JOST Werke SE H1 2025: Key Takeaways
Q2 2025: Resilience, Strategic Focus, and Hyva PMI Integration
🔹 Strong Group-Level Performance
- Total sales reached €391 million, including €109 million from the Hyva hydraulics segment (excluding crane business).
- Organic sales declined slightly by -3%, reflecting a challenging global demand environment.
- Adjusted EBIT increased by 9.5% to €37 million, supported by resilient aftermarket sales and the positive impact of discontinuing the crane segment.
- Adjusted EBIT margin improved to 9.8%, thanks to effective cost control and portfolio optimisation.
🔹 Regional Trends
- EMEA: Sales grew by 3.7% year-over-year, with EBIT margin rising to 5.8%, indicating market stabilisation.
- Americas: Sales fell by 11.1% due to tariff uncertainty, while profitability remained solid at 11.0% EBIT margin.
- APAC: While sales were down 10.2%, strong growth in Agriculture and OEM partnerships in South America and APAC supported a recovery. EBIT surged by 80.7%, driven by long-term contracts and margin expansion.
🔹 Strategic Highlights
- Crane Business Exit: Sale and Purchase Agreement (SPA) signed on August 11, 2025, with closing expected in Q4.
- Hyva PMI Integration: Integration is proceeding well, with synergies already being implemented.
- Financing: Successful issuance of a €320 million promissory note loan during the quarter, improving the maturity profile at favourable rates.
🔹 Outlook for FY 2025
- Confirmed and specified:
- Sales (continued operations): Expected to grow by 40–50% YoY
- Adjusted EBIT: Increase by 23–28% YoY
- Adjusted EBITDA: Increase by 23–28%
- CapEx: Approximately 2.9% of sales
- Working capital: Targeted below 18.5% of sales
- Including discontinued operations (cranes): Sales growth outlook rises to 50–60% and EBIT to 25–50%, depending on deal closure timing.
🔹 Key Messages
- Despite macroeconomic pressures, JOST’s diversified business model—spanning geographies, industries, and customer bases—proved effective in mitigating risk and stabilising margins.
- The aftermarket and Agricultural segments offer strong potential for further growth.
- M&A and local market share gains remain central to JOST’s long-term strategy.
▶️ Other videos:
Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/
Company Presentation: https://seat11a.com/investor-relations-company-presentation/
Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/
Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/
ESG Presentation: https://seat11a.com/investor-relations-esg/
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