EBIT guidance maintained as ITS EBIT turns into black
Key message: Waberer’s achieved its highest consolidated EBIT result in the last 4quarters after all 3 business units recorded positive EBIT for Q2. ITS returned to profitable
EBIT level as a result of (1) the successful spring tender season, (2) the first positive
impacts of market consolidation on price levels and (3) the positive operational
performance of the recently acquired rail logistics subsidiary. For 2024, the management
maintained its EBIT guidance of EUR 40mn+, while the Group revenue is expected to be in
the range of EUR 750-800mn vs. the previous guidance of EUR 800mn due to the altered
consolidation method of newly acquired companies. CEO expects that the trend of
Waberer's profitability will be positive in both the short and longer term. After the closing of
Q2, Waberer’s signed an agreement for the acquisition of the 66.9% stake in Hungarian
Post Insurance and Hungarian Post Life Insurance, which will enable its insurance segment
to significantly diversify its activities.
Waberer's International Nyrt, formerly Waberer's International Zrt, is a Hungary-based company engaged in the provision of the transportation services in the region of Central and Eastern Europe. The Company provides international road transportation, forwarding of LTL and groupage cargo, overseas and air transportation management, customs services, vehicle repair, second hand vehicle sales and logistics services. The Company operates also through subsidiaries, including Waberer's Logisztika Ltd that is charge of domestic transportation activities and operates with four divisions - gas, food, dry-cargo transportation and large truck operation, and H-Rapid service that operates within the dry-cargo division, delivering freight to its destination within 24 hours. Waberer's International Nyrt manages also subsidiaries in Romania, Poland and Slovakia as well as in the western region, in Spain and Germany.
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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