Jost Werke Se · XETR:JST
Jost Werke — H1 2026 Earnings Presentation
26 slides from Jost Werke's earnings presentation, Aug 13, 2026
Slide 1: Earnings Conference H1/Q2 2026
EARNINGS CONFERENCE H1/Q2 2026 Joachim Dürr (CEO) & Oliver Gantzert (CFO) – August 13, 2026
Slide 2: Disclaimer
DISCLAIMER This presentation (the “Presentation”) was specifically prepared by JOST Werke SE (the “Company”) for informational purposes only. It is intended to provide a general overview of the Company’s business and does not purport to include all aspects and details regarding the Company. This Pre
Slide 3: H1/Q2 2026 Highlights
JOST growth profitably, delivering a record H1 2026: Sales up 12% to €857m and adj. EBIT up 21% to €88m with margin at 10.3% Strong quality of growth: organic sales up +9%, driven by all three regions and all business lines Hyva integration on track: cross-selling synergies ramping up and profitabil
Slide 4: JOST's Strategy Proves Its Strength and Resilience
JOST’S STRATEGY PROVES ITS STRENGTH AND RESILIENCE Sales up by +13% to €440m in Q2 2026 paired with an adj. EBIT growth of +19% up to €44m and adj. EBIT margin growing by +0.5pp to 10.0% Free cash flow in Q2 2026 up to € +17m (Q2 2025: € +1m) despite Working Capital increase driven by higher busines
Slide 5: Industry Volume Development H1 2026 vs. H1 2025
INDUSTRY VOLUME DEVELOPMENT H1 2026 VS. H1 2025 EMEA AMERICAS APAC TRUCK 5 – 10 % (15)– (10) % 10 – 15 % INDUSTRY (VOLUME) TRAILER 5 – 10 % (10) – (5) % 10 – 15 % TRACTOR 0–5% (10) – (5) % 5 – 10 % HYDRAULICS 0–5% 0–5% 10 – 15 % ORGANIC + 5.6 % + 9.9 % + 14.6 % JOST Werke SE I Earnings Conference H1
Slide 6: Organic Sales Development by Regions and Business Lines
ORGANIC SALES DEVELOPMENT BY REGIONS AND BUSINESS LINES Organic sales growth of +8.9% in H1 2026: positive in all three regions and all three business lines, highlighting success of JOST’s strategy to diversify its portfolio across industries, regions and customers. Sales bridge H1 2026 (€m) Sales g
Slide 7: Strong Resilience Through Wide Range of End Markets, Products and Customers
STRONG RESILIENCE THROUGH WIDE RANGE OF END MARKETS, PRODUCTS AND CUSTOMERS SALES BY DESTINATION H1 2026 ADJ. EBIT BY REGION H1 2026 SALES BY BUSINESS LINES H1 2026 (in % of sales) (in % of adj. EBIT) (in % of sales) 27% 28% 30% 39% 46% 50% 27% 2% 20% 31% EMEA AMERICAS APAC EMEA AMERICAS JV Brasil A
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Slide 9: EMEA – Organic Growth in All Business Lines
EMEA – ORGANIC GROWTH IN ALL BUSINESS LINES EMEA Reported 8.8% 9.5% + Organic sales up by +6% in H1 2026, with growth in all business lines, led by Growth Agriculture and Transport. Sales (€m) Organic 5.6% 3.1% + M&A impact: Hyva contributed €10.1m (Jan. 2026), for reported growth of +9% 409 376 188
Slide 10: Americas – Strong Organic Growth and Marked Margin Improvement
AMERICAS – STRONG ORGANIC GROWTH AND MARKED MARGIN IMPROVEMENT DESPITE OVERALL WEAK MARKETS IN US & BRAZIL Americas Reported 11.5% 17.1% + Organic sales up by +10% in H1 2026, driven by the ramp-up of organic projects in Growth 9.9% 14.2% South America, new customers in North America and cross-selli
Slide 11: APAC – Strong Growth Across All Business Lines
APAC – STRONG GROWTH ACROSS ALL BUSINESS LINES WITH SYNERGIES DRIVING PROFITABILITY APAC + Organic sales up by +15%, driven by the growing export business in China and Reported 19.6% 14.0% Growth broad-based demand growth in India across all business lines. 14.6% 14.8% + Strong M&A impact: Hyva cont
Slide 12: Group – Strong Organic Growth Across All Regions and Business Lines
GROUP – STRONG ORGANIC GROWTH ACROSS ALL REGIONS AND BUSINESS LINES PAIRED WITH INCREASING PROFITABILITY Reported group 12.1% 12.7% Growth + Reported sales increased +12% to €857m in H1 2026, with organic growth up by Organic 8.9% 857 8.9% +9%, driven by all regions and all business lines. Sales (€m
Slide 13: Adjusted Net Income and Adjusted EPS from Continuing Operations
