AutoWallis, listed on the Prime Market of the Budapest Stock Exchange, improved its operating efficiency: its revenue grew by 21% to HUF 235.4 billion in the first half of the year, while its EBITDA reached HUF 8.1 billion. This is only 10% below last year's figure, while the difference was still 31% at the end of the first quarter. This indicates that the previously announced efficiency-boosting and cost-cutting measures were already successful in the second quarter, while some of their positive effects are expected to materialize later. Gábor Ormosy, CEO of AutoWallis, explained that in the first half of the year, automotive manufacturer campaigns fell short of last year's outstanding level, which had an unfavorable impact, while previously completed acquisitions had a positive effect on the company's results. Sales performance continues to show an upward trend, which was somewhat offset in the first six months by the normalization of margins, as well as the increase in operating costs generated by inflation and the effect of wage increases. The CEO emphasized that due to the efficiency-improving and other measures, AutoWallis achieved an almost HUF 600 million higher EBIDTA in the second quarter compared to the same period last year. Regarding retail trends in the automotive industry, he added that while new vehicle sales in the EU decreased by 1.9%*, AutoWallis' relevant markets were on a growth trajectory of 2-7%, typically accompanied by stabilizing inflation and slowly emerging economic growth. The number of new and used vehicles sold by the company rose by 3.4% to 26.314 units in the first six months of the year.
The Distribution Business Unit achieved a revenue of HUF 111.9 billion, nearly 3% higher than in the previous year's comparable period, with a 3.7% decrease in vehicles sold (partially due to one-off effects), thanks to a change in the composition of vehicles sold and interim price changes. The continuously strengthening regional role of AutoWallis is demonstrated by the fact that more than half of the Distribution Business Unit's sales are now generated abroad on a permanent basis. The profitability of the business unit was reduced by the weaker performance of the Opel brand in the first half (partially due to the late start of production of two new models) and one-off effects.
The Retail Business Unit's revenue increased significantly (+43%) to HUF 119 billion, primarily due to previously completed acquisitions (the takeover of Czech MILAN KRÁL GROUP and NC Auto), while without
acquisitions, the business unit's revenue performed at approximately the same level as the previous year's comparable period (+4%), with slightly decreased (-4%) vehicle sales. This latter decrease can be explained by the base effect caused by excellent manufacturer campaigns in the previous year's first quarter for the Suzuki, Toyota, and Nissan brands.
The revenue of the Mobility Services Business Unit of AutoWallis, grew by 32% to HUF 4.5 billion, thanks to the outstanding first-half performance of Sixt, which provides short-term car rental services, as well as the fleet growth achieved in fleet management services.
AutoWallis'EBITDA was HUF 8.1 billion (-10%) in the first half of 2025, while the EBITDA margin decreased from 4.6% to 3.4%. However, due to the implemented efficiency-improving and other measures, the company achieved an EBITDA result in the second quarter of this year that was nearly HUF 600 million higher than in the same period last year, so the temporary slowdown does not jeopardize the realization of the company's strategy. The cost of goods sold (CoGS) grew at a lower rate than the revenue, by 20% to HUF 195.3 billion, so AutoWallis could realize an increase in its high level of gross margin generation ability from 16.7% in the previous base period to 17%. The 35% increase in personnel expenses is primarily due to a nearly 30% increase in headcount resulting from the acquisitions (the company's average headcount for fully consolidated companies increased by 362 to 1413 compared to the same period last year), as well as wage increases introduced in response to changes in the labor market. The value of financial income and expenses in the first half of 2025 was HUF -1.5 billion, which represents a 39% decrease in expenses compared to the 2024 base period. Interest expenses primarily increased due to the acquisition-related loan taken out in the second half of 2024 and the interest on the bond issued last December. As a result of realized and unrealized exchange rate differences, AutoWallis realized a profit of nearly HUF 700 million, in contrast to a similar amount of loss in the previous year's comparable period.
