JOST Werke SE Concludes 2024 With Strong Cash Flow

JOST Werke SE reported completing its fiscal year 2024 on a positive note, with a robust free cash flow of EUR 115.1 million. Despite a 14.4% drop in sales to EUR 1,069.4 million, the company's profitability remained resilient with an adjusted EBITDA margin stable at 13.9%.

JOST's operations faced challenges from a cyclical market decline, particularly in Europe and North America. However, strategic acquisitions, such as Hyva, enhanced its market position. The agricultural sector provided a boost, partly supported by the integration of JOST Agriculture & Construction South America Ltda.

Although sales in North America and Asia-Pacific-Africa decreased, improvements in working capital and strategic investments aided cash flow. The reduction in net debt by EUR 53.2 million further strengthened JOST's financial standing, positioning it well for future growth initiatives.