AutoWallis Group closed 2024 with growth and stable profit even in a volatile environment

The sales engine was retail, while the group’s overall performance and sales margin were negatively affected by the sale stocks sold last year due to the EU emission regulations that will come into effect this year.

AutoWallis will continue to implement its growth strategy in 2025, examine regional acquisition and business development opportunities, and exploit the expansion and synergy opportunities inherent in previous transactions.

Gábor Ormosy, CEO of AutoWallis Group, said when evaluating the results that sales revenue, EBITDA and earnings per share in 2024 met or exceeded the latest expectations of Concorde, MBH Investment Bank and OTP, which analyzed the company.

The number of registered new passenger cars increased by 0.8 percent in the EU markets and by 4-14 percent in the Group’s key markets, an average of 7 percent in 2024 compared to the previous year.

A significant part of the region has entered a growth path with declining inflation and a slow start to economic growth. In 2024, the region’s market showed stable growth, but at the same time, dealer and importer inventories increased due to increased production capacities compared to previous years and a slowdown in the pace of customer contracts in certain markets, to which market players periodically responded with significant price discounts and various other promotions.

The challenges affecting car manufacturers (tightening of CO2 quotas due to the CAFE – Clean Air for Europe regulation, temporary problems with electrification) had an adverse effect on industry margins and the weakening of the forint at the end of the year also temporarily affected the group.