JOST Werke Sustains High Profitability, Boosts Free Cash Flow in Q1 2024

• JOST Werke SE maintains high profitability and improves free cash flow in Q1 2024 despite challenging market conditions
• Sales in Q1 2024 were EUR 299 million, down from EUR 342 million in Q1 2023 due to market conditions
• Adjusted EBIT margin remains stable at 11.6% and adjusted EBIT reaches EUR 35 million
• Free cash flow increased by 164% to EUR +35 million, up from EUR +13 million in Q1 2023
• Net debt was further reduced, with the leverage ratio improving to 0.93x, down from 0.998x at the end of 2023
• JOST confirms its outlook for the 2024 financial year, expecting a single-digit percentage decrease in group sales compared to 2023.

The next important date, Publication of Interim Report Q1 2024; Analysts and Investors Conference Q1 2024, at JOST Werke is on 15.05.2024.

The price of JOST Werke at the time of the news was 48,08EUR and was up +0,26 % compared with the previous day.
At this time, the index SDAX was at 15.118,45PKT (+0,30 %).

JOST Werke

-0,53 %

+4,77 %

+4,08 %

-1,97 %

-4,84 %

-16,31 %

+55,01 %

+72,26 %

+62,85 %

ISIN:DE000JST4000WKN:JST400

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