Jost-Werke AG : Q2 due 11 August – Continued strong top-line growth at lower margins
>We expect double-digit sales growth but a lower adj. EBIT margin y-o-y - Jost is due to report its Q2 2022 results on 11 August. We expect group sales to increase 15% y-o-y to € 318m. Top-line growth shall be driven by the North America segment (+49% y-o-y) and Europe (+13%), while APAC is still suffering from a weak Chinese market (-14%). We forecast Jost’s group adj. EBIT to be flat y-o-y at € 30m, but its adj. EBIT margin to decline 160bp from 10.9% a year ago to ...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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