Jost Werke Se (JSTWF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

A very good morning here from Neue Eisenberg and a warm welcome to our Q3 earnings conference for Joost Werke SE. So I would like to start with the highlights of the first nine months and the third quarter of this year. In the third quarter, we were able to accelerate our profitable growth despite the challenging market environment. This was supported by market share gains. We had organic growth opportunities we could implement and of course by the M&A of the Hiva Group. The Hiva Group PMI post-merger integration is fully on track. We see already a ramp up of the synergies and we advance further with new cross-selling opportunities that we have identified. We were able to obtain market share gains across all regions. and in all business lines. And that is because we could successfully combine our local for local approach in operations, selling and production with the global strength of our business lines. The market demand in Europe, Middle East and Africa has strengthened somewhat over in the Q3 compared to a weak Q3 in 2024. However, the demand in the US has been contracting further due to the tariff concerns of our customers. With that performance, we can confirm our outlook for the fiscal year of 2025. Let's go a bit deeper into the financial highlights. Our operational model and our strategy proves its resilience and the strength in this challenging market environment. Our sales in the third quarter of 2025 went up by 56% to 383 million. This was of course supported by the Hiva merger and acquisition effect, but also by an organic growth of 10% that we had across all regions. Our adjusted EBIT grew by 40% to 37 million in the third quarter, and the adjusted EBIT margin reached 9.7%. that had a negative FX impact, so a constant currency that would have been 9.9%....