Hungarian transport and logistics service provider Waberer's Group has reported its Q1 2023 financial results, revealing its highest-ever quarterly earnings before interest and taxes (EBIT) of €11.2 million and net income of €10.4 million.

Waberer’s Group reports record earnings, driven by International Transport Segment

Hungarian transport and logistics company Waberer's has reached an out-of-court settlement with one of the truck manufacturers involved in an ongoing cartel case.

Waberer’s settles out of court with truck manufacturer in cartel case

Waberer's subsidiary, the Polish LINK Sp. z o. o., has obtained the RA registered agent status, enabling the company to transport air cargo. With this new venture, the company can now transport a wide range of goods such as high-value products, perishable goods, pharmaceuticals, documents, fashion and textiles, and automotive parts by air.

Waberer’s subsidiary obtains RA Registered agent status, allowing air cargo transport

Hungarian logistics and transportation giant Waberer's is able to pay dividends to its shareholders for the first time in its history on the stock market. This comes after the company closed last year with a profit before interest and taxes of 33.3 million euros, the highest since 2017. As a result, the management is recommending a dividend of HUF 100 (approx 0.26 euro) per share to be paid at the annual general meeting.

Waberer’s nets record earnings, is set to pay 1st dividends since stock market flotation

The Budapest Stock Exchange has announced changes in the ownership of Waberer's International. Namesake György Wáberer has left the board and is to sell all his shares. At the same time, a company owned by Prime Minister Viktor Orbán's son-in-law is set to obtain nearly 50% of Waberer's International's shares.

Waberer’s namesake exits board and is set to sell shares to Orban’s son-in-law

Following the <a href="https://trans.info/en/320458-320458" target="_blank" rel="noopener">news on a very recent fleet renewal</a>, Hungarian transportation and logistics company Waberer’s has announced the welcoming of more than 350 new semi-trailers.

Waberer’s orders another 350 new semi-trailers

Renault Trucks has delivered 24 T tractors to Hungarian transportation and logistics giant Waberers'. This is the first batch of 50 units the companies agreed on last year.

Waberer’s expanding fleet with 50 Renault TC tractors

Without the automation of registration processes, shipping goods to England could be so costly that it might no longer be worth it, states a study written by a project manager at Waberer's, who has been dealing with Brexit 2020.

Waberer’s study indicates France was better prepared for Brexit customs procedures than the UK

This year, Waberer's expects its highest income of the last 10 years, at least in terms of earnings before interest and taxes, according to the company's financial report published on Monday. All this comes despite the fact that the customers of Hungary's largest trucking company are reportedly experiencing falling demand, warns CEO Zsolt Barna.

Waberer’s expects its highest EBIT of last 10 years, after Q3 results

After a “historical" change in its salary system introduced at the start of August, Hungarian transportation and logistics service provider Waberer's has revealed how much its international lorry drivers earn.