Wabererʼs issues profit warning


The board of road haulage company Wabererʼs International has adjusted its outlook for the year 2018 and now expects full-year group EBITDA to slightly decrease compared to EUR 85.8 million last year, the company said on the website of the Budapest Stock Exchange (BÉT) on Thursday.

Earlier expectations projected an increase in full-year EBITDA. In line with earlier expectations, the management still anticipates achieving double-digit revenue growth in 2018 compared to 2017, according to a report by state news agency MTI.   

Wabererʼs statement said the adjustment in expectations is primarily attributable to recent changes in the European transportation market, as the stressed labor market situation in the region and cost-induced price increases, resulting in lower truck utilization, both put pressure on profitability.

The firmʼs management considers these effects as temporary and expects market conditions to gradually normalize in the second half of the year, according to the statement. At the same time, the management has initiated several measures to improve the adaptivity of the organization and internal processes to better respond to changes in a more volatile market. They expect such initiatives to improve profitability next year, subject to market conditions.

In the first quarter of 2018, Wabererʼs revenues rose 15.3% to EUR 178.9 mln, MTI noted.

Alteo Revenue Down 26% in Q1 Green Energy

Alteo Revenue Down 26% in Q1

Gov't to Call HUF 75 bln Tender to Support Innovation by SME... Government

Gov't to Call HUF 75 bln Tender to Support Innovation by SME...

Gen Z Bringing New Challenges to Office Market Office Market

Gen Z Bringing New Challenges to Office Market

1990s Hungary Inspires Debut Novel ‘Ilona Gets a Phone’ History

1990s Hungary Inspires Debut Novel ‘Ilona Gets a Phone’


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.