Q4 2025 Jost Werke SE Earnings Call Transcript
Key Points
- JOST Werke SE (XTER:JST) achieved a significant sales growth of 44% in 2025, reaching approximately EUR 1.5 billion, supported by the Hyva acquisition and 2% organic growth.
- The company successfully integrated the Hyva business, capturing synergies that contributed to the financial performance.
- Adjusted EBIT from continuous operations grew by 29% to EUR 145 million, with an adjusted EBIT margin of 9.5%.
- Free cash flow reached a record EUR 126 million, driven by Hyva's contribution and improvements in working capital.
- The company maintained a strong global presence, with sales distributed across EMEA (47%), Americas (27%), and APAC (26%), contributing to its resilience in a challenging market environment.
- The US market faced a significant contraction, shrinking by 25% to 30%, which posed challenges for JOST Werke SE (XTER:JST).
- The integration of Hyva led to a dilution in the adjusted EBIT margin in the EMEA region, primarily due to central costs and adjustments.
- The equity ratio decreased to 21.2% by the end of 2025, impacted by the balance sheet extension and negative FX translation effects.
- The company anticipates a potential impact on working capital requirements in 2026, which could affect free cash flow conversion.
- Geopolitical uncertainties, such as the Iran conflict, pose risks to energy and transport costs, potentially impacting the global economy and JOST Werke SE (XTER:JST)'s operations.
Good morning from our headquarters in Neu-Isenburg, and a warm welcome to our earnings conference for the financial year 2025. So let's look at the highlights of last year. We had a year of growth in JOST with the consolidation of our Hyva business. We successfully integrated that business into the group starting February 1, and we were able to capture the first synergies already in the year 2025.
Another part of that integration was that we successfully sold and carved-out the non-core Cranes business that we've acquired with this transaction, and we're able to swiftly close that also in December of 2025. We also had support for market share gains through new customer projects, as we successfully combined our local-for-local approach in regions with our global OEM contact and our global strength. The market environment was not supportive last year US markets were shrinking by 25% to 30%.
But despite this, we were able to manage and achieve an organic growth in the JOST organic business. So we've
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