Jost Werke Se (JSTWF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and a warm welcome to our Q1 2026 earnings conference. Myself and Oliver will guide you through what we think was a very strong start into this year with the Q1 performance. So let's look at the Q1 highlights from our side. The EVA integration is on track and the synergies are ramping up. And with that benefit, we could return into our profitability corridor, our strategic corridor between 10 and 12%, a little earlier than we initially expected. We have inaugurated a new hydraulics plant in Brazil, and that strengthens our regional footprint in that important region and expands our capacity for the future growth that we have planned for the Americas region in general. We've also increased our share capital by 10% in Q1, 2026. We've issued 1.49 million shares at a price of 62 euros and 13 cents. And with that, we had gross proceeds of approximately 93 million euros. From a market side, EMEA market recovered slightly. The APAC demand was quite positive. export market in the US. And we've leveraged that market environment. And together with our drive and our organic growth pipeline, we were able to ramp up and use the organic growth and new customer gains to have what we think is a strong sales performance in the first quarter. So let's come to the financial numbers and let's start with sales. We have achieved a record sales level of $417 million euros in one quarter. That's the first time in the record level for the US group. That was up 12% compared to previous year. And as you know, with the EVA integration and the divestment of trains, that is a bit complex. So that's why it's also important to look at the organic sales numbers. And that is a growth of 9% versus the first quarter of last year. All regions and all business lines have contributed to this ...