Autowallis - On Track To Deliver Exceptional Growth This Year
On track to deliver exceptional growth this year
- AutoWallis posted exceptionally strong revenue of HUF 73 bln for Q2/21 (+50% YoY), therefore during the first six month of 2022 it generated two-third of revenue (HUF 131 bln) of the entire last year (HUF 195 bln. In addition to the organic expansion growth driven by wholesale of OPEL and SsangYong vehicles. The Slovenian AvtoAktiv’s retail sales also contributed to the outstanding sales performance.
- EBITDA rose 23% YoY to HUF 3.8 bln, resulting in an EBITDA margin of 5.14% (up from 3.47% in Q2/21), while total net profit attributable to shareholders of the parent company came in at HUF 2 bln compared to a loss of HUF 1.14 bln in the same period of last year, primarily are due to effective cost management and good pricing measures. As a result, AutoWallis' earnings per share (EPS) were HUF 4.76 in Q2/22 and HUF 9.14 in H1/22 compared with HUF 2.49 and HUF 3.52 YoY, respectively.
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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