The firm said it expects to achieve that growth over the HUF 191 bln-212 bln turnover targeted for 2021 through "transactions already completed, organic growth, and planned new transactions."
It expects its retail business to generate HUF 150 bln-160 bln of group revenue in 2025, while turnover of the wholesale business reaches HUF 250 bln-273 bln. It sees EBITDA rising over HUF 14 bln by 2025.
AutoWallis said it plans to tap the equities market before yearend, drawing in HUF 6 bln-8 bln from both retail and institutional investors to finance new acquisitions and developments. The auto seller added that it might need further resources of HUF 16 bln-38 bln for transactions in the pipeline.
It aims to raise the number of retail investors who hold its shares by "at least 20%". It wants to boost its free float (a little over 30% at present) to more than 35%.
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