JOST Werke AG
XETRA:JST
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JOST Werke AG
XETRA:JST
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JOST Werke AG
JOST Werke AG engages in the production and supply of safety-critical components and systems for commercial vehicles. The company is headquartered in Neu-Isenburg, Hessen and currently employs 3,324 full-time employees. The company went IPO on 2017-07-20. The firm provides a wide range of products, such as fifth wheel couplings, telescopic landing gears and accessories for semi trailers, ball bearing turntables, king pins, and container locks and components for alternating systems; towing hitches and drawbar eyes for both transporters and trucks, as well as for use in the agricultural industry; and towing drawbars for both road and agricultural use. The firm's products clustered in three systems: Vehicle Interface (focusing on products required to operate a commercial vehicle combination of trucks and trailers such as fifth wheels and landing gears), Handling Solutions (including container technology and hydraulic cylinders products) and Maneuvering (focusing on truck and trailer axles and forced steering).
JOST Werke AG engages in the production and supply of safety-critical components and systems for commercial vehicles. The company is headquartered in Neu-Isenburg, Hessen and currently employs 3,324 full-time employees. The company went IPO on 2017-07-20. The firm provides a wide range of products, such as fifth wheel couplings, telescopic landing gears and accessories for semi trailers, ball bearing turntables, king pins, and container locks and components for alternating systems; towing hitches and drawbar eyes for both transporters and trucks, as well as for use in the agricultural industry; and towing drawbars for both road and agricultural use. The firm's products clustered in three systems: Vehicle Interface (focusing on products required to operate a commercial vehicle combination of trucks and trailers such as fifth wheels and landing gears), Handling Solutions (including container technology and hydraulic cylinders products) and Maneuvering (focusing on truck and trailer axles and forced steering).
Strong Revenue Growth: JOST Werke reported a 56% increase in Q3 sales to EUR 383 million, driven by the Hyva acquisition and 10% organic growth.
Profitability Up: Adjusted EBIT rose by 40% to EUR 37 million, with an adjusted EBIT margin of 9.7%, despite negative currency effects.
Cash Flow Surge: Free cash flow jumped 144% to EUR 56 million in Q3, boosted by Hyva, working capital improvements, and timing effects.
Leverage Improved: Leverage dropped to 2.44x, achieving the target of below 2.5x sooner than expected.
2025 Outlook Confirmed: Management reiterated guidance for 2025 with sales expected to be up 40–50% and adjusted EBIT up 23–28% versus the prior year.
Hyva Integration On Track: Synergies are ramping up, with cross-selling and cost savings expected to deliver EUR 20 million impact by end 2026.
Market Environment Challenging: Weakness persists in US and Brazil, but JOST has offset much of the impact with market share gains and pricing.