JOST Werke SE (XTER:JST)
€ 44.25 1 (2.31%) Market Cap: 661.56 Mil Enterprise Value: 822.50 Mil PE Ratio: 18.06 PB Ratio: 1.68 GF Score: 78/100
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Q2 2021 JOST Werke AG Earnings Call Transcript

Aug 12, 2021 / 09:00AM GMT
Release Date Price: €54.2 (+1.12%)
Operator

Ladies and gentlemen, thank you for standing by. I am Emma, your Chorus Call operator. Welcome, and thank you for joining JOST Werke Q2 2021 Conference Call. (Operator Instructions) Our speakers today are Joachim Dürr, CEO of JOST Werke AG; and Christian Terlinde, CFO. I would now like to turn the conference over to Joachim Dürr. Please go ahead.

Joachim Dürr
JOST Werke AG - CEO, Chairman of the Executive Board & Chief Sales Officer

Thank you, Emma, and a very good morning from Neu-Isenburg, and a warm welcome to our Q2 conference call. JOST has closed a very strong second quarter, supported by storing markets and also slightly impacted already by material and freight cost impact. The highlights were that we increased our sales by 56%, and we achieved a new sales record of EUR 273 million in 1 quarter.

Our adjusted EBIT grew to EUR 30 million and the adjusted EBIT margin rose to 11%. Our high operational flexibility and the better capacity utilization limited the impact from domestic chain constraints and rising material prices that we've seen

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