Jost-Werke AG : Full release of FY 2023 and FY 2024 guidance are in line overall
>No major surprises from the full release of FY 2023 - Jost already pre-released FY2023 KPIs down to the adj. EBIT line, which were weaker than expected on the top-line but better on earnings on 20 Feb. With today’s full release of FY 2023 Jost confirms those preliminary KPIs: FY 2023 group sales are -1% y-o-y to € 1.25bn with a flat y-o-y organic growth and FY 2023 group adj. EBIT is +14% y-o-y to € 141m with an adj. EBIT margin of 11.3%. FY 2023 reported EPS is -13%...JOST Werke AG is a Germany-based company that manufactures truck and commercial vehicle components. The Company provides a wide range of products, such as fifth wheel couplings, telescopic landing gears and accessories for semi trailers, ball bearing turntables, king pins, and container locks and components for alternating systems; towing hitches and drawbar eyes for both transporters and trucks, as well as for use in the agricultural industry; and towing drawbars for both road and agricultural use. The Company's products clustered in three systems: Vehicle Interface (focusing on products required to operate a commercial vehicle combination of trucks and trailers such as fifth wheels and landing gears), Handling Solutions (including container technology and hydraulic cylinders products) and Maneuvering (focusing on truck and trailer axles and forced steering).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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