AutoWallis - AutoWallis’ sales figures for FY2021 were ahead of expectations
AutoWallis released its preliminary sales figures for FY2020, which showed that the
car distributor company sold more than 25,000 vehicles (new and sold ones
altogether) last year, ahead 11% of our estimate, implying 200% growth YoY.
Specifically, wholesales of new vehicles increased by 315% YoY to 16,501 from 3,980
units, and the number of vehicles sold to retail customers rose by 94% to 8,533 from
4,396. The Service Provider Business unit, which is far cry the largest EBITDA margin
contributor, also performed very well with a growing number of service hours (+98%
YoY), exceeding our estimate by 35%, while the number of rental days in the field of
vehicle rentals increased by 62% and the number of rental events also increased by
63% YoY.
AutoWallis Nyrt Formerly known as Altera Vagyonkezelo Nyrt. AutoWallis Nyrt, formerly known as Altera Vagyonkezelo Nyrt, is a Hungary-based investment company, with a focus on the automotive sector. The Company is engaged in retail and wholesale trade, service, short and long-term car rental. The Company is active in Central and Southeast Europe.
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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