ADJUSTED NET INCOME AND ADJUSTED EPS FROM CONTINUING OPERATIONS income Reported net income increased by 63% to €32.4m 7 (H1 2025: €19.9m) 18 88 Reported EPS increased to €2.00 (H1 2025: €1.32) even with a higher number of shares in H1 2026 -14 14 − PPA D&A declined to €-18m (H1 2025: €-27m) as 63 in
Slide 14: Exceptionals Driven by Non-Cash PPA Effects
EXCEPTIONALS DRIVEN BY NON-CASH PPA EFFECTS (72%) WITH HYVA PMI ONE-OFFS SINCE ACQUISITION AT €18M, WITHIN ANNOUNCED RANGE Of the €25.0m exceptionals in H1 2026, €17.9m is non-cash PPA amortization. Of the remaining €7.1m of other effects, €6.1m are Hyva integration one-offs and €1.0m are unrelated
Slide 15: ROCE, Equity Ratio and Leverage Development
ROCE, EQUITY RATIO AND LEVERAGE DEVELOPMENT 0.6pp BALANCE SHEET + Further sequential improvement in ROCE, up by 0.6pp to 16.3% compared to 16.3% ROCE1 15.7% year-end (%) + ROCE up 3.5pp vs. H1 2025: entirely operational boost, driven by strong LTM adj. EBIT growth on a broadly stable capital base De
Slide 16: Cash Flow and Working Capital Development
CASH FLOW AND WORKING CAPITAL DEVELOPMENT CASH FLOW + FCF in H1 2026 at €16m (H1 2025: €39m), reflecting deliberate WC build: Free cash flow1 Cash conversion 0.9 0.3 vs. year-end receivables +€61m on organic growth and inventories +€39m incl. rate2 safety stocks. (€m) 39.4 + Q2 2026 FCF recovered to
Slide 17: Outlook
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Slide 18: Market Expectations for 2026 (Industry Volume)
MARKET EXPECTATIONS FOR 2026 (INDUSTRY VOLUME) EMEA AMERICAS APAC 0–5% 5 – 10 % 5 – 10 % TRUCK European truck production Class 8 truck production expected Chinese truck OEMs grow with expected to be slightly up to grow sharply in H2 after exports to Global South and compared to prior year. negative
Slide 19: Outlook FY 2026 Confirmed
OUTLOOK FY 2026 CONFIRMED Single digit growth Sales (2025: €1,534m) Mid-to-high single digit growth Adj. EBIT (2025: €145m) Adj. EBIT margin Higher than prior year (2025: 9.5%) 2026 Capex (in % of sales) 1 1: Excluding M&A Approx. 2.8% of sales (2025: 2.8%) Outlook Working Capital Between 17.5% - 18
Slide 20: Executive Summary
EXECUTIVE SUMMARY Sales up 12% to €857m in H1 2026 and adj. EBIT up 21% to €88m with adj. EBIT margin improving +0.8pp to 10.3%, inside our strategic 10–12% corridor. Diversification delivering organic growth (+9% in H1 2026) in all regions and business lines, paired with market share gains. Rolling
Slide 21: Questions / Appendix
Questions Appendix
Slide 22: Historical Seasonality: Sales and Adjusted EBIT by Quarter
HISTORICAL SEASONALITY DEVELOPMENT OF JOST’S SALES AND ADJUSTED EBIT BY QUARTER Sales (€m) Adj. EBIT (€m) / Adj. EBIT Margin (%) 440 417 391 383 387 374 342 44 44 322 327 330 312 40 304 299 298 37 37 37 292 286 36 273 34 35 35 266 33 34 257 252 32 246 30 30 30 30 226 27 27 24 21 10.0% 11.6% 11.6% 11
Slide 23: H1/H2 Historical Seasonality of JOST Sales
H1/H2 HISTORICAL SEASONALITY OF JOST SALES Group sales are typically higher in H1 than in H2: major customers close production plants for the summer break at the start of H2, and agricultural customers invest ahead of the harvest season. Year-end production plant closures for maintenance (around Chr
Slide 24: Shareholder Structure and Share Information
SHAREHOLDER STRUCTURE AND SHARE INFORMATION Shareholder structure Share information as of August 13, 2026 FMR LLC 10% Kempen ISIN DE000JST4000 5% Union 5% Investment Trading symbol JST German Sec. Code Number (WKN) JST400 Other Shares in issue 16,390,000 Index SDAX 80% Listed since July 20, 2017 JOS
Slide 25: Investor Events 2026 / Investor Relations Contact
INVESTOR EVENTS 2026 Aug 13, 2026 Publication Interim Report H1 2026/Q2 2026 Nov 12, 2026 Publication Interim Report 9M 2026/Q3 2026 INVESTOR RELATIONS CONTACT ROMY ACOSTA JOST Werke SE Head of Investor Relations SIEMENSSTRASSE 2 63263 NEU-ISENBURG E-MAIL: romy.acosta@jost-world.com GERMANY PHONE: +
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