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Wabererʼs Q1 revenue rises, EBITDA drops

Automotive

Hungarian road haulage company Wabererʼs had first-quarter revenue of €136.7 million, up 3.6% from the same period a year earlier, the company said yesterday, according to Hungarian news agency MTI.

EBITDA fell 5.3% to €19.8 mln.  

Excluding income from the sale of vehicles, EBITDA climbed 11.2% to €18.8 mln. 

The figures are consolidated with the insurer Waberer Hungária Biztositó, which Wabererʼs decided to buy in December 2015. The purchase was closed in April.  

Wabererʼs stabilized its labor supply through a significant wage rise, which resulted in a continuous increase in the number of drivers since last December, the company said, adding that by the end of Q1 staff numbers exceeded plans. 

Wabererʼs International had 5,700 employees and more than 3,400 vehicles at the end of 2015, the company reported earlier. It has subsidiaries in France, the United Kingdom, Germany, Italy, Poland, Romania and Slovakia. 

It had net income of €12.4 mln on revenue of €522.5 mln in 2015.

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