After an extremely successful year, the AutoWallis Group continues its growth story

By: Trademagazin Date: 2024. 04. 05. 10:13

The increasingly dominant car trade and mobility service provider in the Central and Eastern European region can use the dividend fund formed on the basis of the EBITDA result of HUF 20 billion achieved last year with record sales of HUF 366 billion to finance intensive expansion. After another record year in 2023, the AutoWallis Group plans further dynamic growth, which can be further managed by the management under the strategic leadership of a renewed Board of Directors after the annual general meeting.

AutoWallis Nyrt. will hold its annual ordinary general meeting on April 26, at which the shareholders will decide, among other things, on the use of the 2023 record profit, as well as on the restructuring of the Board of Directors and the Supervisory Board. AutoWallis entered the Budapest Stock Exchange five years ago, during which time the company showed tremendous growth despite the constantly changing industry and economic environment. In this half-decade, AutoWallis’ sales revenue quadrupled and its profit jumped tenfold, thanks to the consistently implemented growth strategy, during which the expansion was supported by acquisitions in addition to organic development. During its stock market career, the auto trade and mobility service provider, which is increasingly dominant at the regional level and is now present in 16 countries, has raised HUF 48 billion from the capital market, made more than 10 acquisitions, and the number of brands it represents has increased from 9 to 24.