Evaluating the results, Gábor Ormosy, CEO of the AutoWallis Group, said that the figures for the first half were already positively influenced by the effects of acquisitions and business developments completed in the previous period. He added that the company has mostly developed the acquisition and management competencies necessary to implement its growth strategy, so the related costs have already been incurred during this period, while the full-scale impact of the planned dynamic growth would be realized with transactions planned for later. The CEO added that AutoWallis will continue implementing its growth strategy, exploring domestic and regional acquisition and business development opportunities, as well as capitalizing on the expansion and synergy opportunities inherent in previous transactions.*The automotive market data was provided by ACEA.
AutoWallis results in H1 2025 *
(Value in million HUF)
H1 2025 | H1 2024 | Changes | |
Revenue | 235 417 | 195 166 | +21% |
Distribution Business Unit | 111 866 | 108 672 | +3% |
Retail Business Unit | 119 080 | 83 104 | +43% |
Mobility Services Business Unit | 4 471 | 3 390 | +32% |
Interest income from finance leases | 910 | 966 | -6% |
Material expenses + Own performance capitalized | -6 412 | -4 222 | +52% |
Services | -12 661 | -10 635 | +19% |
Cost of goods sold | -195 308 | -162 623 | +20% |
Personnel expenses | -12 461 | -9 263 | +35% |
Depreciation and amortization | -3 496 | -2 453 | +43% |
Profit of sales | 5 989 | 6 936 | -14% |
Other income and expenses | -1 445 | -446 | +224% |
Operating profit - EBIT | 4 544 | 6 490 | -30% |
Financial gains and losses | -1 527 | -2 499 | -39% |
Share of profit of associates and joint ventures ** | 591 | 447 | +32% |
PROFIT BEFORE TAXES | 3 608 | 4 438 | -19% |
Tax expense | -1 152 | -1 056 | +9% |
NET PROFIT | 2 456 | 3 382 | -27% |
Other comprehensive income (expense) on retranslation of subsidiaries | -348 | 210 | N/A |
Total comprehensive income | 2 108 | 3 592 | -41% |
EPS (HUF/ share) | 4,59 | 6,16 | -26% |
EBITDA*** | 8 103 | 9 007 | -10% |
EBITDA% | 3,4% | 4,6% | -25% |
* IFRS consolidated audited results
** AutoWallis Group's part from consolidated results of AutoWallis Caetano Holding Zrt. for the period.
*** Earnings before interest, tax, depreciation and amortization
About AutoWallis
Listed on the Prime Market of the Budapest Stock Exchange and the BUX and BUMIX indices, AutoWallis is the leading integrated car and mobility service provider in the Central and Eastern European region. It is important for the company to continuously expand its portfolio of automotive retail and mobility services, through organic and acquisition growth and to operate as a classic, conservative group with a business policy in line with ESG values and sensitive to social and environmental challenges. AutoWallis is present in 17 countries of the Central and Eastern European region (Albania, Austria, Bosnia and Herzegovina, Czech Republic, Bulgaria, Croatia, Greece, Hungary, Kosovo, Moldova, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, Slovenia) with wholesale and retail motor vehicle and parts distribution, service, short-, and long-term car rental. Brands represented by the AutoWallis' Distribution Business Unit include Alpine, BYD, Dacia, Farizon, Isuzu, Jaguar, KGM, Land Rover, MG, NIO, Nissan, Opel, Renault, Saab aftermarket, and XPENG, the brands represented by the Retail Business Unit include BMW cars and motorcycles, BYD, Dacia, Ford, Isuzu, Jaguar, KGM, KIA, Land Rover, Maserati, Mercedes-Benz, Mercedes-Benz Trucks, MINI, Nissan, Opel, Peugeot, Renault, Suzuki, Toyota, JoAutok.hu and AUTO-LICIT.HU, while the Mobility Services Business Unit is present on the Hungarian market with the brands wigo carsharing, wigo fleet, Sixt rent-a-car
https://www.autowallis.com | https://www.facebook.com/AutoWallis | https://www.linkedin.com/company/autowallis
Further information:Ádám Kerekes, Financial Communications Mobile: +36 70 341 8959 Email: kerekes.adam@fincomm.hu
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AutoWallis plc published this content on August 18, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 18, 2025 at 14:40 UTC.
