Budapest based Waberer’s International Nyrt., the European leader in full truckload (FTL) transportation, today reports its financial results for Q4 2017 concluding December 31, 2017. Waberer’s sees a robust performance above expectations in 2017, demonstrating a successful implementation of its strategy. As for its future plans, the company remains focused on consolidating its position in the Central-Eastern Europe region through further value-accretive acquisitions. Waberer’s annual report with audited figures for 2017 will be presented to the Annual General Meeting in April 2018.
Highlights
Revenue increases by 21% year-on-year in the fourth quarter of 2017 to EUR 179 mn
International Transportation Segment revenue increased by 24%, due to continuing price increases and acquisition effects
Regional Contract Logistics revenue up by 8% driven by year-on-year rise in warehouse capacity and higher prices
Recurring EBITDA increased by 47% year-on-year to EUR 21 mn in the fourth quarter
In the International Transportation Segment, recurring EBITDA grew by 49%, 11 pp of which was organic
EBITDA increased by 41% in the Regional Contract Logistics segment
Recurring EBIT rose strongly to EUR 5 mn in the fourth quarter
Recurring Net income increased to EUR 6.0 mn on positive one-time effects in tax and financial result, while fourth quarter EPS rose to EUR 0.40
Net leverage ratio decreased to 2.7 x recurring EBITDA as a result of higher profits and improved working capital management
For the definitions of non-IFRS measures and key performance indicators, please see the Fourth Quarter 2017 Financial Report here: http://www.waberers.com/en/investors/result-centre
