Waberer’s International Pte.Co. one of Europe’s largest road freight companies, has ordered 600 DAF tractors as part of a comprehensive fleet renewal program. At the DAF premises in Eindhoven, the first badge of 250 vehicles was delivered officially to chairman and CEO György Waberer by Ron Bonsen, member of the DAF Board of Management and responsible for Marketing & Sales.
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More and more European freight commissioners are optimizing their logistic expenses with the services of Waberer’s International – this is proven by the performance results of 2013’s first six months of Europe’s determining road freight company. The company’s revenues compared to the same period last year with a 17.4% growth have surpassed 216 million Euros.
An agreement on the purchase of a further 600 Schmitz Cargobull trailers was signed at the transport logistic 2013 exhibition in Munich by György Wáberer, chairman – CEO of one of Europe’s largest road freight companies, Waberer’s International Pte.Co. and Andreas Schmitz, president of the European Union market leading vehicle manufacturer.
Waberer’s International Pte.Co. purchased Hungary’s, and one of Europe’s first DAF tractors equipped with Euro 6 engines. The XF type vehicle equipped with 460 hp PACCAR MX-13 engines was presented to Ferenc Lajkó, deputy CEO by József Pais, managing director at Hungarotruck Ltd.
Building on the results of fiscal 2012, a more ambitious business plan than ever was approved for this year by the board of Waberer’s International Pte. Co. This comes as one of Europe’s defining companies in road freight was able to increase its revenues against the stagnant international freight market circumstances, with reaching 377.5 million Euros in 2012.
György Wáberer appointed dr. Erzsébet Antal as the new Chief Financial Officer at Waberer’s International Inc. Being a highly experienced professional in the field of financial and business management of large organizations and multinational companies, her primary mission is to further improve the efficiency and prepare the IPO of Europe’s sixth largest road freight company.
Waberer's Logistics Ltd – entirely owned by Waberer’s International Zrt Inc. - and Szemerey Transport Inc. unify their complex logistics services and create Hungary’s largest domestic logistic power. The transaction will be realized through the exchange of company shares and stocks. Waberer’s Logistics Ltd., one of Hungary’s most important players in logistics will obtain 60% of Szemerey Transport Inc.’s stocks, and the leader of the Hungarian refrigerated freight and distribution market will obtain control over 40% of Waberer’s Logistics Ltd.’s shares. The agreement including the above was signed by György Wáberer and Lóránd Szemerey in Budapest, while the documentation regarding the licensing process of the transaction was submitted to the Hungarian Competition Authority.
Looking at the transport market in Hungary today, one name stands out like a radiating beacon that has defined transportation and logistics standards in the former Communist country. During the 1990s, at a time when the transport business was in a transition stage, the entrepreneur György Wáberer grasped the chance to make his dream of a leading international transport and logistics company come true. Today, his group of companies, including Waberer’s International Zrt., has made it to the absolute top in the market and has earned a reputation as the leading logistics service provider in Hungary and in the whole of Central and Eastern Europe. In addition, the group’s large fleet of trucks is at home on all major European roads, both in Western and Eastern Europe.
Waberer’s is speeding up its growth by acquisitions. The company, which had around 30 acquisitions of freight companies since its establishment, has been growing organically in the last few years resulting in dynamics that surpassed the norm of the industry in Europe. Its EBITDA results show a 15-20% yearly growth in average (In 2011, 20% more than the previous years, in the first half of 2012, 11% compared to the previous time period), and its sales revenues maintained an 11% growth (2011: EUR 373 million, 2010: EUR 331 million). György Waberer, president and CEO, aims to further these accomplishments: in the medium term, he aims to double the company’s sales revenues even by acquisitions. The targets are small and medium road transportation enterprises, both regional and Hungarian.
The company’s EBDITA neared € 21 million, which meant an 11% growth compared to the same time period in 2011. This is a result of an improvement in almost all of the company’s efficiency indicators despite the economical difficulties of both the Hungarian and European freight market. Maintaining the growth, sales revenues have surpassed € 185 million.
Waberer's International's revenue data indicates that with its services, Europe's sixth largest road freight company is actively participating in the preparations for the London Olympics. The company is continuously experiencing an increase in freight commissions from European countries to routes to Great Britain, it also registered a growth in freight from Hungary to Great Britain.
A strategic agreement for three years, valued at 75 million EUR was signed by Waberer’s International Zrt. and AB Electrolux. The document on the continuation and expansion of the two companies’ nearly three decade long relationship was singed today in Budapest by György Wáberer, chairman and CEO and Fredrik Nergell, Logistics & Spares Purchasing Director EMEA - AB Electrolux.