Waberer's Adjusted Earnings Climb
Net income of listed Hungarian hauler Waberer's International rose 17% to EUR 20.2 million, excluding the impact of an unrealized net FX loss, an earnings report released after the closing bell on Monday shows.
Net income on recurring items fell 10% to EUR 16.2 mln.
Earnings per share came to EUR 0.93.
Revenue climbed 14% to EUR 675.9 mln. Direct costs increased by 15% to EUR 592.4 mln.
Operating profit on recurring items rose 23% to EUR 33.3 mln.
Waberer's said its board will propose payment of a EUR 4.4 mln dividend, or HUF 100-per-share, on last year's earnings.
In guidance for 2023, Waberer's said management expects a "slight increase" in revenue, while operating profit remains "in line" with that in 2022, excluding the EUR 2.7 mln positive impact of state investment aid. It added that guidance could be revised in the Q1 report as forecasting is "more challenging than usual due to the unpredictable environment".
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