JOST Werke SE

JST

Equity

ISIN DE000JST4000 / Valor 37490746

Xetra (2024-09-18)

EUR 44.10+0.80%

JOST Werke SE
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

JOST Werke SE is a world-leading producer and supplier of safety-critical systems for the commercial vehicle industry, offering a comprehensive range of products including fifth wheel couplings, landing gears, ball bearing turntables, king pins, container locks, truck and trailer axles, towing hitches, drawbar eyes, drawbars, steering systems, axle suspensions, and agricultural front loaders. With over 3,600 employees worldwide and sales and production sites in over 20 countries, JOST has established itself as a key player in the global market. Listed on the Frankfurt Stock Exchange, JOST is known for its high-quality and innovative solutions for both road and agricultural applications.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Stable Sales in 2023

JOST Werke SE reported stable sales for the fiscal year 2023, achieving EUR 1,250 million compared to EUR 1,265 million in 2022. This slight decline of 1.2% was primarily due to strong negative currency effects. However, the newly acquired subsidiaries contributed positively to the sales revenue.

Improved Profitability

JOST Werke SE significantly improved its profitability in 2023, with adjusted EBIT increasing by 14% to EUR 141 million from EUR 124 million in 2022. The adjusted EBIT margin also rose to 11.3%, up from 9.8% in the previous year, reflecting enhanced production efficiency and cost control measures.

Increase in Adjusted EPS

Adjusted earnings per share (EPS) for JOST Werke SE increased by 8% in 2023, reaching EUR 6.24 compared to EUR 5.76 in 2022. This improvement was driven by the company's strong operating performance despite a decline in the net financial result due to higher interest expenses.

Higher Dividend Proposal

JOST Werke SE proposed a higher dividend of EUR 1.50 per share for the fiscal year 2023, up from EUR 1.40 in 2022. This 7.1% increase reflects the company's commitment to sharing its success with shareholders, resulting in a total dividend payout of EUR 22.4 million.

Outlook for 2024

For the fiscal year 2024, JOST Werke SE expects a single-digit percentage decline in consolidated sales compared to 2023. Adjusted EBIT is also anticipated to decrease at a slightly faster pace than sales, with the adjusted EBIT margin remaining within the strategic corridor of 10.0% to 11.5%.

Summarized from source with an LLMView Source

Key figures

-8.12%1Y

-19.8%3Y

54.7%5Y

Performance

22.7%1Y

26.8%3Y

32.3%5Y

Volatility