WABERER'S INTERNATIONAL (3WB) Q4 2024 earnings summary

Executive summary

• Annual consolidated EBIT grew by 5.2% to EUR 45.0 million, with Q4 EBIT at EUR 15.7 million, up 67.7% year-over-year.

• Consolidated revenue for 2024 was EUR 757.5 million, up 6.5% year-over-year, though Q4 revenue declined 4.2% due to accounting changes and fleet optimization.

• Net income for 2024 was EUR 21.7 million, with adjusted net income (excluding non-cash FX effects) at EUR 25.4 million, up 9.8% year-over-year.

• Strategic acquisitions and investments in rail logistics, insurance, and warehouse capacity supported diversification and future growth.

Financial highlights

• Q4 2024 EBITDA rose 31.4% to EUR 30.3 million; annual EBITDA reached EUR 102.0 million, up 6.7%.

• Gross profit for 2024 was EUR 94.7 million, up 5.5% year-over-year; annual gross margin was 19.7%.

• Net financial indebtedness increased to EUR 236.7 million, mainly due to acquisitions and warehouse investments.

• Free cash flow for 2024 was EUR 33.8 million, up from EUR 16.9 million in 2023.

Outlook and guidance

• Management expects continued growth and improved crisis resilience from diversification into new segments and geographies.

• Expansion into the road passenger transport market and further ESG initiatives are planned for 2025.