JOST presents growth strategy and its 2030 ambitions

EQS-News: JOST Werke SE / Key word(s): Capital Markets Day/Miscellaneous JOST presents growth strategy and its 2030 ambitions 10.09.2024 / 15:30 CET/CEST The issuer is solely responsible for the content of this announcement. JOST presents growth strategy and its 2030 ambitions

• JOST sets out a clear goal for its relevant markets and product areas: Be the No. 1 supplier for on- and off-highway commercial vehicles worldwide
• Sales target of more than EUR 2 billion by 2030: JOST aims to generate sales of more than EUR 2 billion by 2030; this represents a CAGR of 7% (2023: EUR 1.2 billion).
• Strong profitability to increase further: the strategic corridor for adjusted EBIT margin to be raised to
  10.0% to 12.0% (previously: 10.0% to 11.5%)
• Shareholder value to grow significantly: adjusted EPS expected to grow at a faster pace than sales and should reach EUR 10 per share by 2030 (2023: EUR 6.24)
• Strong value drivers: Technological developments and innovations, higher sales per customer, geographical expansion, market share gains particularly in off-highway end markets, growing share of services.

 

Neu-Isenburg, September 10, 2024 - JOST Werke SE ("JOST"), a leading global producer and supplier of safety-critical systems for the commercial vehicle industry, today presented its growth strategy and 2030 ambitions at its Capital Markets Day in Neu-Isenburg, Germany.

Joachim Dürr, CEO of JOST Werke SE, says: "As a leading manufacturer and supplier of safety-critical systems for the commercial vehicle industry, we understand the customer needs of OEMs and end users in the transportation and agricultural markets very well. This is a key success factor for JOST. Our proximity to the customer and our high industry expertise enable us to differentiate our products from the competition and continuously improve our market positioning worldwide. JOST is therefore well posed to tap into new profitable revenue pools, leveraging cross-selling opportunities, thus growing faster than the underlying market mid-term. In addition, we see good opportunities to expand our product portfolio and strengthen our regional presence through value-accretive acquisitions. This will enable JOST to boost its growth. We want to significantly increase JOST's shareholder value and are confident that with our strategy we will be able to achieve our ambitious targets by 2030."