Budapest. Waberers’s International posted a significant drop in 2019. As can now be seen from the fourth quarter annual report, the Hungarian transport and logistics company’s sales decreased year-on-year by 4.9 percent to EUR 696.2 million and profit before depreciation and special items (EBITDA) by 16.5 percent to 58.4 million euros. The bottom line was another net loss, which at minus 23.4 million euros was even worse than the net result of 2018 (- 13.9 million euros).
The large fleet operator cited the difficult market environment as a result of economic uncertainties in 2019 and the resulting downsizing of the truck fleet and internal restructuring as reasons for the massive decline. Above all, wage and fuel costs are still depressing business results. The aim of Waberers’s International was therefore to improve the capacity utilization and the profitability of the fleet in the international transport segment. Compared to the fourth quarter of the previous year, the average number of trucks fell by 16.1 percent to 3842 units, according to the latest company report.
Corona crisis is a challenge never seen before
Interim CEO Barna Erdélyi does not expect things to get any easier in 2020: The corona crisis is an unprecedented challenge for the company, he said in the latest annual report. “The sudden drop in market demand for cross-border international transport by 40 to 50 percent requires similarly quick and profound reactions.” Waberer’s still wants to create the turnaround with special measures to reduce costs that have already been introduced and together with the main creditors and the majority shareholder.
whos pocket does the 23 millin come out of,and who would be wanting to be owed money from them.
theyre about as profitable as the posh spice fashion shop.
No sympathy from me towards the company. Don’t like to see anyone lose their job but they have been undercutting UK haulage companies for years by flouting the cabotage rules.
Every dog has its day [emoji848]
Waberers dont have any friends everywhere they operate. They are hated all over Europe. Our own Stobbies are only hated in the UK. I cant see them recovering from this
It was reported 3 days ago in TRM24, an online French Transport magazine, that Waberers are parking up all their trucks
and have actually shipped home their drivers parked up all over Europe back to Hungary.
I’ve got the link here, but obviously it’s in French, maybe a bit of Google translate if you want to read it.
pierrot 14:
It was reported 3 days ago in TRM24, an online French Transport magazine, that Waberers are parking up all their trucks
and have actually shipped home their drivers parked up all over Europe back to Hungary.
I’ve got the link here, but obviously it’s in French, maybe a bit of Google translate if you want to read it.
Coronavirus: Waberer announces immediate stop of its trucks
Spectacular turn of events. Waberer’s already weakened in recent months announces that it has shut down its entire fleet of trucks. The Hungarian carrier victim of the coronavirus epidemic has even launched the repatriation of dozens of drivers currently abroad.
Waberer’s boss, Erdélyi Barna, said: "We are going through an unprecedented period to which we must provide unprecedented answers. I am convinced that the measures we have taken today will strike a balance between improving our financial situation and maintaining the level of service we offer to our customers, while ensuring the sustainability of our operations in tough times today. ”
In a statement, Waberer’s is trying to justify using the coronavirus to halt the halt of its transportation. The carrier announces "that it has immediately taken special measures to offset the negative effects of COVID-19. “As of March 17, the company announced results for the group” strongly affected by restrictions at European level imposed by the pandemic. "
A repatriation plan for trucks and drivers has been adopted. Most expenses have also been suspended. Among the measures decided, drivers would be forced to take leave - unpaid -.
pierrot 14:
It was reported 3 days ago in TRM24, an online French Transport magazine, that Waberers are parking up all their trucks
and have actually shipped home their drivers parked up all over Europe back to Hungary.
I’ve got the link here, but obviously it’s in French, maybe a bit of Google translate if you want to read it.
Coronavirus: Waberer announces immediate stop of its trucks
Spectacular turn of events. Waberer’s already weakened in recent months announces that it has shut down its entire fleet of trucks. The Hungarian carrier victim of the coronavirus epidemic has even launched the repatriation of dozens of drivers currently abroad.
Waberer’s boss, Erdélyi Barna, said: "We are going through an unprecedented period to which we must provide unprecedented answers. I am convinced that the measures we have taken today will strike a balance between improving our financial situation and maintaining the level of service we offer to our customers, while ensuring the sustainability of our operations in tough times today. ”
In a statement, Waberer’s is trying to justify using the coronavirus to halt the halt of its transportation. The carrier announces "that it has immediately taken special measures to offset the negative effects of COVID-19. “As of March 17, the company announced results for the group” strongly affected by restrictions at European level imposed by the pandemic. "
A repatriation plan for trucks and drivers has been adopted. Most expenses have also been suspended. Among the measures decided, drivers would be forced to take leave - unpaid -.
There are a handful here in Calais today and still managing to cause chaos with their inability to be able to park in a straight line in the lanes
