JOST Werke Unveils Bold Growth Strategy and Ambitious 2030 Goals

• JOST aims to be the No. 1 supplier for on- and off-highway commercial vehicles worldwide by 2030.
• Sales target of more than EUR 2 billion by 2030, representing a CAGR of 7% from EUR 1.2 billion in 2023.
• Strategic corridor for adjusted EBIT margin raised to 10.0% to 12.0% (previously 10.0% to 11.5%).
• Adjusted EPS expected to grow faster than sales, reaching EUR 10 per share by 2030 (2023: EUR 6.24).
• Key growth drivers include technological developments, higher sales per customer, geographical expansion, market share gains, and growing share of services.
• Financial targets include leverage corridor of 1.0x to 2.0x adjusted EBITDA, ROCE of 18% or higher, and maintaining capex to sales ratio within 2.4% to 2.7%.

The next important date, Publication of Q3 2024 Interim Report; Q3 2024 Analysts and Investors Conference, at JOST Werke is on 14.11.2024.

The price of JOST Werke at the time of the news was 41,30EUR and was up +0,12 % compared with the previous day.
1 minutes after the article was published, the price was 41,20EUR this corresponds to a minus of -0,24 % since publication.
At this time, the index SDAX was at 13.335,90PKT (-0,26 %).

JOST Werke

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ISIN:DE000JST4000WKN:JST400

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