After a record year, Waberer’s general meeting decided on an increased dividend payment and new board members

By: Trademagazin Date: 2024. 04. 12. 11:26

Waberer’s International closed a record year in 2023 as well, so the company’s annual general meeting decided to pay a dividend of HUF 120 per share, exceeding the previous year. The shareholders also accepted the company’s report and elected two new members of the Board of Directors and one new member of the Supervisory Board. Waberer’s also published its first Sustainability Report at the same time as the general meeting.

At the annual general meeting of Waberer’s International Nyrt., the shareholders accepted the company’s report for the year 2023, according to which, thanks to the consistently implemented strategy, the company’s sales revenue increased by 4.6 percent to 710.9 million euros, while its net profit increased by 53.6 percent to 29, It jumped to 7 million euros. Waberer’s EBIT (operating) result increased by 17 percent to 42.8 million euros, while its EBITDA result increased by 14.8 percent to 95.6 million euros, thus the Group reached a record level for both indicators.

The outstanding result was achieved despite the challenging environment by the company listed in the Premium category of the Budapest Stock Exchange, after the industrial production and consumption data of its main markets, Western Europe and Hungary, stagnated or slightly decreased throughout last year. In this volatile environment, Waberer’s focused on those segments and customers that were less affected by the general negative economic environment, for which the company’s diversified customer and service portfolio provided a suitable basis.