EQS-News

JOST closes fiscal year 2023 successfully and proposes a dividend of EUR 1.50 per share

EQS-News: JOST Werke SE / Key word(s): Annual Report/Dividend JOST closes fiscal year 2023 successfully and proposes a dividend of EUR 1.50 per share 26.03.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. JOST closes fiscal year 2023 successfully and proposes a dividend of EUR 1.50 per share

• JOST confirms preliminary results: Financial targets achieved in fiscal year 2023
• Stable sales in 2023: Sales at EUR 1,250 million (2022: EUR 1,265 million)
• Profitability significantly improved: Adjusted EBIT increases by 14% to EUR 141 million (2022: EUR 124 million) and adjusted EBIT margin rises significantly to 11.3% (2022: 9.8%)
• Adjusted EPS increased: Adjusted earnings per share increased by 8% to EUR 6.24 (2022: EUR 5.76)
• Improved carbon footprint: CO_2eq emissions reduced by 19% to 3.4 kg CO_2eq per production hour (2022: 4.2 kg CO_2eq per production hour)
• Dividend proposal: Dividend proposal increased to EUR 1.50 per share (2022: EUR 1.40)

 

Neu-Isenburg, 26. March 2024. JOST Werke SE („JOST”), a leading global producer and supplier of safety-critical systems for the commercial vehicle industry, confirmed the preliminary results published on February 20, 2024, at today's presentation of its consolidated financial statements for the 2023 fiscal year.

Joachim Dürr, CEO of JOST Werke SE, said: "2023 was a very successful year for JOST. In a challenging market environment, we were able to achieve an excellent business development thanks to our flexibility. At the same time, we took important strategic steps with two M&A transactions and the commissioning of a new production plant in India. The growth in the Transport business enabled us to compensate for the market weakness in Agriculture, maintaining sales revenues at the previous year's level of EUR 1.2 billion. Moreover, we also managed to significantly improve our profitability compared to 2022. We want our shareholders to participate in this success and are therefore proposing to the Annual General Meeting that the dividend be increased to EUR 1.50 per share. At JOST, we have always used cycles as opportunities to further strengthen our market positioning and to develop new business ideas and open up markets successfully and profitably. Therefore, I see 2024 as a year full of opportunities."