Autowallis - Breathtaking Q3/22 Results
Breathtaking Q3/22 results
- AutoWallis posted exceptionally strong revenue of HUF 77.7 bln for Q3/22 (+62% YoY), therefore during the first nine month of 2022 it generated revenue (HUF 208.7 bln) compared with HUF 145.4 bln in the same period of last year and HUF 195 bln in the entire last year. In addition to the organic expansion growth driven by wholesale of OPEL and SsangYong vechiles, the Slovenian AvtoAktiv’s retail sales also contributed significantly to the outstanding sales performance. More than half of AutoWallis' revenues come from export, which was also contributed to by the Slovenian Avto Aktiv, the purchase of which was closed in the spring of 2022.
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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