Waberer’s Profit Falls as Margins Narrow

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Second-quarter net income of listed Hungarian haulier Waberer's fell 61% year-on-year to EUR 5.9 million as margins narrowed and an FX loss weighed, an earnings report published on Monday shows.

Revenue climbed 9% to EUR 191.8 million, driven mainly by higher performing segments, Waberer’s said.

Operating margin narrowed by 2.5 pp to 5.6%.

Waberer’s booked a EUR 2.7 mln financial loss during the period of which EUR 1.1 mln was not realized.

Waberer’s put full-year revenue in a range of EUR 750 mln-800 mln, compared to earlier guidance for EUR 800 mln, because of the method of consolidation for newly acquired PSP Group and MDI. It expects an operating profit of EUR 40 mln+.

Waberer’s first-half revenue came to EUR 388.5m Operating profit reached EUR 19.2 mln.

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