JOST Werke SE Announces Successful Fiscal Year 2023 and Dividend Increase

JOST Werke SE, a global leader in the manufacture and supply of safety-critical systems for the commercial vehicle industry, has reported a successful conclusion to the fiscal year 2023. Achieving its financial targets, JOST announced steady sales of EUR 1,250 million, a marginal decrease from the previous year's EUR 1,265 million. Despite market challenges, the company improved its profitability, with adjusted EBIT rising by 14% to EUR 141 million and an adjusted EBIT margin increase to 11.3%.

The company also reported an 8% increase in adjusted earnings per share (EPS), reaching EUR 6.24 up from EUR 5.76 in 2022. Additionally, JOST proposed a dividend increase to EUR 1.50 per share, up from EUR 1.40 in the previous year, signaling confidence in its financial health and commitment to shareholder returns. Enhanced production efficiency and stringent cost-control measures contributed to these financial improvements. JOST also reported a reduction in CO2eq emissions, underscoring its commitment to environmental sustainability.

JOST's robust demand in the transport sector offset weaker agricultural component sales. Strategic M&A activities and the establishment of a new production plant in India were highlighted as key drivers of its success. Looking ahead, the company anticipates challenges in 2024 due to expected declines in the transport and agriculture markets but remains optimistic about leveraging strategic growth opportunities.