AutoWallis Group Closes Record Year at Regional Level
AutoWallis Group’s sales have set records across all business units in 2023: the car sales and mobility service provider plays an increasingly important role in the region and has increased its vehicle sales by more than 40% while also showing strong growth in services.
The number of vehicles sold by the company listed in the Prime Market of the Budapest Stock Exchange increased substantially last year, by 43.5%, to 44,909 units. The greatest increase was delivered by the group's Distribution Business Unit, which grew the number of vehicles sold by 57.6% to reach a total of 34,943.
Last year was the first full year after AutoWallis' purchase of Renault Hungaria in October 2022, providing a substantial addition to growth (+7,743 sold vehicles) while the business unit also showed organic growth of 22.7%, in which the SsangYong (+49.1%) and Opel (+10.2%) brands played the most important roles. SsangYong delivered exceptional performance in the Czech Republic, Slovakia, and Romania last year, and the brand started sales activity in Austria as well at the end of the year, the group says.
The group's Retail & Services Business Unit, which operates primarily in Hungary, sold 7,907 new (+8,1%) and 2,059 used (+13.4%) vehicles. The services field in the Retail & Services Business Unit had an increase in service hours of 9.7% to 179,809 hours and realized growth in short-term vehicle rental as well.
Sixt, represented by the AutoWallis Group in Hungary, increased the number of rental events by 5.4% to 23,733, while the number of rental days decreased by 11.2%. Thanks to the acquisition of Nelson Flottalízing Kft. at the beginning of 2023 followed by the purchase of Wallis Autómegosztó Zrt. in August, which operates as Wigo (formerly Share Now) in Hungary, the group's mobility service vehicle fleet is four and a half times larger (+353.7%), allowing it to serve client needs with a total of 3,979 vehicles.
Regarding the 2023 sales figures, AutoWallis CEO Gábor Ormosy highlighted that the record numbers prove that the company’s portfolio of countries, brands, and activities is effectively diversified, allowing AutoWallis to perform well even in a disadvantageous, volatile economic environment.
The CEO stressed that AutoWallis now operates in 16 countries and represents 23 brands, with more than half of its revenue generated abroad; as a result, the Group increasingly considers itself to be a regional player and plans its growth accordingly. The listing of AutoWallis on the stock exchange five years ago and the raising of capital that has taken place since have significantly contributed to the successful implementation of its growth strategy.
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