Waberer’s Group unveiled its updated strategy, in which it expects to become the number one complex logistics service provider in the Central and Eastern European region by 2027, while its revenue and EBIT (operational) profit will nearly double from last year. The company, which is already dominant at European level, plans to achieve significant growth through further investments, acquisitions, infrastructure development, diversification of its activities and increased added value among its services. During the implementation of the strategy, Waberer’s pays special attention to sustainability aspects, while at the same time it intends to increase its capital market activity.
By 2027, the Waberer’s Group expects to nearly double last year’s sales revenue and EBIT (operating) result in the strategy just presented. According to the plans, the Group, which currently has a warehouse capacity of nearly 250,000 sqm, a modern fleet of 2,900 trucks and 6,000 employees, can increase its sales from last year’s €676m to €1.2bn (+72%), while its EBIT result will increase from €33m to €61m (+82 %) may rise by 2027. With this, the dynamic growth that started in 2021 following the successful business model change implemented in 2020 can be switched to a new level.
Zsolt Barna, Chairman and CEO of Waberer’s International Plc. said that a significant part of the previous strategic goals set in 2027 have now been met, and their results are clearly visible in the management figures. He highlighted that today Waberer’s Group is Europe’s leading road logistics company with its own fleet and Hungary market-leading complex logistics service provider. Building on these strong foundations, the company, listed in the Premium category of the Budapest Stock Exchange, aims to become the number one complex logistics service provider in the Central and Eastern European region by with a comprehensive, customer-centric and sustainable service portfolio.
According to the goals set out in the strategy, out of Waberer’s three business units, the Group plans to develop significantly in the Contract Logistics segment in terms of domestic infrastructure, diversification, and regional growth. The aim is to increase own warehouse capacity, to achieve national coverage in the long run, to build regional positions, and a key priority is to increase high value-added services (in-house logistics supporting production, fulfillment logistics, home-delivery). It is planned that the business unit will expand its services regionally in the spirit of diversification and enter new, specialized logistics segments. The Transportation and Forwarding division places even greater emphasis on value-added services with higher margins, while also increasing its operational flexibility by increasing the weight of freight forwarding, i.e. service activities carried out with the help of subcontractors.
To operate even more efficiently, the fleet will be further modernised, revenues for specialised services will be increased and the share of multimodal services will be increased, such as improving their rail transport capabilities. In the case of Waberer’s Group’s Insurance business, the aim is to expand the existing distribution channels and product portfolio, as well as further digitalization developments, and to examine market consolidation opportunities and regional market entry.
Zsolt Barna said in relation to Waberer’s Group’s plans that the strategic goals are to be achieved through a combination of organic developments and investments and acquisitions. They pay special attention to sustainability, so the company, listed in the premium category of the Hungarian stock exchange, offers an even more favorable offer for investors who take ESG aspects into account. Based on the strategy, they will develop their green services by increasing the share of rail and intermodal transport and reduce emissions through green investments and energy efficiency measures. Based on the objectives set, the Group aims to create an even more attractive workplace through training, further improvement of working conditions, develop group-wide ESG governance and take advantage of green financing opportunities. Waberer’s is committed to increasing its stock exchange presence, and during the implementation of the strategy it examines opportunities to increase capital market activity. The aim is to increase the turnover and liquidity of shares, to increase analyst coverage, and to involve regional analyst houses.
Source: Waberer’s International