Waberer’s increases its forecast for 2011 turnover
Share purchase of Mid Europa Partners boosts competitive position of Waberer’s Holding Zrt. and reduces loans
Following the 49.05 per cent-share purchase of the private equity funds Mid Europa Partners (MEP) there are signs for growth again with Waberer’s Holding Zrt., a Hungarian transport logistics group. Chief Executive Officer György Waberer forecasts 20 per cent growth in the sales performance of the current year, given the capacity shortage on the EU freighting market. Originally he assumed a 10 per cent sales revenue growth target. Sales performance realized in 2010 amounted to EUR 331 million.
The entry of Mid Europa Partners provided new capital to Waberer’s Holding in the value of EUR 17.37 million, which was spent on reducing the amount of its outstanding loans by 30 per cent, in parallel with improving the conditions for company acquisitions to continue to improve organic growth.
In a press release György Waberer announced that they were seeking to take over medium sized transport companies based in the Czech Republic, Slovakia, Romania and Poland. The holding is further expanding its fleet before the end of 2011 with 150 to 200 tractors and the related trailers. Including the replacements serving the sustainability of the vehicle fleet’s quality, Waberer’s Holding is planning the acquisition of a total of 550 new vehicles in 2011. The fleet – currently consisting of 2,300 own vehicles – had been operating with an average load of over 90 per cent in the first five months of this year.
Quelle: LogEastics
Plattform: www.logistik-express.com