Waberer’s revenue grew by 23% year-on-year in Q3 2017 to €182m driven both by organic expansion and M&A. International Transportation Segment revenue increased by 23%, due to a better pricing environment and the acquisition of Link in Poland. Regional Contract Logistics revenue continued to grow strongly by being 30% above last year.
Group EBITDA increased by 20% year-on-year to €25m. In the International Transportation Segment, EBITDA increased by 28%, driven by the acquisition of Link, organic expansion and efficiency gains with fuel consumption. In the Regional Contract Logistics segment, EBITDA grew by 8%.
Group’s EBIT rose by 30% in Q3 to €10m whilst recurring net income increased by 8% to €6.2m. Waberer’s fleet size grew by 17% year-on-year.
Ferenc Lajkó, CEO of Waberer’s, commented: “In the third quarter of 2017, the Group’s performance continued to show that we are capable of delivering on our goals based on our successful growth strategy. Growth was based on a balanced combination of organic and inorganic growth, as demonstrated by our financials from the top- all the way through to the bottom-line. On the organic front, we have pursued a strategy of cautious price increases and managed to maintain our profitability as our previously communicated short-term market outlook materialised. Moreover, we have also continued to improve on scale- and innovation-based efficiencies to improve key metrics such as fuel consumption.
Waberer’s continues to explore longer-term opportunities and evaluate potential acquisition targets in neighbouring countries. The company stated that it is looking for opportunities that would fit well in its regional contract logistics portfolio and will enable it to capitalise on the requests of its multinational clients to provide logistics services across their broader areas of operation.
Source: Waberer’s
