Further growth is supported by AutoWallis’ profit last year

At the annual general meeting of AutoWallis, shareholders approved the company’s 2024 annual report, which now includes AutoWallis’ fourth Sustainability Report, which now complies with the European Sustainability Reporting Standards (ESRS). The company, listed in the Budapest Stock Exchange Premium category, closed last year with consolidated sales of HUF 398 billion and EBITDA of HUF 20.2 billion.

The shareholders also decided on the use of the 2024 profit and the dividend fund generated in the year (HUF 22.7 billion): they accepted the proposal of the Board of Directors, according to which, in order to support the growth strategy of AutoWallis, which represents 27 brands in 16 countries in the region, the 2024 profit will be transferred to the retained earnings instead of paying dividends. The shareholders also authorized the Board of Directors to increase the share capital to a maximum of HUF 10 billion within five years, in accordance with the previous authorization, which is now expiring, if it deems this necessary, for example, for growth or larger acquisitions. The general meeting also renewed the Board of Directors’ previous authorization to purchase treasury shares corresponding to a maximum of 25 percent of the share capital. AutoWallis published its updated strategy last spring, in which it plans to double sales and profits and an international growth story by 2028. The move came after the company exceeded its previously set 2025 targets for several financial indicators in 2023.