Waberer's Q3 Earnings Climb

Transport

Third-quarter net income of listed Hungarian hauler Waberer's International rose 24% year-on-year to EUR 4.1 million as turnover climbed, state news wire MTI reports, citing an earnings report released this week.

Revenue increased 18% to EUR 174.6 million. Direct costs climbed 20% to EUR 139.1 mln.

Operating profit jumped 46% to EUR 9.7 mln.

Waberer's said its board would propose payment of a dividend on 2022 earnings if there is "no significant deterioration in the business environment in the coming months".

It added that the "first signs" of a decline in consumption in Hungary and Europe are already visible in demand for logistics services in sectors such as FMCG, food, and electronics, but demand in other sectors, mainly the automotive industry, are currently able to compensate for that decline.

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