Brief: Jost Werke Sees 2024 Consolidated Sales To Decrease By Single-Digit Percentage Rate

Jost Werke SE

26/03/2024 07:05

March 26 (Reuters) - JOST WERKE SE  JST.DE :
    * CLOSES FISCAL YEAR 2023 SUCCESSFULLY AND PROPOSES A
DIVIDEND OF
EUR 1.50 PER SHARE
    * DIVIDEND PROPOSAL: DIVIDEND PROPOSAL INCREASED TO EUR 1.50
PER
SHARE (2022: EUR 1.40)
    * STABLE SALES IN 2023: SALES AT EUR 1,250 MILLION (2022:
EUR
1,265 MILLION)
    * FY ADJUSTED EPS INCREASED: ADJUSTED EARNINGS PER SHARE
INCREASED
BY 8% TO EUR 6.24 (2022: EUR 5.76)
    * JOST EXPECTS CONSOLIDATED SALES IN 2024 TO DECREASE BY A
SINGLE-DIGIT PERCENTAGE RATE COMPARED TO 2023 (2023: EUR
1,249.7M)
    * ADJUSTED EBIT IN 2024 IS ALSO EXPECTED TO DECLINE IN
SINGLE-DIGIT PERCENTAGE RANGE COMPARED TO PREVIOUS YEAR (2023:
EUR 140.8M)
    * ADJUSTED EBIT MARGIN FOR 2024 SHOULD DECLINE COMPARED TO
2023,
WHILE STILL REMAINING WITHIN STRATEGIC MARGIN CORRIDOR OF 10.0%
TO 11.5% (2023: 11.3%)

Source text for Eikon:  ID:nEQ72KPR7a 
Further company coverage:  JST.DE 

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