News / Hungarian haulier Waberer's expanding fast as profits surge after record IPO

Increased costs failed to slow growth at Hungarian haulier Waberer’s Optimum Solution, which this week reported a sizeable bounce in nine-month profits following a successful IPO and its continuing pursuit of logistics acquisitions.

Group revenue for the year to date was up 16.8%, year on year, to €495m, leading to a 9.4% increase in ebitda, which hit €65m.

Divisionally, Contract Logistics led the growth momentum as revenue surged 34.3% to €92.4m, and earnings hit €13.2m (up 30.3%), largely due to increased transport-based ...