on JOST Werke SE (isin : DE000JST4000)
JOST Werke SE Reports Financial Results for 2024 and Proposes Dividend
JOST Werke SE has announced its financial results for 2024, reporting a slight increase in earnings after taxes to EUR 53 million. Despite a 14.4% decrease in sales to EUR 1,069 million due to market conditions, the company achieved stable earnings through positive one-off financial results. Adjusted earnings per share decreased to EUR 5.20. A dividend of EUR 1.50 per share has been proposed.
The company maintained a strong free cash flow of EUR +115 million and an improved equity ratio of 40.4%. Notable developments include the Hyva acquisition, enhancing JOST's resilience. CEO Joachim Dürr emphasized growth through strategic initiatives, while CFO Oliver Gantzert praised the financial performance and cost management efforts.
JOST also reported a CO2 emissions reduction, surpassing its targets, and anticipates a significant 50-60% sales increase in 2025, partly due to the Hyva consolidation. The focus for 2025 includes integrating Hyva and reducing the debt burden.
R. E.
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