Higher Revenue, Stable Costs Lift Waberer's Q2 Earnings

Figures

Net income of listed hauler Waberer's International reached EUR 15.1m in the second quarter, climbing from EUR 2.5 million in the base period as revenue edged up and costs were practically flat, state news wire MTI reports, citing an earnings report published on Monday.

Revenue increased 1.5% to EUR 175.9 mln, while direct costs rose just 0.2% to EUR 147.9 mln.

CEO Zsolt Barna said Waberer's "well-diversified" activities had enabled the group to focus and allocate its resources to customers "less adversely affected by the changes in retail demand". He added that the company had won "large volumes of new orders from new customers".

Waberer's continues to work on further diversifying its activities in the future and entering market segments with further growth potential, such as rail or maritime logistics, supply chain logistics in other countries in the region or logistics services for expanding industrial centers in Hungary, he said.

Waberer's had an average of 2,847 trucks in its fleet in Q2, up from 2,769 a year earlier. The average number of drivers on payroll rose to 3,668 from 3,440 during the period.

In a separate press release, Waberer's said its management was raising guidance for full-year operating profit from EUR 33 mln to EUR 37 mln-40 mln.

First-half operating profit reached EUR 25.5 mln, up 71.8% from the based period.

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