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.
Ad
Jost Werke Stock: Buy or Sell?! New Jost Werke Analysis from December 30 delivers the answer:
The latest Jost Werke figures speak for themselves: Urgent action needed for Jost Werke investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from December 30.
Jost Werke: Buy or sell? Read more here...
