Waberer's Q1 Earnings Climb on Wider Margins

Transport

Net income of listed hauler Waberer's International reached EUR 10.4 million in the first quarter, climbing from EUR 1.7 mln in the base period as revenue rose at a faster pace than costs, an earnings report released after the closing bell on Monday shows.

Revenue increased 11% to EUR 176.7 mln, while direct costs rose 7% to EUR 153.4 mln.

CEO Zsolt Barna acknowledged that Waberer's regional contract logistics business was facing the spill-over effect of decreasing consumer demand for food and FMCG products, but said the segment's diversified activities had compensated for the decline at FMCG customers as logistics activity related to domestic investments had increased and order volume of customers in the automotive sector had been stable.

Waberer's had an average of 2,832 trucks in its fleet in Q1, little changed from a year earlier. The average number of truck drivers on payroll rose 4% to 3,655 during the period.

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