Jost Werke Se (JSTWF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.166 -- 00:00:05.272 Good morning from our headquarters in Norisenburg and a warm welcome 00:00:05.272 -- 00:00:09.856 to our earnings conference for the financial year 2025. 00:00:10.719 -- 00:00:14.183 So let's look at the highlights of last year. 00:00:14.183 -- 00:00:19.950 We had a year of growth in Joost with the consolidation of our Hiva business. 00:00:19.950 -- 00:00:25.057 We successfully integrated that business into the group starting February 1st, and we 00:00:25.057 -- 00:00:30.000 were able to capture the first synergies already in the year 2025. 00:00:30.473 -- 00:00:35.581 Another part of that integration was that we successfully sold and carved 00:00:35.581 -- 00:00:40.428 out the non-core cranes business that we've acquired with this transaction and were able 00:00:40.428 -- 00:00:43.533 to swiftly close that also in December of 2025. 00:00:43.533 -- 00:00:45.533 We 00:00:45.796 -- 00:00:51.065 also had support for market share gains through new customer projects as we successfully 00:00:51.065 -- 00:00:56.132 combined our local for local approach in regions with our global OEM contact 00:00:56.132 -- 00:01:01.073 and our global strength. The market environment was not supportive last year. 00:01:01.073 -- 00:01:04.336 US markets were shrinking by 25% to 30%. 00:01:04.336 -- 00:01:09.681 But despite this, we were able to manage and achieve an organic growth in the 00:01:09.681 -- 00:01:15.166 Yoast organic business. So we've achieved our outlook for 2025 00:01:15.166 -- 00:01:20.311 with earnings at the upper end of the corridor supported by the fast implementation 00:01:20.311 -- 00:01:23.534 of the synergies of the Huber transaction. 00:01:23.534 -- 00:01:28.950 So let's look at the financial highlights, sales, Growth of 44% to 00:...