on JOST Werke SE (isin : DE000JST4000)
JOST Maintains Profitability Despite Decline in Sales Q2 2024
JOST Werke SE, recognized for its safety-critical systems in the commercial vehicle industry, reported its Q2 2024 results, maintaining a high profitability level despite a 9.8% drop in sales to EUR 298 million compared to the same period in 2023.
Adjusted earnings before interest and taxes (EBIT) matched sales performance, finishing at EUR 33.8 million, preserving an EBIT margin of 11.3%. Free cash flow showed significant improvement, rising to EUR 61 million, bolstered by a stable leverage ratio of 0.999x.
Regionally, North America showed a 31.6% increase in adjusted EBIT, attributed to a favorable product mix and efficiency measures. Europe and APA regions faced challenges, with declines in sales but maintained profitability through strategic adjustments.
JOST confirmed its 2024 outlook, expecting a single-digit percentage decrease in group sales and adjusted EBIT. The company's strategic margin corridor of 10.0% to 11.5% remains achievable despite market uncertainties.
R. E.
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