Brief: Jost Werke Q1 Sales Up At EUR 341.6 Million

Jost Werke SE

15/05/2023 07:02

May 15 (Reuters) - JOST WERKE SE  JST.DE :
    * JOST STARTS FISCAL YEAR 2023 WITH STRONG IMPROVEMENT IN
PROFITABILITY AND FURTHER GROWTH IN SALES AND EARNINGS
    * Q1 SALES ROSE 9.6 PERCENT TO 341.6 MILLION EUR
    * Q1 ADJUSTED EARNINGS PER SHARE ROSE 9.3 PERCENT TO 1.99
EUR
    * Q1 ADJUSTED EBIT ROSE 15.5 PERCENT TO 39.7 MILLION EUR
    * POSITIVE OUTLOOK FOR 2023 CONFIRMED: SALES AND ADJUSTED
EBIT TO
INCREASE BY A LOW SINGLE-DIGIT PERCENTAGE COMPARED WITH 2022.
ADJUSTED EBIT MARGIN IS EXPECTED TO IMPROVE SLIGHTLY
    * Q1 ADJUSTED EBIT MARGIN RISES TO 11.6% (Q1 2022: 11.0%)
    * Q1 ADJUSTED EPS INCREASED BY 9.3% TO EUR 1.99 (Q1 2022:
EUR
1.82)
    * Q1 FREE CASH FLOW INCREASES SIGNIFICANTLY TO EUR +13.3
MILLION(Q1 2022: EUR -12.8 MILLION).

Source text for Eikon:  ID:nEQ3gSkKXa 
Further company coverage:  JST.DE 

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