JOST Werke SE, a leading global manufacturer of safety-critical systems for the commercial vehicle industry, announced on August 13, 2026, its financial results for the second quarter and first half of 2026. The company reported robust growth in revenue and profitability, with all regions and business lines contributing positively, and confirmed its outlook for the full fiscal year.
In the second quarter of 2026, JOST’s group revenue increased by 12.7% to EUR 440.2 million, up from EUR 390.7 million in the same period last year. Organic growth, adjusted for acquisition and currency effects, was 8.9%. This performance was driven by market share gains from new customer wins and cross-selling synergies from the integration of Hyva, particularly in the off-highway segments of Agriculture and Hydraulics. The Transport business line grew by 5.6% to EUR 218.7 million, while Agriculture revenue surged by 20.2% to EUR 89.8 million. Hydraulics revenue rose by 20.9% to EUR 131.7 million, benefiting from strong demand in mining and construction and cross-selling synergies.
Profitability also improved significantly. Adjusted EBIT grew by 18.5% to EUR 43.9 million, outpacing revenue growth, and the adjusted EBIT margin rose to 10.0% from 9.5% in the prior-year quarter. Adjusted EBITDA increased by 15.8% to EUR 56.6 million, with the margin improving to 12.9%. The margin expansion was attributed to organic growth, synergy realization from the Hyva acquisition, operational improvements, and a favorable regional mix.
Regionally, EMEA revenue grew by 9.5% to EUR 205.9 million, though adjusted EBIT margin declined to 4.3% due to a structural business model adjustment and higher input costs. In the AMERICAS, revenue rose by 17.1% to EUR 121.0 million, with adjusted EBIT margin expanding to 13.3% from 11.0%. APAC revenue increased by 14.0% to EUR 113.3 million, and the adjusted EBIT margin improved to 15.7%.
Group earnings after tax more than doubled to EUR 15.9 million, and earnings per share rose to EUR 0.95. Adjusted earnings after tax increased by 19.1% to EUR 24.6 million, with adjusted EPS up 7.1% to EUR 1.48. The company’s balance sheet strengthened, with equity rising to EUR 433.9 million and the equity ratio improving to 26.9%. Free cash flow turned positive at EUR 17.3 million in the quarter, and net debt decreased to EUR 380.2 million, bringing the leverage ratio down to 1.81x, back within the target range of 1.0x to 2.0x. ROCE improved to 16.3%, up 3.5 percentage points from the prior year.
CEO Joachim Dürr commented: “JOST once again achieved strong and broad-based growth in the second quarter of 2026. The quality of this growth matters most to me as all regions and business lines contributed organically. This performance reflects market share gains driven by new customer wins and cross-selling synergies rather than acquisition effects alone.” CFO Oliver Gantzert added: “Our disciplined capital allocation is paying off. Just one and a half years after the largest acquisition in our company’s history, we have increased ROCE by 3.5 percentage points to 16.3% and brought our leverage ratio back into the strategic target range.”
Looking ahead, JOST confirmed its outlook for fiscal year 2026. The company expects group revenue to increase in the single-digit percentage range, with adjusted EBIT growing at a faster pace and the adjusted EBIT margin improving from the prior year’s 9.5%. The forecast assumes no unexpected deterioration in key markets, and the company currently sees no significant effects from the military conflict in Iran on customer demand.
The interim report for the first half of 2026 is available at https://ir.jost-world.com/reports. The accompanying virtual earnings conference will take place on August 13, 2026, with a recording available on the JOST website at https://ir.jost-world.com.
