Waberer's International Nyrt, listed on the Budapest Stock Exchange, is proposing to change its name to W Solum Holding Nyrt. The proposal, announced on 29 October 2026, will be put to an extraordinary general meeting on 8 December. If approved, and once the necessary corporate formalities have been completed, the new name will take effect in early January 2027. The change will apply to the holding company, while its operating subsidiaries will for now retain the brands established in their respective markets. The group nevertheless plans to gradually refresh these brands, although it has not specified how. Board member Barna Erdélyi told Economx that elements of the Waberer's identity could remain on its trucks for years.
According to the company, the Waberer's name is primarily associated with road transport, whereas the group now also operates in insurance, rail and passenger transport, and property development. Erdélyi said that the listed parent company no longer carries out transport operations directly, but coordinates its divisions and manages the group's investments. The restructuring into a holding company began in 2025, with staff transferred to Waberer's Network and Nexways Cargo. The W retains the link to Waberer's, “solum” is Latin for ground or foundation, and “Sol” refers to the sun in the historic logo, while the planned slogan for the umbrella brand is “Build for more”. The right to use the Waberer and Waberer's names was extended for a further 99 years in 2022 under an agreement with founder György Wáberer.
Since 2023, Waberer's has expanded its operations through a series of acquisitions. In November 2023, it announced an agreement to acquire 51% of rail logistics business Petrolsped Group, and in March 2024 it completed the acquisition of 55% of Serbia's MD International. In 2024, Gránit Biztosító acquired 66.925% of the Hungarian postal service's insurance companies. The purchase of the minority stake in March 2026 brought the group's holding in Magyar Posta Biztosító to 100%. On 26 May 2025, it acquired 51% of Pannon-Busz-Rent, taking the group into passenger transport, with an option to acquire the remaining 49% in 2027. In terms of ownership, Bdpst Group holds more than half of the share capital and Mol owns 15%, having completed the acquisition of its stake on 25 April 2024 following regulatory approval.
The insurance business now generates the largest share of Waberer's operating profit. In 2025, it delivered EBIT of €37.6 million, around 65% of the consolidated total of €58 million and an increase of 55% on 2024. The group ended the same year with revenue of €816.2 million, up 7.7%, EBITDA of €118.7 million, up 16.3%, and EBIT of €58 million, up 28.8%. In the first half of 2026, logistics accounted for around 79% of revenue, contributing €341.6 million out of €435.0 million, and 63% of EBITDA, at €37.8 million out of €59.6 million. However, its EBIT stood at €5.9 million, compared with €20.6 million from insurance, which generated around 77% of consolidated operating profit of €26.6 million on revenue of €93.4 million. Over the same period, consolidated revenue rose by 9.4% and EBITDA by 2.2%, while EBIT fell by 8.4%.
According to its second-quarter report, Waberer's operates an average fleet of around 2,700 commercial vehicles, with 68% deployed on international routes and 32% on regional operations. It also has 21 locomotives, 1,090 railway wagons, 203 buses and 295,000 square metres of warehouse space, 67% of which is leased. Psp Group's revenue is excluded from the logistics segment's consolidated revenue because the contribution from rail operations is recognised within the results of associates and joint ventures.
Within logistics EBIT, contract logistics generated €7.3 million, while international transport recorded an operating loss of €1.4 million. The company attributes the difficulties to fuel costs and the delay before contractual adjustment clauses are reflected in rates. It says transport operations using its own fleet returned to profitability in the final month of the half-year. The decline in logistics EBIT was mainly attributed to the absence of new warehouse development projects for third-party clients, which had contributed to earnings in the comparative period. Chairman and chief executive Zsolt Barna confirmed that the company expects logistics and insurance earnings for 2026 to be broadly in line. In August 2026, it also announced a review of its medium-term strategic plan, citing delays in regional industrial investment, European economic stagnation and uncertainty in the domestic economy.
Antonio Illariuzzi
