The AutoWallis Group has set records in all its business segments in the first half of the year, with 60% of last year's total annual vehicle sales already achieved in the first six months of this year, the company informed the state news agency MTI on Friday.
According to the statement, the group, which is present in 14 countries in the region, sold 15,379 vehicles in the first half of the year, 32% more than in the same period last year, despite the difficulties in the automotive industry.
The biggest increase of 44.3% was achieved by the wholesale business, with 10,659 vehicles sold in the first half of the year, with the SsangYong and Opel brands accounting for the sharp rise, the company said.
The retail division's performance in the second quarter was boosted by the Slovenian Avto Aktiv, but even without it, growth was strong across the board. The business sold 3,783 new and 937 used vehicles in the first six months, up 10.4% and 11.3% respectively year-on-year.
In the retail services business, the number of service hours rose by 24.4 per cent. The Group's vehicle rental business also performed well, with the number of rental events more than doubling. The number of rental days grew at a slower rate of 26%.
The figures continue to show that the number of tourist rentals of shorter duration, typically with higher cover, continued to grow in the quarter prior to the peak summer season, they said.
The statement quotes Gábor Ormosy, CEO of AutoWallis, as saying that the strong performance is driven by the implementation of the updated growth strategy for 2021, a key element of which is the regional presence, currently in 14 countries, and the parallel development and expansion of wholesale and retail activities.
He stressed that this diversified portfolio is the basis for a balanced performance of the group despite a possible economic downturn in a country or a weaker performance of a brand or activity.
Based on consolidated figures under the International Financial Reporting Standard (IFRS), AutoWallis' revenue increased by 121% to HUF 195 billion in 2021. Earnings before interest, tax, depreciation and amortization (EBITDA), adjusted for financial items, increased by 244% to more than HUF 7.82 billion. The company's total comprehensive income was HUF 3.2 billion last year, after a loss in the previous year.
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