Brief: Jost Werke FY Adjusted EBIT Down At EUR 73.2 Million

Jost Werke SE

25/03/2021 07:05

March 25 (Reuters) - JOST WERKE AG  JSTG.DE :
    * EXPECTS SIGNIFICANT PROFITABLE GROWTH IN 2021 FISCAL YEAR
    * FY ADJUSTED EBIT 73.2 MILLION EUR VERSUS 76.8 MILLION EUR
YEAR
AGO
    * FY EPS 1.29 EUR VERSUS 2.25 EUR YEAR AGO
    * DIVIDEND 1.00 EURPER SHARE
    * FY SALES 794.4 MILLION EUR
    * DIVIDEND PAYOUT RATIO RAISED TO 77.2% ON A ONE-OFF BASIS:
EXECUTIVE BOARD PROPOSES A DIVIDEND OF EUR 1.00 PER SHARE (2019:
0).
    * SIGNIFICANT PROFITABLE GROWTH PLANNED FOR 2021: SALES AND
ADJUSTED EBIT EXPECTED TO RISE BY LOW DOUBLE-DIGIT PERCENTAGE
COMPARED TO 2020 AND ADJUSTED EBIT MARGIN IS EXPECTED TO
INCREASE.
    * FOR CURRENT FISCAL YEAR, GROUP EXPECTS CONSOLIDATED SALES
TO
GROW IN LOW DOUBLE-DIGIT PERCENTAGE RANGE YEAR-OVER-YEAR (2020:
EUR 794.4 MILLION)
    * 2021 ADJUSTED EBIT IS PREDICTED TO GROW STRONGER THAN
SALES BY A
LOW DOUBLE-DIGIT PERCENTAGE (2020: EUR 73.2 MILLION)
    * ANTICIPATES AN IMPROVEMENT IN ADJUSTED EBIT MARGIN IN 2021
COMPARED TO 2020 (2020: 9.2%)

Source text for Eikon:  ID:nEQ6Rz4Dta 
Further company coverage:  JSTG.DE 

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