Waberer's posts record year, announces dividend increase and board changes - photo credits @ facebook / Waberer's official

Waberer’s posts record year, announces dividend increase and board changes

Waberer's International concluded a successful fiscal year in 2023, as revealed during the company's annual ordinary general meeting held on April 12, 2024. The company defied economic challenges in its core markets, achieving a record €710.9 million in revenue alongside a significant 53.6% surge in net profit to €29.7 million.

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The company’s performance in 2023 demonstrated resilience amidst challenging economic conditions. Despite stagnation and slight decreases in industrial production and consumption across its primary markets in Western Europe and Hungary, Waberer’s International achieved notable financial results.

Sales revenue increased by 4.6% to €710.9 million, while net profit surged by 53.6% to €29.7 million.

Operating income (EBIT) rose by 17% to €42.8 million, and EBITDA increased by 14.8% to €95.6 million, marking record levels for both indicators.

The board attributes the success to the company’s steadfast implementation of its strategic objectives, coupled with a focus on less affected market segments and customers.

In recognition of the financial performance, shareholders approved a dividend payment of HUF 120 per share, surpassing the previous year’s dividend. The dividend will be disbursed commencing July 3, 2024.

Furthermore, the general meeting witnessed key changes in the company’s governance structure. Two new members were elected to the Board of Directors. 

Dr. György Bacsa, a specialist in capital markets and transactions, joined the board, bringing extensive knowledge from his tenure at MOL Group. Szabolcs Tóth, currently serving as Waberer’s Deputy CEO for Economics and Strategy, also assumed a position on the Board of Directors, reinforcing the company’s strategic direction.

Additionally, Botond Rencz, a seasoned professional in tax consultancy and leadership roles, was appointed as a new member of Waberer’s Supervisory Committee and Audit Committee.

During the meeting, the company published its inaugural Sustainability Report, adhering to the Global Reporting Initiative standard. The report reflects the company’s commitment to sustainability, a cornerstone of its updated business strategy until 2027.