Jost Werke, a leading commercial vehicle supplier, has outperformed analyst expectations despite a challenging market environment. The company’s adjusted operating profit rose 10% to €37 million in Q2, while revenue surged 44% to €429 million, driven largely by its acquisition of hydraulic specialist Hyva. Even excluding the acquisition, organic revenue decline slowed to 3.2%, a marked improvement from Q1’s 9% drop. Regional performance varied, with Asia-Pacific sales doubling to €187 million, while the Americas saw a 20-25% demand slump. Despite margin pressures—operating margin dipped to 9.5%—management reaffirmed full-year guidance, citing a resilient business model.
Financial Resilience Amid Expansion Costs
The Hyva integration has begun yielding synergies, though net profit halved to €6.8 million due to acquisition costs. A €320 million bond issuance strengthened long-term financing, with leverage temporarily exceeding targets but expected to normalize by year-end. The divestment of Hyva’s crane division will further streamline operations. Investors responded positively, lifting shares over 2%, signaling confidence in Jost Werke’s strategic pivot during sector-wide headwinds.
