Jost Werke Se · XETR:JST
Jost Werke — Q1 2026 Earnings Presentation
23 slides from Jost Werke's earnings presentation, May 13, 2026
Slide 1: Earnings Conference Q1 2026
EARNINGS CONFERENCE Q1 2026 Joachim Dürr (CEO) & Oliver Gantzert (CFO) – May 13, 2026
Slide 2: Disclaimer
DISCLAIMER THIS PRESENTATION IS CONFIDENTIAL AND MUST NOT BE RELEASED, PUBLISHED, TRANSMITTED OR DISTRIBUTED, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL. This presentation
Slide 3: Highlights
Hyva integration on track, with synergies ramping up and profitability returning to the 10–12% strategic adj. EBIT margin corridor New hydraulics plant in Brazil strengthens regional footprint and expands capacity to support future growth in the AMERICAS region. JOST increased shared capital by 10%
Slide 4: Financial Highlights
JOST’S STRATEGY PROVES ITS STRENGTH AND RESILIENCE Sales up by +12% to €417m in Q1 2026 with organic sales growing +9%. All regions and all business lines contributed to organic growth in Q1 2026. Adj. EBIT up by +23% to €44m in Q1 2026 and adj. EBIT margin improved to 10.6%, back within strategic m
Slide 5: Industry Market Development Q1 2026 vs. Q1 2025
INDUSTRY MARKET DEVELOPMENT Q1 2026 VS. Q1 2025 EMEA AMERICAS APAC TRUCK 5 – 10 % (30) – (25) % 10 – 15 % INDUSTRY (VOLUMEN) TRAILER 5 – 10 % (15) – (20) % 5 – 10 % TRACTOR 5 – 10 % (10) – (5) % 15 – 20 % HYDRAULICS 0–5% (5) – 0 % 5 – 10 % ORGANIC + 8.4 % + 5.2 % + 14.5 % JOST Werke SE I Earnings Co
Slide 6: 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 Q1 2026 ADJ. EBIT BY REGION Q1 2026 SALES BY BUSINESS LINES Q1 2026 (in % of sales) (in % of sales) (in % of sales) 27% 30% 38% 35% 48% 50% 25% 2% 20% 25% EMEA AMERICAS APAC EMEA AMERICAS JV Brasil APAC
Slide 7: Business lines / regions
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Slide 8: EMEA – Growth momentum continues and profitability improves driven by synergies
EMEA – GROWTH MOMENTUM CONTINUES AND PROFITABILITY IMPROVES DRIVEN BY SYNERGIES EMEA + Organic sales went up by +8.4% in Q1 2026 supported by growth in all Reported 8.1% business lines. Growth M&A impact was broadly neutral: Hyva contributed €10m (Jan. 2026), Sales (€m) Organic 8.4% offset by €11m d
Slide 9: Americas – Growth supported by M&A and market share gains
AMERICAS – GROWTH SUPPORTED BY M&A AND MARKET SHARE GAINS HIGHLIGHTING JOST’S STRONG POSITIONING Americas Reported 5.6% + Organic sales up by +5.2% in Q1 2026 supported by growth in agriculture Growth and construction, especially due to ramp-up of organic project pipeline in 5.2% South America. Sale
Slide 10: APAC – Strong growth across all business lines
APAC – STRONG GROWTH ACROSS ALL BUSINESS LINES WITH SYNERGIES DRIVING PROFITABILITY IMPROVEMENTS APAC Reported 26.0% + Organic sales up by +14.5% driven by strong Transport and Hydraulic Growth business in India and China. + Strong M&A impact: Hyva contributed €12m (Jan. 2026), while 14.5% Sales (€m
Slide 11: Group – Strong organic growth across all regions and business lines
GROUP – STRONG ORGANIC GROWTH ACROSS ALL REGIONS AND BUSINESS LINES PAIRED WITH SYNERGIES BOOSTED PROFITABILITY group + Reported sales increased +12% to €417m in Q1 2026, with organic Reported 11.6% Growth growth up by +9%, driven by all regions and all business lines. + Positive M&A impact: Hyva co
Slide 12: Adjusted Net Income and Adjusted EPS from Continuing Operations
ADJUSTED NET INCOME AND ADJUSTED EPS FROM CONTINUING OPERATIONS income Reported net income increased by 26% to €16.5m (Q1 5 2025: €13.1m) 9 44 Reported EPS increased to €1.05 (Q1 2025: €0.88) even with higher number of shares in Q1 2026 -6 − PPA D&A declined to €-9m (Q1 2025: €-11m) as 6 inventory s
Slide 13: ROCE, Equity Ratio and Leverage Development
ROCE, EQUITY RATIO AND LEVERAGE DEVELOPMENT 0.2pp BALANCE SHEET + Further sequential improvements to ROCE as adj. EBIT grows through 15.9% ROCE1 15.7% synergies and financial liabilities decline (%) + ROCE up by 0.2pp to 15.9% compared to year-end and up 2.4pp vs. Q1 2025 Dec 31, 2025 March 31, 2026
Slide 14: Cash Flow and Working Capital Development
CASH FLOW AND WORKING CAPITAL DEVELOPMENT CASH FLOW - FCF impacted by Working Capital increase as receivables went up Free cash flow1 Cash conversion 1.6 -0.1 rate2 vs. year- end by €56m due to growing activity level q-o-q as well as (€m) 38.8 inventory increase +21m vs. year-end (incl. safety stock
Slide 15: Outlook
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Slide 16: Market Development Expectations for 2026 (Industry Volume)
MARKET DEVELOPMENT EXPECTATIONS FOR 2026 (INDUSTRY VOLUME) EMEA AMERICAS APAC 0–5% 5 – 10 % 0–5% TRUCK Demand expected to remain Higher Class 8 orders signal an Truck demand in APAC expected stable on prior year’s level expected production growth in H2 to grow driven by India recovery driven by spot
Slide 17: 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%) Capex Approx. 2.8% of sales 2026 (in % of sales) 1 (2025: 2.8%) 1: Excluding M&A Working Between 17.5% - 18.5% of sales Out
Slide 18: Executive Summary
EXECUTIVE SUMMARY JOST had strong start into 2026 achieving a new record for sales and adj. EBIT in a single quarter Hyva integration on track to deliver all expected synergies in 2026, boosting JOST’s profitability. JOST achieved strong organic growth in a mixed market environment due to its robust
Slide 19: Questions / Appendix
Questions Appendix
Slide 20: 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 (%) 417 391 383 387 374 342 330 322 327 44 312 304 292 286 299 298 40 273 266 37 37 37 257 252 35 36 35 246 34 33 34 226 32 30 30 30 30 27 27 24 21 10.6% 11.6% 11.6% 11.3% 11.
Slide 21: Shareholder Structure and Share Information
SHAREHOLDER STRUCTURE AND SHARE INFORMATION Shareholder structure Share information as of May 12, 2026 FMR LLC 10% Allianz Global Investors ISIN DE000JST4000 5% Kempen Trading symbol JST 5% Union German Sec. Code Number (WKN) JST400 5% Investment Shares in issue 16,390,000 Other Index SDAX 70% Liste
Slide 22: Investor Events 2026 / Investor Relations Contact
INVESTOR EVENTS 2026 May 13, 2026 Publication Interim Report Q1 2026 May 22, 2026 Berenberg European Conference 2026, Manhattan, New York/USA June 11, 2026 ODDO BHF NEXTCAP FORUM, Paris/France Aug 13, 2026 Publication Interim Report H1 2026/Q2 2026 Nov 12, 2026 Publication Interim Report 9M 2026/Q3
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