Based on the decision of its Annual General Meeting, AutoWallis will not pay dividends, the amount available for this purpose will be placed in the profit reserve to support the company's growth strategy, the company told MTI on Friday.
Shareholders approved the company's 2024 report and authorized the board of directors to increase the share capital to a maximum of HUF 10 billion over the next five years, if justified for growth targets or acquisitions. The authorization to buy own shares was also renewed, allowing the Board of Directors to buy own shares up to a maximum of 25% of the share capital.
According to the resolutions published on the website of the Budapest Stock Exchange (BSE) on Friday, the General Meeting approved the company's individual annual report with a total comprehensive income of HUF 7.749 billion and the consolidated report with a total comprehensive income of HUF 7.48 billion.
AutoWallis represents 27 vehicle brands in 16 countries in the region, with consolidated sales of HUF 398 billion in 2024, the company said in a statement.
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