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On Thursday, Deutsche Bank (ETR:DBKGn) raised the price target for JOST Werke AG (JOST:SW) shares to €62.00, up from the previous €60.00, while reaffirming a Buy rating on the stock. Analyst Nicolai Kempf provided insights into the company’s performance and outlook following the release of its full 2024 financial results and 2025 guidance.
JOST Werke’s comprehensive 2024 figures align with preliminary data, indicating a solid performance. Looking ahead, the company’s 2025 guidance suggests substantial year-over-year growth in both revenue and earnings. This anticipated increase is attributed to the successful integration of Hyva, a move that allows JOST to further penetrate the ’off-road’ segment.
Management’s attention is geared towards capitalizing on synergies and enhancing profitability. During a conference call, it was noted that the expected synergies from the Hyva integration might surpass the initial estimate of €20 million. This potential for increased efficiency contributes to a positive outlook for JOST Werke.
Additionally, the company confirmed a favorable trend in orders within the European Union truck market, aligning with the positive patterns observed among its industry peers. This confirmation of a strong order book supports the optimistic revenue and earnings forecast for the upcoming year.
JOST Werke’s strategic initiatives, including the expansion into new segments and the pursuit of operational synergies, are key factors underpinning Deutsche Bank’s decision to raise the price target and maintain a bullish stance on the stock.
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