Wabererʼs doubles profit, eyes further acquisitions
Net income of listed road haulage company Wabererʼs doubled to EUR 18.4 million last year, an earnings report released early Thursday shows. Operating profit grew above 50%.
Revenue climbed 18% to EUR 674.4 mln, lifted in part by Wabererʼs acquisition of Polish peer Link. Gross profit rose 17% to EUR 140.6 mln, while operating profit jumped 56% to EUR 26.7 mln, national news agency MTI reported.
CEO Ferenc Lajkó said Wabererʼs plans to "step up on the organic and inorganic fronts as well," boosting efficiency through better use of technology and data, and expanding its customer base by targeting the auto and e-commerce sectors.
"In the regional segment, we remain focused on consolidating our position in the region through further value-accretive acquisitions," he added.
Lajkó said he expects the group can "perform at least at a similar rate of annual growth as in 2017."
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.