock Exchange has decided to include AutoWallis’s shares in the CECE index comprising Central and Eastern European stocks. This step brings the region’s major vehicle trading company and mobility service provider closer to realizing its strategic objectives and it expects to see increased international investor attention in the coming period.

2024.09.18.

Concorde: purchase price increased to HUF 230 with a buy rating for AutoWallis shares

Concorde Értékpapír Zrt. has updated its analysis for AutoWallis Plc. shares. The analyst institute upholds its buy rating for AutoWallis shares with a (12-month) HUF 230 target rate.

2024.08.27.

AutoWallis publishes its ESG strategy

The AutoWallis Group has published its ESG strategy in which the automotive company registered on the Hungarian stock exchange has determined its strategic focus areas pertaining to sustainable operations as well as its related plans. AutoWallis aims to have all members of the Group, present in 16 countries in the Central and Eastern European region, operate along the lines of a uniform ESG strategy and to prioritize environmental, social, and governance aspects when making their decisions.

2024.08.23.

Half year results: The AutoWallis Group sees increased revenue in the first half as retail sales continue to go strong

With record second-quarter revenue, AutoWallis made up the ground it had lost in the first quarter due to external factors: the company’s revenue was HUF 195.2 billion and EBITDA was HUF 9 billion in the first six months of the year.

2024.08.16.

More green investments at the AutoWallis Group

The AutoWallis Group reported on its green investments in 2024 as well, the value of which reached HUF 3.3 billion in the past 3 years, with a number of projects currently under preparation. In its newest annual Green Bond Allocation and Impact Report, the Company provides information on the use of the revenue received from the issue of the HUF 6.6 billion in green bonds issued in 2021, and their environmental effects.

2024.08.12.

Sales Report H1 2024: AutoWallis’s retail sales see continued growth

2024.07.15.

Scope Ratings affirms AutoWallis’s credit rating score in recognition of its successful growth strategy

Scope Ratings has completed the annual review of AutoWallis Plc’s credit rating score, taking into account the company’s new, updated growth strategy and the business plan containing its financing plans. In line with these plans, AutoWallis hopes to again double its figures by 2028 to realize revenue of HUF 750 billion and an EBITDA of HUF 40 billion. The independent institute affirmed its rating of the company and its debts with a stable outlook, recognizing its success in managing exceptional growth.

2024.07.03.

The AutoWallis Group’s fleet management activity continues operations as wigo fleet

Nelson Flottalízing, part of the AutoWallis Group, will be continuing its fleet management activity under the wigo fleet brand name. Together with the rebranding, the AutoWallis Group is consolidating a number of mobility service-related activities in a single company in the interest of better exploiting synergy effects and delivering an even better customer experience. With this step, AutoWallis, listed in the Prime Market of the Budapest Stock Exchange, is creating the first integrated mobility service provider in Hungary.

2024.07.03.

AutoWallis enters the retail market of yet another country

The AutoWallis Group has entered the Czech vehicle retail market after successfully closing the purchase of Stratos Auto’s three BMW dealerships. In the transaction, the major vehicle trading company and mobility service provider in the Central and Eastern European region purchased BMW dealerships in Prague and two other Czech cities.

2024.07.01.

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.

Growth 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.

The 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.

AutoWallis 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.

AutoWallis 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.

2024.04.26.

AutoWallis obtains competition authority authorization for entering the Czech vehicle retail market

As the Czech competition authority has granted its approval for AutoWallis to purchase Stratos Auto’s BMW division, the Hungarian group is expected to enter the Czech vehicle retail market in the first half of this year after the closing conditions are met.

2024.04.22.

The first quarter saw AutoWallis outperforming in retail and the company continues to expect significant growth

The AutoWallis Group’s Retail & Services Business Unit started the year off strong after increasing new vehicles sales by 16%, substantially exceeding the 7% growth seen on the Hungarian market.

2024.04.15.

The AutoWallis Group continues its growth story after an extraordinarily successful year

The vehicle trading company and mobility service provider, playing an increasingly major role in the Central and Eastern European region, may use the dividend base generated based on the HUF 20 billion EBITDA realized along with its record revenue of HUF 366 billion to finance intense expansion.

2024.04.09.

AutoWallis to be importer of the Chinese Geely Group’s electric commercial vehicle brand in 8 regional countries

The AutoWallis Group is further bolstering its international position after reaching an agreement to become the exclusive distributor in 8 Central and Eastern European countries of the Farizon brand of commercial vehicles manufactured by Geely Auto Group. The Chinese Geely Group is one of the largest vehicle manufacturers in the world, leading the way in automotive industry innovations, including self-driving technologies, electric and hybrid vehicles, and other advanced mobility solutions.

2024.03.14.

AutoWallis becomes SsangYong importer in four new markets

The AutoWallis Group is further strengthening its position in the region by acquiring the import rights for SsangYong in four new countries: Bosnia-Herzegovina, Kosovo, Montenegro, and Serbia. Together with the Hungarian market, AutoWallis will now be the exclusive importer of the South Korean brand in nine regional markets.

2024.03.06.

AutoWallis enters the Czech retail market with an acquisition

The AutoWallis Group is breaking into the retail market of yet another country after agreeing on the purchase of the Czech Stratos Auto’s BMW business unit. Under the agreement, AutoWallis will be present in three Czech cities, among them Prague, acquiring close to 10% of the BMW market in the Czech Republic.

2024.03.05.

More than HUF 360 billion in revenue and dynamic growth in profits at the AutoWallis Group in 2023

2024.02.29.

The AutoWallis Group to be Opel importer for another 5 years in Hungary and three other countries in the region

The major German auto maker has extended the AutoWallis Group’s Opel wholesale contract for another five years for four countries in the Central and Eastern European region. As AutoWallis has represented Opel in Hungary, Bosnia-Herzegovina, Croatia, and Slovenia since 2020, the current contract will help bolster cooperation.

2024.02.22.

Five years on the stock market: four-fold revenue and ten-fold profit at AutoWallis Group

The AutoWallis Group has seen immense growth since it was listed on the stock market five years ago: its revenue has increased by a factor of four and its profits by a factor of ten thanks to its consistently implemented growth strategy, in which expansion was supported by both acquisitions and organic development.

2024.02.12.

The primary owner supports the continued growth of AutoWallis with a capital increase of HUF 5.7 billion

The primary owner is supporting AutoWallis’s plans for international growth with a capital increase of HUF 5.7 billion, further strengthening the already strong capital position and balance sheet structure of the regional car sales and mobility service provider.

2024.01.26.

AutoWallis Sales Report Q1-Q4 2023: The increasingly dominant AutoWallis Group closed 2023 with yet another record year at the regional level

The AutoWallis Group’s sales have set records across all business units in 2023: the car sales and mobility service provider plays an increasingly important role in the region and has increased its vehicle sales by more than 40 percent while also showing strong growth in services.

2024.01.15.