Wallis Group turns 35: BSE Legek awards recognize its capital market performance

By: Trademagazin Date: 2025. 02. 19. 10:27

The Wallis Group was recognized for its performance over the past 35 years with the BSE Special Award for Capital Market Development. The investment group, which owns and operates leading Hungarian and regional companies, has built several successful stock market stories throughout its history and has significantly contributed to the development of the regional and domestic economy and capital market. Its portfolio companies are now proving throughout Europe that serious growth and significant business successes can be achieved even starting from Hungary.

The Stock Exchange Advisory Board of the Budapest Stock Exchange (BSE) awarded the Wallis Group the “BSE Special Award for Capital Market Development”, which was received by Tibor Veres, founder and owner of the Wallis Group, at the Legek awards ceremony. The recognition is appropriate because the investment group is celebrating its 35th anniversary this year and has built several outstanding capital market success stories since its establishment. Today, it owns and operates companies with a regional reach and a dominant position in their own markets. Tibor Veres said upon receiving the award: the Wallis Group’s performance over the past three and a half decades clearly shows that with persistent work and expertise, serious growth can be achieved by taking advantage of capital market opportunities. Starting from Hungary, Wallis is building international success stories, and its portfolio companies are now dominant players in Germany, Poland and many countries in the Central and Eastern European region. He added: these results could not have been achieved without the excellent professionals of the Wallis Group, so the BÉT Legek award is also a recognition of their dedicated work.

The Wallis Group has been an active player in Hungarian and Central European economic life for 35 years. Wallis, which started its activities in Hungary, has now developed into an investment group that owns and operates dominant companies in 17 European countries. In 2000, Wallis invested in Graboplast, a flooring manufacturer with a significant history, which has grown into one of the leading specialist flooring manufacturers in Central Europe over the past 120 years. In 2016, Wallis acquired one of the largest Hungarian DIY store chains, Praktiker. The DIY chain, which thus became exclusively Hungarian-owned and has a nationwide network, has been operating with a stable financial background and a consolidated market position ever since, and its mission is to help Hungarian families achieve their home renovation goals and professionals achieve their construction goals.