on JOST Werke SE (isin : DE000JST4000)
JOST Werke SE Maintains Strong Free Cash Flow Despite Market Challenges in Q3 2024
JOST Werke SE reported a robust free cash flow of EUR 23 million for the third quarter of 2024, matching the previous year's figure, even amid a cyclical market downturn. Sales saw a decline of 15.7% to EUR 246.3 million compared to EUR 292 million in Q3 2023. Nevertheless, the company upheld a strong EBIT margin at 10.8%, demonstrating resilience in managing profitability.
The CEO, Joachim Dürr, emphasized strategic growth with the acquisition of Hyva, aimed at enhancing global partnerships and expanding reach. In Europe, sales decreased by 9.2% despite contributions from acquired firms, while cost control measures helped stabilize profitability.
JOST’s financial stability was further evidenced by a steady leverage ratio, and successful capital management, reducing net debt by EUR 17.5 million while investing in future growth.
R. H.
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