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 2024 Jost Werke SE Earnings Call Transcript

Aug 14, 2024 / 09:00AM GMT
Release Date Price: €40 (+4.44%)
Joachim Durr
Jost Werke SE - Chairman of the Executive Board, Chief Executive Officer

Yeah, thank you very much and a good morning and a warm welcome to all of you, this time from Greeneville, Tennessee. So I'm not standing next to Oliver in our normal room, but I'm here with our US people. I'm still looking forward to present to you the Q2 numbers for 2024. So let's look at financial highlights that we've had in 2024 Q2.

Our sales have reached EUR298 million in this quarter, partially supported by M&A contribution of EUR21 million. Our adjusted EBIT reached EUR34 million and the adjusted EBIT margin remained strong on the prior year's level of 11.3%, despite the declining sales that we had due to the much softer markets in Q2.

The free cash flow grew to EUR61 million in the first half year of 2024. And our leverage, and that's important to us, remained below the one-time factor, even after the dividend payment of EUR22 million that we have done in Q2.

Our adjusted earnings per share reached EUR3.07 in the first half year, and the adjusted net earnings to sales ratio

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