Waberer’s increased its revenue in the first half of the year

Waberer’s International Plc’s revenue grew to 313 milliom euros in the first half of the year, 13.3 percent higher than a year before – the company announced on Monday at the Budapest Stock Exchange’s (BSE) website.

Earnings per share (EPS) increased from 0.37 euros to 0.48 euros, rising by 29.2 percent.

Gross margin increased 14 percent to 68 million euros in the first half of 2017.

The gross margin increased by 0.1 percentage points to 21.6 percent over the same period.

Regular EBITDA increased to 40.4 million euros in the first half of 2017, an increase of 3.7 percent over the same period last year.

Regular EBIT increased to 14.9 million euros, which is an increase of 14.1 percent compared to the first half of 2016.

Direct labor costs and allowances increased annually by 15 percent to 47 million euros in the first half of 2017, as the number of drivers and the cost per kilometer increased as well.

While gross debt levels showed a slight increase on an annual basis due to the intensive growth of the fleet, the net leverage ratio remained unchanged at 2.9 times, with regular EBITDA growth. (MTI)