Waberer’s Group reports revenue growth despite challenging market conditions

Waberer’s Group increased its first-quarter revenue by 6.9% year-on-year to EUR 207.9 million, despite continued pressure on the European logistics sector.

The Budapest-listed logistics and insurance provider reported EBIT of EUR 11 million, matching the level recorded a year earlier, while consolidated net profit rose by 2.4% to EUR 7.7 million.

The company said rising fuel prices, tensions in the Middle East and the stronger Hungarian forint temporarily affected profitability during the quarter.

“During the quarter, the company’s profitability was temporarily impacted by the sharp increase in fuel prices, the armed conflict in the Middle East, and the strengthening of the Hungarian forint against the euro,” said Barna Zsolt, Chairman and CEO of Waberer’s Group.

The logistics segment generated EUR 162 million in revenue, up 3.9% year-on-year. Growth was supported by the acquisition of Pannonbusz and the full consolidation of Serbian company MDI. Segment EBIT rose more than 12% to EUR 1.6 million.

Waberer’s said profitability also improved at its Polish subsidiary LINK following restructuring measures implemented during 2024 and 2025.

The insurance segment continued to support overall profitability. Revenue increased by more than 19% to EUR 46 million, driven mainly by growth in property insurance and strong life insurance sales. EBIT in the segment reached EUR 9.5 million.

Looking ahead, the company said it remains confident about repeating its strong 2025 financial performance in 2026, despite difficult market conditions across Europe’s logistics sector.

Waberer’s also revealed that it has launched transcontinental logistics services for automotive customers in cooperation with Chinese logistics partners. The company expects to announce additional warehouse developments and new international agreements later this year.

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