EBIT fell despite one-off items raising earnings by €3.2 mln. Wabererʼs noted that the migrant crisis in Europe had negative effects for the company due to stricter border controls which disrupted business. The company also struggled to find enough drivers.
Earnings before interest, taxation, depreciation and amortization grew by €3.6 mln to €55.5 mln. Earnings on foreign markets accounted for 84% of the whole with earnings from the domestic Hungarian market providing 16% of the total amount.
Revenue grew by €23.6 mln to €392.4 mln in Q1-Q3.
Wabererʼs requested the listing of its shares on the Budapest Stock Exchange on October 5 , which the BSE approved, but the board of the company is now proposing to shareholders that it cancel the IPO in light of current market conditions.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
