Jost Werke Se (JSTWF) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.233 -- 00:00:05.619 A very good morning here from Neue Eisenberg and a warm welcome to our Q3 00:00:05.619 -- 00:00:10.785 earnings conference for Joost Werke SE. So I would like to start with 00:00:10.785 -- 00:00:15.850 the highlights of the first nine months and the 00:00:15.850 -- 00:00:18.533 third quarter of this year. In 00:00:18.533 -- 00:00:23.559 the third quarter, we were able to accelerate our profitable growth despite the challenging 00:00:23.559 -- 00:00:27.700 market environment. This was supported by market share gains. 00:00:27.700 -- 00:00:32.965 We had organic growth opportunities we could implement and of course by the 00:00:32.965 -- 00:00:38.330 M&A of the Hiva Group. The Hiva Group PMI post-merger integration 00:00:38.330 -- 00:00:43.415 is fully on track. We see already a ramp up of the synergies 00:00:43.415 -- 00:00:49.679 and we advance further with new cross-selling opportunities that we have identified. 00:00:50.321 -- 00:00:54.740 We were able to obtain market share gains across all regions. 00:00:54.740 -- 00:00:57.224 and in all business lines. 00:00:57.224 -- 00:01:02.552 And that is because we could successfully combine our local for local approach 00:01:02.552 -- 00:01:05.817 in operations, selling and production 00:01:05.817 -- 00:01:09.202 with the global strength of our business lines. 00:01:09.202 -- 00:01:14.911 The market demand in Europe, Middle East and Africa has strengthened somewhat over 00:01:14.911 -- 00:01:20.176 in the Q3 compared to a weak Q3 in 2024. 00:01:20.187 -- 00:01:25.656 However, the demand in the US has been contracting further due to the tariff concerns 00:01:25.656 -- 00:01:27.996 of our customers. 00:01:28.380 -- 00:01:32.988 With that performance, we can confirm our outlook for the fisca...