Wabererʼs earnings report shows modest profit


Hungarian haulier Wabererʼs International registered revenue growth of 15% in Q1, but gross profit grew only 5% and EBITDA even less, an earnings report released early Tuesday shows.

Wabererʼs International booked a net loss attributable to equity holders of the parent of EUR 400,000 in the first quarter, compared to a net gain of EUR 4.2 million in the base period, as higher costs as well as depreciation and amortization weighed, according to a press release sent to the Budapest Business Journal.

Revenue climbed 15% to EUR 178.9 mln. Payroll costs increased 25% to EUR 28.9 mln, and costs of subcontractors and reinsurance fees jumped 45% to EUR 43.4 mln. Gross profit rose 5% to EUR 29.2 mln. EBITDA was up 2% at EUR 17.7 mln.

Operating profit fell 49% to EUR 2.6 mln as depreciation and amortization jumped 24% to EUR 15.1 mln because of the companyʼs enlarged fleet. Pre-tax profit fell 67% to EUR 1.4 mln. Wabererʼs said net leverage remained roughly flat year-on-year.


Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga Analysis

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


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.