Jost-Werke AG : Full release of Q3 2024 is in line and confirmation of the FY 2024 guidance
>Very weak market environment weighed on Q3 2024 results - On 11 October, Jost-Werke had already pre-released weak KPIs for its Q3 2024 and cut its FY 2024 guidance. Today’s full release of the company’s Q3 2024 is in line: Reported group sales are -16% y-o-y to € 246m (-19.9% organically), with the largest decline in North America (-30% y-o-y), followed by Europe (-17%) and APAC (-12). Looking by end-customer market, Transport sales are -20% y-o-y and Agriculture sa...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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