The Hungarian automotive trading company AutoWallis Plc. has informed its investors on the website of the Budapest Stock Exchange that it intends to acquire a 100% stake in the holding company MILAN KRÁL HOLDING of the Czech Republic, for which it has submitted a request for preliminary approval to the Czech competition authority. MILAN KRÁL […]
The acquisition effectively supports the company's strategy, which aims to further expand through acquisitions in addition to organic growth and business development, the AutoWallis Group says in a statement. With the acquisition, the AutoWallis Group is establishes its presence in the Czech car retail market in addition to the Hungarian and Slovenian ones, while its […]
Last year, the number of users of Wallis Car Sharing Plc.'s service wigo increased by almost 30% to over 100,000, with customers covering 15 kilometers in an average 52-minute trip, for a total of 8 million kilometers, the same as in 2022, the company told MTI on Monday. According to the information sheet, the number […]
SAIC Motor and the AutoWallis Group have signed an agreement under which the Hungarian company will become the MG brand's parts distributor in 13 countries of the region, the Hungarian company told MTI on Thursday. With the agreement, AutoWallis will further strengthen its international presence and enter Greece. In the countries concerned (Hungary, Albania, Czech […]
The AutoWallis Group is expanding its services portfolio in one of the mobility market’s most dynamically growing areas, after acquiring ownership of the company (Wallis Autómegosztó Plc.) that operates Share Now in Hungary. As one of the most significant vehicle share service providers on the market, Share Now plans to continue dynamic growth with the […]
AutoWallis Group’s performance continues to significantly exceed the industry average. The Hungarian company, present in 15 countries in the region, almost doubled the number of vehicles sold to reach a figure of 13,800. Though the growth was supported by acquisitions, organic growth was also strong. After four record years, the AutoWallis Group again started the […]
Feeling the need to respond to changes in the automotive industry and the market in general, the retail- and wholesale distribution and mobility services business AutoWallis Group is to publish its first sustainability report. The Group, listed on the Budapest Stock Exchange, is a company operating in 14 countries in the Central and Eastern European […]
The AutoWallis Group closed another record year in 2022 despite another external environment full of challenges last year. The automotive company registered on the Hungarian stock exchange achieved revenue of HUF 270 billion with an EBITDA of HUF 14.5 billion and earnings per share surpassing HUF 19. The growth was primarily organic and exceeded even […]
The automotive company, committed to sustainable operations, was the first company listed in the Premium Category of the Budapest Stock Exchange to develop a Green Finance Framework. In its first Sustainability Report, AutoWallis reviewed its functions, identified the main processes connected to sustainable operations, and transformed its internal information system required for preparing reports. As […]
After the Hungarian Competition Authority granted its approval, the acquisition of the Nelson Group’s fleet management division has been successfully closed by AutoWallis Group, the latter has announced on the website of the Budapest Stock Exchange. By obtaining Nelson, which is among the ten largest players on the fleet management market, the automotive company has […]
Sales of the AutoWallis Group set new records in all divisions and areas in 2022, continuing down the path of dynamic growth with the aim of becoming a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade, the Group said on the website […]
The AutoWallis Group is continuing its path of growth after all business units experienced double-digit growth in all areas in the first nine months of the year, with sales in many areas already higher than last year as a whole. This means that the crisis-resistant strategy of the Group, present in 14 countries in the […]
AutoWallis Plc. is purchasing Renault Hungária Ltd. together with a major player on the European automotive market, the Portuguese Salvador Caetano Group, thus attaining exclusivity for sales of vehicles of Renault, Dacia and Alpine brands in Hungary. A statement on the website of the Budapest Stock Exchange says the transaction is submitted to the approval […]
In line with its earlier plans, AutoWallis plans a public raising of capital, and it has already taken the necessary preparatory steps. The listed vehicle company plans to raise between HUF 4 and 6.5 billion in institutional and retail capital in the interest of financing the growth strategy it had announced earlier. A report on […]
ALTEO and AutoWallis have signed a strategic cooperation agreement to coordinate their e-mobility services in the future. The agreement between the two companiesis based on their commitment to sustainable and transparent operations and the transition to a green economy. The agreement also covers the sale of innovative energy solutions for charging e-cars. The cooperation agreement […]
