Waberer’s Optimum Solution has reported a year-on-year revenue increase of 28.9% in Q2 of 2021, a rise to €150.0m. The rise is due to increased volumes when compared to the previous year, which saw lockdowns across Europe.
EBITDA rose 98% in Q2 y-o-y, from €9.9m up to €19.6m, driven by the increase in revenue. Direct costs increased 24.8%, and operating expenses saw a 12.2% rise. Waberer’s Optimum Solution explains the increase in indirect costs was caused by comparatively high wages paid, as a significant portion of staff were on unpaid leave or on part-time work during the pandemic-hit months of Q2-20.
The company’s International Transportation segment reported revenue at €87.5m, a 39.8% increase, and an EBITDA increase of 547.7%, from €1.3m to €8.7m in Q2 y-o-y. The Regional Contract Logistics segment reported revenue at €46.0m, an increase of 24.9%, and an EBITDA increase of 36.4%. The company describes an increase in volume in this segment not only due to the low volume in Q2-20, but also due to new customers gained, particularly in chilled warehousing and transportation operation.
“Our RCL segment was successful in renewing its contracts with some of its most significant and more complex customers and this will provide the base for its continuing successful operation in the coming years”, said Barna Erdélyi, CEO of Waberer’s International, “However, we also carefully examine the unpredictability of the global supply chain processes and consult with our key customers to be able to react to potential fluctuation in transportation and logistics-related demands generated by either the 4th wave of the pandemic in Europe or by chip shortages”.
Source: Waberer’s Optimum Solution
