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AutoWallis H1 revenue climbs 156%

Automotive

Organic growth and acquisitions lifted first-half revenue of listed car seller AutoWallis 156% to HUF 97.7 billion from the same period a year earlier, an earnings report shows.

AutoWallis booked operating profit of HUF 1.7 bln on improved margins. The line was a little under break-even in the base period.

Net income reached HUF 1.2 bln, climbing from a HUF 0.9 bln loss.

Earnings per share stood at HUF 3.5 for the period.

Turnover of AutoWallis's wholesale division increased 181% to HUF 54.9 bln. Vehicle sales in the segment jumped 309% to 7,385.

Revenue of the retail division rose 130% to HUF 42.7 bln as new car sales climbed 247% to 3,428.

AutoWallis booked 62,666 service hours in H1, up 164%.

Days booked at its car rental business increased 102% to HUF 66.2 bln.

AutoWallis said the HUF 200 bln full-year revenue target in its business plan "does not appear achievable", mainly because of delivery delays due to the semiconductor shortage, but it continues to expect EBITDA of around HUF 6 bln as profitability is maintained.

First-half EBITDA was just under HUF 3.2 bln.

Brands represented by AutoWallis include BMW passenger cars and motorcycles, Citroen, Dacia, Isuzu, Jaguar, Land Rover, Maserati, MINI, Nissan, Opel, Peugeot, Renault, Ssangyong, Suzuki and Toyota.

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