Published: December 05 2023
AutoWallis, a company listed on the Budapest Stock Exchange, has exceeded its 2022 revenue expectations in just 9 months. The company operates in 16 countries and has achieved a 36% increase in revenue, with 58% of it coming from foreign markets.
Strong Performance and Growth
Despite the challenging economic environment, AutoWallis has maintained steady growth since being listed on the stock market. The company attributes its success to its unique portfolio of countries, brands, and activities. As a result, AutoWallis is on track to achieve all of its major sales and business targets for 2025 by the end of this year. This may lead to a revision of the targets in the first half of next year.
Acquisitions and Organic Growth
In the first three quarters of the year, AutoWallis made strategic acquisitions in the services sector, in addition to significant organic growth. The wholesale of the Opel and SsangYong brands has seen dynamic increases, contributing to a 35% revenue increase in the Distribution Business Unit and a 37% increase in the Retail & Services Business Unit.
Improved Margins and Effective Pricing
AutoWallis has been able to improve its margin to 16.4% by implementing an effective pricing policy in a high inflation environment. This has been beneficial in the purchasing and sale of new and used cars, allowing the company to maintain profitability.
Financial Performance and Outlook
AutoWallis experienced a 38% growth in EBITDA, surpassing its initial target for the entire year of 2025. The company's net result also saw a significant increase of 34%, and the earnings per share have already surpassed the values of the previous year.
Overall, AutoWallis has demonstrated strong performance and growth, outperforming expectations in a challenging economic environment. With a unique portfolio and successful acquisitions, the company is positioned for continued success in the future.
Questions & Answers
What is AutoWallis? AutoWallis is a company listed on the Prime Market of the Budapest Stock Exchange that operates in the automotive industry. It is present in 16 countries and has a diverse portfolio of countries, brands, and activities.
How has AutoWallis performed in terms of revenue in 2022? AutoWallis has surpassed its revenue expectations for 2022 in just 9 months. Its revenue has increased by 36% to HUF 283 billion, with 58% of the revenue obtained from foreign markets.
What is the growth rate of new vehicle markets in the countries where AutoWallis operates? The new vehicle markets in the countries where AutoWallis operates have seen growth of 13% in the same period.
Has Hungary seen growth in its new vehicle market? No, Hungary has seen a decrease of 3.2% in its new vehicle market.
What factors contribute to AutoWallis' ability to perform well in the current economic environment? AutoWallis attributes its ability to perform well in the current economic environment to its unique portfolio of countries, brands, and activities. The company is on a crisis-proof path of growth and has consistently performed well since it was listed on the stock market almost five years ago.
What acquisitions has AutoWallis made in the first three quarters of 2022? In the first three quarters of 2022, AutoWallis has made acquisitions in the area of services, including Net Mobilitás, Nelson Flottalízing, and Wallis Autómegosztó. Additionally, the company has seen significant organic growth, particularly in the wholesale of the Opel and SsangYong brands.
How much has the Distribution Business Unit and Retail & Services Business Unit of AutoWallis seen an increase in revenue? The Distribution Business Unit of AutoWallis has seen an increase of 35% in revenue, while the Retail & Services Business Unit has seen an increase of 37% in revenue.
What is the current margin of AutoWallis Group? The AutoWallis Group has improved its margin to 16.4% from the base period value of 15.7%.
What has contributed to the improvement of AutoWallis Group's margin? The improvement of AutoWallis Group's margin is primarily attributed to the effective pricing policy applied in the high inflation environment, both in the purchasing and sale of new and used cars.
Has there been an increase in the number of employees at AutoWallis? Yes, there has been an increase in the number of employees at AutoWallis. The Group's average headcount increased by 121 to 954 people.
What has led to the increase in personnel expenses at AutoWallis? The increase in personnel expenses at AutoWallis is primarily due to the increase in staff numbers from acquisitions and the increase in wages implemented to keep up with labor market changes.
What is the growth rate of AutoWallis' EBITDA? The growth rate of AutoWallis' EBITDA is 38%, reaching HUF 17.5 billion.
How does AutoWallis' net result compare to the previous year? AutoWallis' net result of HUF 10.2 billion exceeds last year's similar figures (HUF 7.6 billion) by 34%.
What is AutoWallis' earnings per share in the first nine months of 2022? AutoWallis' earnings per share reached HUF 22.6 in the first nine months of 2022, surpassing the values of all of last year.
