Waberer’s reports growth, shareholder update

Hungarian transport company, Waberer’s International, has released its latest financial results and confirmed a shuffle in its ownership.

During the third quarter, revenue increased by 18.1 per cent on a year-on-year (YOY) basis and reached €174.6 million, reflecting a quarterly revenue growth of 27.1 per cent in the ITS, 14.8 per cent in the RCL segment and 13 per cent in ‘Other’.

Recurring EBIT reached €9.7 million in Q3, a 46 per cent improvement compared to Q3 2021 and the second highest value since 2018.

Recurring net income reached €4.1 million in the third quarter, an €800,000 increase YOY.

Due to cash-based investments, the relaunch of a fleet renewal program and non-cash technical items, Waberer’s net financial indebtedness increased by €32.6 million compared to September 2021 and reached €144.6 million.

Following its financial report, Waberer’s has announced that BDPST Equity Zrt., one of Waberer’s major shareholders, has become the indirect owner of 26.76 per cent of its shares.

On 30 November 2022, BDPST Equity Zrt. acquired MHB Optimum Zrt., Waberer’s other major shareholder, and therefore obtained 100 per cent of its shares in Waberer’s.

In other news, transport and logistics company, Gebrüder Weiss, is preparing for Turkey’s growing appeal to European exporters by making more specialists and transport connections available.

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