Revenue edged up 1pc to HUF 195.2 bln as the company “worked off” a decline in the first quarter caused by delayed deliveries of cars through the Red Sea and Suez Canal. Revenue of the wholesale division fell 9% to HUF 108.7 bln, while revenue of the retail business climbed 15% to HUF 83.1 bln, according to a report by state news wire MTI.
Cost of goods sold edged down 1pc to HUF 162.6 bln, but material costs rose 12% to HUF 4.2 bln, lifted by spending on fuel for its recently acquired car-sharing business, higher volume at its service garages and inflation. Payroll costs jumped 40% to HUF 9.3 bln as headcount climbed because of acquisitions and wage rises.
CEO Gábor Ormosy noted that the company aimed to boost its new car sales over 100,000 by 2028, lifting annual revenue to HUF 750 bln.
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.
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