Waberer’s H1 profit climbs 28%


Hungarian road haulage company Wabererʼs International had net income attributable to equity holders of the parent company amounting to EUR 6.9 million in the first half, up 28% year-on-year, an earnings report released early Monday shows.

Excluding non-recurring items, Wabererʼs said its net income climbed 21% to EUR 9.2 mln, national news agency MTI reported. Diluted earnings per share came to EUR 0.48.

Revenue increased by 13% to EUR 313.2 mln. Direct costs of sales, adjusted for the consolidation of Wabererʼs insurance unit, rose at practically the same rate to EUR 245.6 mln.

Wabererʼs had net financial debt of EUR 221.4 mln at the end of June, up 5% from twelve months earlier.

The company acquired Polish peer Link for EUR 32.5 mln in July with the proceeds from an IPO.

Speaking at a press conference after the release of the earnings report, CEO Ferenc Lajkó attributed the double-digit rise in revenue to the strong performance of the European road haulage market as well as of the Hungarian economy. Wabererʼs full-year results will be in line with market expectations, he added.

Wabererʼs will consolidate Link in the second half of the year, Lajkó  said, adding that the company plans no further acquisitions in 2017.


Nearly 18% of Polish firms plan investments in next 3 months... Analysis

Nearly 18% of Polish firms plan investments in next 3 months...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months


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.