Neu-Isenburg (dpa-AFX)-The commercial vehicle supplier JOST Werke continues to fight with a difficult industry environment. Although the reported group sales rose in the first quarter of the year by around a quarter to 373.7 million euros, as the company announced on Thursday in Neu-Isenburg. But that was mainly due to the takeover of the hydraulic specialist Hyva. Adjusted for takeover and exchange rate effects, sales decreased by 9 percent. The market environment in transport and agriculture is still challenging, especially in North America. The stock increased with the confirmed company forecast.
In the morning, the paper in the top group of the small value index SDAX attracted around 2.4 percent to 55.90 euros. In the previous course of the year, the course has grown well a fifth, despite the interim slip as a result of the general market weakness around US customs policy.
The result adjusted by special items before interest and taxes (EBIT) rose by 3.2 percent to 35.7 million euros. The corresponding margin gave up two percentage points to 9.6 percent. Analysts had feared an even more hearty decline due to the hyva takeover. The bottom line was made primarily due to special costs for the purchase from 20 to 13.1 million euros.
With the customs capers of US President Donald Trump, especially with freight forwarders in the United States, a retention of buying has spread because they cannot reliably estimate how the transport markets in the world’s largest economy will develop in the future. The orders for new vehicles in North America broke up by almost 30 percent at the heavy-duty world market leader Daimler Truck.
At Jost, sales in the first three months in the America region had dropped by almost 16 percent on its own. The spare parts business went well, it said.
Among other things, Jost produces axes, steering systems, couplings and supports for truck supporters and trailers as well as front loaders for tractors in agriculture. This year, the company plans to increase sales by 50 to 60 percent compared to the previous year’s value of 1.07 billion euros. The operational result (adjusted EBIT) is likely to grow by 25 to 30 percent in the previous year.
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