JOST Werke SE (LTS:0RTR)
€ 41.625 0 (0%) Market Cap: 619.10 Mil Enterprise Value: 780.03 Mil PE Ratio: 16.96 PB Ratio: 1.57 GF Score: 76/100
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Q3 2021 JOST Werke AG Earnings Call Transcript

Nov 11, 2021 / 10:00AM GMT
Release Date Price: €49.9 (+0.60%)
Operator

Ladies and gentlemen, thank you for standing by. I'm Stuart, your Chorus Call operator. Welcome, and thank you for joining JOST Werke Q3 2021 Conference Call. Throughout today's recorded presentation, (Operator Instructions) Our speakers today are Joachim Dürr, CEO of JOST Werke AG; and Christian Terlinde, CFO.

I would now like to turn the conference over to Joachim Dürr. Please go ahead.

Joachim Dürr
JOST Werke AG - CEO, Chairman of the Executive Board & Chief Sales Officer

Thank you, Stuart, and a very warm welcome from Neu-Isenburg to our Q3 2021 Investor and Analyst Call. We had a third quarter with very strong demand worldwide power products and -- but also with very volatile supply chains and unprecedented material cost development. With our flexibility, we were able to deliver a quite strong Q3. The highlights were that we increased our sales by 28%, and we achieved a Q3 record of EUR 252 million in Q3 2021. Our adjusted EBIT grew by 20% to EUR 24 million, and the adjusted EBIT margin was 9.6%.

The Chinese market downturn and

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