Jost-Werke AG : FY 2023 prelims show a weaker top line, but better earnings
>Q4/FY 2023 earnings and FCF ahead of expectations - Jost’s Q4 2023 group sales are -6% y-o-y to € 286m (-5% vs ODDO BHF; -4% vs cons.) and group adj. EBIT is +13% y-o-y to € 30m (+18% vs. ODDO BHF; +16% vs. cons.) with an adj. EBIT margin of 10.6% (ODDO BHF: 8.5%; cons.: 8.8%). The company’s Q4 2023 FCF increased from € 20m a year ago to € 56m in Q4 2023 (ODDO BHF: € 14m). Jost’s FY 2023 group sales are -1% y-o-y to € 1 .25bn (ODDO BHF: € 1.27bn; cons.: € 1.26bn) wit...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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