AutoWallis will use the proceeds from the issue to fund its expansion abroad and acquisitions. The car seller said it planned to make 2-3 acquisitions a year in the coming years.

AutoWallis is present in 16 countries in Europe and announced its biggest acquisition yet, of Czechia's MILAN KRAL, in November. The company plans to plough around HUF 80bn into its business by 2028, boosting annual revenue to HUF 750bn and EBITDA to HUF 40n by 2028, double the levels in 2023.

AutoWallis counts Alpine, BYD, Dacia, Isuzu, Farizon, Jaguar, Land Rover, MG, Saab parts, Renault, SsangYong and Opel among the brands in its wholesale portfolio.

Brands in the retail portfolio include BMW cars and motorcycles, BYD, Dacia, Isuzu, Jaguar, KIA, Land Rover, Maserati, MINI, Nissan, Opel, Peugeot, Renault, SsangYong, Suzuki and Toyota.

It represents the Sixt rent-a-car brand in Hungary and operates its carsharing and fleet management business under the wigo aegis.

AutoWallis also owns the vehicle listing sites JoAutok.hu and auto-licit.hu.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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