Group revenue up 13% at Waberer’s International
Waberer’s International Nyrt., the European leader in full truckload (FTL) transportation, last week reported its financial results for the six months ended 30 June 2017. Group revenue in the first six months of 2017, at EUR 313 million, was 13% higher than in the first half of 2016 thanks to client acquisitions especially in Regional Contract Logistics (RCL). International Transportation Segment (ITS) revenue increased despite temporary headwinds in the general market and unfavourable calendar effects by 4% to EUR 235 million.
Gross profit grew by 14% year-on-year to EUR 68 million in the first half of 2017. Gross profit margin increased by 0.1 percentage points to 21.6% in the same period. Recurring EBITDA rose to EUR 40 million in the first half of 2017, marking a 4% increase compared to the same period last year Recurring EBIT increased by 14% to EUR 15 million compared to H1 2016.
Margin levels were 1.2 percentage points lower year-on-year for recurring EBITDA at 12.9% and at the same level for recurring EBIT at 4.8%. The change in EBITDA margin was primarily attributed to a generally favourable market environment in the international transportation market in the first half of 2016 that deteriorates margin trends in a year-over-year comparison and more than offsets the margin improvement in the regional contract logistics business.
Ferenc Lajkó, CEO of Waberer’s International Nyrt. Says: “We are continuing to implement measures to further improve on our already best-in-class efficiency metrics like the loaded ratio and fuel consumption partly by relying on our innovative IT solutions more broadly and deeply across all business segments. Following our successful listing and the completion of our acquisition of Link in Poland, we expect our new unit to become a strong growth driver for our international activities from the second half of 2017.”