EQS-Adhoc: JOST Werke SE: JOST acquires Hyva – sale and purchase agreement to acquire Hyva signed
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EQS-Ad-hoc: JOST Werke SE / Key word(s): Mergers & Acquisitions JOST acquires Hyva – sale and purchase agreement to acquire Hyva signed
Neu-Isenburg, October 14, 2024. JOST Werke SE ("JOST"), a leading global producer and supplier of safety-critical systems for commercial vehicles, today signed a sale and purchase agreement with Unitas Capital Pte. Ltd. and NWS Holdings Limited, to purchase all shares in Hyva III B.V., including its direct and indirect subsidiaries worldwide ("Hyva"). Hyva is a leading supplier of hydraulic solutions for commercial vehicles with a worldwide market share of more than 40% for front-end tipping cylinders. Founded in 1979, Hyva is headquartered in The Netherlands and sells to customers across more than 110 countries through a well-established and recognized sales and service network. With about 3,000 employees around the world, Hyva’s manufacturing footprint encompasses 14 production facilities across China, India, Brazil, Mexico, Germany and Italy, servicing the transport, agriculture, construction, mining and environmental industries. In the last twelve months, ended June 30, 2024, Hyva generated sales of about EUR 629 million, a gross profit margin of 23.4%, an adj. EBITDA of EUR 54 million and an adj. EBIT of EUR 41 million. JOST is targeting a synergy potential of more than EUR 20 million p.a. and expects the acquisition to be accretive. Through a combination of both businesses as well as the realization of the identified synergies, Hyva’s profitability is expected to match JOST’s targeted adj. EBIT margin corridor (10.0% to 12.0%) two years after closing. The purchased price amounts to USD 398 million (corresponding to approx. EUR 362 million, translated at the rate 1.10 USD = 1.00 EUR). This represents an EV/EBITDA of 6.7x at the time of purchase and of less than 4.9x post-synergies. The pro-forma combined group sales (based on based on LTM June 30, 2024, figures) are expected to grow significantly to EUR 1.8 billion and the combined adj. EBIT is expected to increase to EUR 175 million, which will be accretive to adj. EPS already in the first year post closing. The closing of the acquisition is subject to approval by the relevant antitrust authorities. Closing is expected to take place by early 2025.
Contact: JOST Werke SE
End of Inside Information
14-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | JOST Werke SE |
| Siemensstraße 2 | |
| 63263 Neu-Isenburg | |
| Germany | |
| Phone: | +49 6102 2950 |
| Fax: | +49 (0)6102 295-298 |
| E-mail: | ir@jost-world.com |
| Internet: | www.jost-world.com |
| ISIN: | DE000JST4000 |
| WKN: | JST400 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2007345 |
| End of Announcement | EQS News Service |
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2007345 14-Oct-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 755,41 | 736,35 | 794,41 | 1.050,93 | 1.264,61 | 1.249,70 | 1.060,00 | |
| EBITDA1,2 | 97,10 | 94,87 | 83,58 | 121,16 | 146,67 | 150,78 | 136,00 | |
| EBITDA-Margin3 | 12,85 | 12,88 | 10,52 | 11,53 | 11,60 | 12,07 | 12,83 | |
| EBIT1,4 | 53,19 | 45,80 | 25,05 | 53,94 | 88,74 | 92,78 | 84,00 | |
| EBIT-Margin5 | 7,04 | 6,22 | 3,15 | 5,13 | 7,02 | 7,42 | 7,93 | |
| Net Profit (Loss)1 | 53,45 | 33,52 | 19,29 | 43,86 | 59,85 | 52,29 | 46,00 | |
| Net-Margin6 | 7,08 | 4,55 | 2,43 | 4,17 | 4,73 | 4,18 | 4,34 | |
| Cashflow1,7 | 58,15 | 77,56 | 118,96 | 53,40 | 56,02 | 143,10 | 0,00 | |
| Earnings per share8 | 3,59 | 3,41 | 3,18 | 2,94 | 4,02 | 3,51 | 3,10 | |
| Dividend per share8 | 1,10 | 0,00 | 1,00 | 1,05 | 1,40 | 1,50 | 1,50 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: PricewaterhouseCoopers
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Jost Werke | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| JST400 | DE000JST4000 | SE | 659,33 Mio € | 20.07.2017 | Halten | 9F2C2MWG+CP |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 12,46 | 12,66 | 0,98 | 29,29 | 1,83 | 4,61 | 0,53 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 1,40 | 1,50 | 1,50 | 3,39% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 08.05.2025 | 15.05.2025 | 14.08.2025 | 14.11.2024 | 26.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +3,07% | +1,06% | +0,11% | +0,11% | +63,89% |
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