JOST Werke SE (XTER:JST)
€ 41.55 0.35 (0.85%) Market Cap: 619.10 Mil Enterprise Value: 780.03 Mil PE Ratio: 16.96 PB Ratio: 1.57 GF Score: 74/100
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Q3 2024 Jost Werke SE Earnings Call Transcript

Nov 14, 2024 / 10:00AM GMT
Release Date Price: €42.7 (+1.67%)
Joachim Durr
Jost Werke SE - Chairman of the Executive Board, Chief Executive Officer

A very good morning here from our JOST office in Shanghai, where I'm today located. A warm welcome to our Q3 quarterly results call for the third quarter 2024. So if you look at the third quarter 2024, we can say we had a very soft, very slow market development, but I think we still had a very, very active Q3 at JOST. First, we had our Capital Markets Day in beginning of September, which I think was a great success, a good outcome and a lot of interesting information and good discussion.

And we were also able to reconfirm our ambition, or to show you our ambition for the midterm future where we want to become a $2 billion company -- EUR2 billion rather company and want to accelerate our earnings to EUR10 per share on an adjusted EBIT basis. I'm also very happy to show some highlights that help us achieve that target. So very happy that we could announce that we have signed the agreement to acquire the Hyva Group, which is adding the global market leader for hydraulic tipping cylinders to our portfolio. A very

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