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    AUTOWALLIS   HU0000164504


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AutoWallis Nyilvánosan Muködo Reszvenytársaság : new shares were ceremoniously listed on the stock exchange

11/24/2021 | 08:20am EST


AutoWallis business developments expected in a value of HUF 16-38 billion

AutoWallis's new shares were ceremoniously listed on the stock exchange

Budapest, November 24, 2021 - AutoWallis's new shares are available for trading in the Premium category of the Budapest Stock Exchange starting today, after the successful closure of the public offering process. The public offering of HUF 10 billion goes a long way in supporting AutoWallis Group's goal of using the received amount to implement business developments and acquisitions in a value of HUF 16-38 billion, which help the company in becoming a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade.

After the public offering was closed with interest from investors that far exceeded all expectations, AutoWallis's 85,470,085 new shares derived from the public transaction were admitted to the Hungarian trading floor in a ceremonious ringing of the bell at the Budapest Stock Exchange (BÉT). Trading was started by BÉT CEO Richárd Végh and AutoWallis CEO Gábor Ormosy. The significance of the AutoWallis share offering is shown by the fact that it was the first on the regulated Budapest Stock Exchange market

since 2017, with retail subscription of this magnitude not seen on the Hungarian trading floor in more than 10 years. Compared to the preliminary plan of HUF 6-8billion, investors submitted subscription applications totaling more than HUF 17 billion in the public offering closed on November

9. The listed vehicle company ended up issuing shares for HUF 10 billion at the rate of HUF 117, in the top third of the price range announced before the offering.

After AutoWallis's successful public offering and the admission of the shares to the stock market, BÉT CEO Richárd Végh explained that this increase in capital is a milestone not only for the company but also for the Budapest Stock Exchange and in fact the entire capital market ecosystem, as the last traditional IPO in Hungary was in 2017. He added that AutoWallis's presence on the stock market is a perfect example of how a company can utilize the possibility of growth offered by the capital market, and it should help inspire other stock exchange actors.

At the time of the IPO, Gábor Ormosy, CEO of AutoWallis, explained that the primary goal of raising capital is to provide financing for the HUF 16-38 billion in business developments and acquisitions planned by 2025. He emphasized that the Group's listing on the stock exchange in 2019 and its public operation has had many advantages, which contribute to making it one of the most dynamically growing companies on the Hungarian trading floor. AutoWallis's revenue is planned to be HUF 191-212 billion this year and may double to more than HUF 400 billion by 2025. The Group is proud that more than 1,200 investors have participated in the current public offering, and the Company now has almost 4,000 shareholders. Gábor Ormosy added that the increase in capital and the expansion of the range of investors helped fulfil a previous capital market-related goal, and the Company is continuing on its path that will allow AutoWallis to become a major vehicle trading

company and mobility service provider in the Central and Eastern European region by the end of the decade.

In the picture, from left to right:

Richárd Végh, CEO of Budapest Stock Exchange

Gábor Ormosy, CEO of AutoWallis Plc.

Gábor Székely, Investment Director of AutoWallis Plc.

Zsolt Müllner, chairman of the Board of Directors of AutoWallis Plc

AutoWallis Plc.

AutoWallis Plc., a company listed in the Premium category of the Budapest Stock Exchange, as well as in the BUX and BUMIX indices, aims to become a major vehicle trading company and mobility service provider in the Central and Eastern European region by 2029. The company intends to operate as an asset management company that represents a traditional, conservative business policy through the continuous, acquisition-based expansion of its portfolio focusing on automotive investments. The AutoWallis group is present in 14 countries of the Central and Eastern European region (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Kosovo, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, Slovenia), where it is engaged in the retail and wholesale of vehicles, parts, and accessories, in repair and maintenance services, as well as in short- and long-term vehicle rentals. The brands represented by the group include BMW cars and motorbikes, Dacia,

Isuzu, Jaguar, Land Rover, Maserati, MINI, Nissan, Opel, Peugeot, Renault, SsangYong, Suzuki, and Toyota, as well as Saab spare vehicle parts, and Sixt rent-a-car. AutoWallis received "The Share Capital Increase of the Year" award at the Best of BSE Award 2020 Gala. www.autowallis.hu www.facebook.com/AutoWallis

Further information:

Dániel R. Kovács, Financial Communications

Mobile: +36-20-771-8710

E-mail: r.kovacs@fincomm.hu


AutoWallis plc published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 13:19:02 UTC.

© Publicnow 2021
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Sales 2021 211 B 663 M 663 M
Net income 2021 - - -
Net Debt 2021 24 791 M 77,9 M 77,9 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 51 660 M 162 M 162 M
EV / Sales 2021 0,36x
EV / Sales 2022 0,29x
Nbr of Employees 706
Free-Float 30,7%
Duration : Period :
AutoWallis Nyilvánosan Muködo Részvénytársaság Technical Analysis Chart | AUTOWALLIS | HU0000164504 | MarketScreener
Income Statement Evolution
Mean consensus BUY
Number of Analysts 2
Last Close Price 121,50 HUF
Average target price 206,00 HUF
Spread / Average Target 69,5%
Managers and Directors
Zsolt Müllner Chairman-Management Board
Gábor Ormosy Chief Executive Officer
Attila László Chikán Chairman-Supervisory Board
Gábor Székely Chief Investment Officer
György Ecseri Member-Supervisory Board