Brief: Jost Werke Q3 Adjusted EBIT Decreased to EUR 26.5 Mln

Jost Werke SE

11/10/2024 12:18

Oct 11 (Reuters) - JOST WERKE SE  JST.DE :
    * JOST WERKE SE: JOST PUBLISHES PRELIMINARY INTERIM RESULTS
FOR
THE THIRD QUARTER OF 2024 AND ADJUSTS OUTLOOK FOR FISCAL YEAR
2024
    * GROUP SALES DECLINED BY 15.7% TO EUR 246.3 MILLION IN Q3
OF 2024
ACCORDING TO PRELIMINARY FIGURES (Q3 2023: EUR 292.0 MILLION)
    * ADJUSTED EBIT DECREASED TO EUR 26.5 MILLION IN Q3 OF 2024
(Q3
2023: EUR 33.4 MILLION)
    * ADJUSTED EBIT MARGIN REACHING 10.8% DURING Q3 OF 2024
DESPITE
DECLINE IN SALES (Q3 2023: 11.4%)
    * EXPECTS 2024 ADJUSTED EBIT TO DECLINE IN LOW DOUBLE-DIGIT
PERCENTAGE RANGE
    * IN FIRST NINE MONTHS OF 2024, GROUP SALES DECREASED BY
12.6% TO
EUR 843.0 MILLION (9M 2023: EUR 964.0 MILLION)
    * NARROWS 2024 ADJUSTED EBIT MARGIN OUTLOOK TO 10.5%-11.0%
    * ADJUSTED EBIT DECLINED BY 14.0% TO EUR 94.9 MILLION IN
SAME
PERIOD (9M 2023: EUR 110.4 MILLION)
    * ADJUSTED EBIT MARGIN HIGH AT 11.3% DURING FIRST NINE
MONTHS OF
2024 (9M 2023: 11.5%)

Source text for Eikon:  ID:nEQ4Wh3LDa 
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