Predict your next investment

Asset/Investment Management
autowallis.hu

See what CB Insights has to offer

Investments

1

About AutoWallis

AutoWallis PLC operates as an asset management company that represents traditional, conservative business policy through the continuous expansion of its portfolio focusing on automotive investments.

AutoWallis Headquarter Location

Benczúr utca 43. II. em. 3.

1068,

Hungary

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest AutoWallis News

AutoWallis registers growth in new vehicle sales

Nov 4, 2020

Bence Gaál  Wednesday, November 4, 2020, 15:20 The domestic business unit of AutoWallis saw a rebound to growth in the third quarter, as new vehicle sales within Hungary were up by 19%, while the number of new vehicles sold on the international markets increased by 22%. Domestic and international sales together accounted for an accumulated increase of 22%. The company argues that this is comparable to the growth dynamics experienced prior to the downturn brought about by the coronavirus, and signals growth even without the impact of business developments and acquisitions carried out this year. Gábor Ormosy, the CEO of AutoWallis, mentioned that the management of the group’s subsidiaries adjusted their capacities to the temporary changes in the business environment as much as possible. He added that at the same time, they were prepared to meet new or postponed demands emerging with the recovery of the economy, whose signs were already noticeable in the third quarter in the number of purchases from stock and delayed repair and maintenance services now being performed. The CEO noted that the third quarter also saw organic growth, as a result of which domestic and international sales figures for the first nine months of the year reached a total increase of 19–27% year-on-year, while service utilization rose by 10%. Ormosy pointed out that AutoWallis continued its business development efforts in this period. As a result, altogether six domestic and regional acquisitions were announced, out of which the acquisitions of Iniciál Autóház and Wallis Kerepesi are already partially reflected in the current data. However, the positive impacts of all acquisitions will only fully show in the 2021 figures. Partly due to its expanding markets and changing model portfolio, the group’s International Distribution Business Unit increased new vehicle sales by 26.6% to 1,963 in the first nine months of the year compared to last year. New vehicle sales at the Domestic Distribution Business Unit enjoyed a substantial upswing, resulting in an increase of 19% to 2,775, which is significantly better than the 15% shrinking of the Hungarian market registered by DataHouse. The size of the companyʼs available rental fleet was decreased by 26.2% to 437, with some vehicles being utilized for alternative purposes (such as courier services), and with part of the fleet being leased long-term. In contrast, the third-quarter performance of repair and maintenance services, together with the impact of transactions, completely made up for the downturn experienced in the first six months of the year: the number of service hours increased by 10% in the first nine months, which translates into a total of 41,733 service hours provided to partners of the group. The Hungarian Export Credit Agency (EXIM) became the talk of the town recently, after successfully performing a bond issuance, raising an unprecedented amount of financing on the market. In addition, huge European and OECD markets for export credit insurance have opened up for EXIM as a result of EU regulation relaxations brought about by COVID-19. We talked about these developments and new world economic trends with Gergely Jákli, president and CEO of EXIM Hungary. Wed, Nov. 4, 2020, 10:30  Wed, Nov. 4, 2020, 10:00  Tue, Nov. 3, 2020, 09:30

AutoWallis Investments

1 Investments

AutoWallis has made 1 investments. Their latest investment was in Inicial as part of their Corporate Minority on July 7, 2019.

CBI Logo

AutoWallis Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/1/2019

Corporate Minority

Inicial

Yes

1

Date

7/1/2019

Round

Corporate Minority

Company

Inicial

Amount

New?

Yes

Co-Investors

Sources

1

AutoWallis Acquisitions

3 Acquisitions

AutoWallis acquired 3 companies. Their latest acquisition was Avto Aktiv on September 14, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/14/2021

Acq - Fin

1

3/30/2020

Subscribe to see more

$99M

Subscribe to see more

10

8/1/2019

Corporate Minority

Subscribe to see more

$99M

Subscribe to see more

10

Date

9/14/2021

3/30/2020

8/1/2019

Investment Stage

Corporate Minority

Companies

Subscribe to see more

Subscribe to see more

Valuation

Total Funding

$99M

$99M

Note

Acq - Fin

Subscribe to see more

Subscribe to see more

Sources

1

10

10

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.