Local services
The company said on the Budapest Stock Exchange (abbreviated as BÉT in Hungarian) website on Thursday that the logistics group achieved consolidated sales of EUR 194.4 million in the first quarter of this year, 1.2 percent less than the same period last year, while net profit rose to EUR 7.5 million from EUR 1.1 million in the first quarter of last year, an increase of 585 percent.
At the online press conference following the announcement, Deputy Chief Financial and Strategic Officer of Waberer’s International PLC Szabolcs Tóth said that the logistics segment’s revenue was EUR 156 million, down 10 percent compared to the same period last year, while the insurance segment’s revenue was EUR 39 million, up 87 percent compared to the first three months of last year.
The company’s EBIT (earnings before interest and taxes) increased by 29.3 percent to EUR 11 million. The EBIT margin, which determines the company’s profitability, increased to 5.7 percent from 4.3 percent in the first quarter of 2024. The increase was also due to a smaller decrease in the logistics segment and the expansion of the insurance segment, he explained. He added that the results of Postal Insurance Companies (in Hungarian: Posta Biztosítók), acquired last year, had already appeared in the company’s figures in the first quarter of this year.
The Deputy CEO confirmed that in 2025, management expects an EBIT result of more than EUR 50 million at a consolidated level.
Among the important events of the first quarter, Szabolcs Tóth mentioned, besides other things, that the 47,000 square metre warehouse in Ecser reached maximum utilisation.
The warehouse development programme is progressing according to plan, and the 22,000-square-metre Debrecen logistics centre under construction is expected to be operational by the first quarter of 2026 at the latest.
“The 25,000-square-meter Magyar Posta parcel logistics centre is also expected to be handed over by the beginning of 2026,” he said, adding the company is also expanding its activities in the field of rail logistics, among other things, and entering the road passenger transport market.
The Deputy CEO also indicated that according to Waberer’s strategic plan, sales revenue could reach 1.7 billion euros in 2031, and EBIT could exceed 100 million euros.
Waberer’s International PLC shares are traded in the premium category of the Budapest Stock Exchange. Its highest price in the past year was HUF 4,790, and its lowest was HUF 3,550.
Source and photo credit:dehir.hu
