JOST World has performed well in a challenging market environment, with the release of its Q2 2025 figures.
Its positive performance was highlighted by its integration of Hyva and the sale of Hyva’s Crane business, which was identified as being non-core to JOST’s growth strategy.
The Hyva Cranes business was sold to private equity investor Mutares SE & Co. KGaA, pursuant to a purchase agreement signed on 11 August 2025.
The company’s consolidated revenue, including the discontinued Hyva Cranes business, increased by 43.8 per cent year-on-year to €428.9 million in the second quarter of 2025, compared to €298.2 million for the same period last year.
Adjusted EBIT (including the Hyva Cranes business) increased by 10.1 per cent to €37.2 million (Q2 2024: €33.8 million) and the adjusted EBIT margin amounted to 8.7 per cent compared to 11.3 per cent for Q2 2024.
JOST’s consolidated sales from its operations grew by 31.0 per cent to €390.7 million in the Q2 2025 (Q2 2024: €298.2 million), which included €108.9 million acquisition effects from the consolidation of the Hyva Group.
The Hyva operations have been consolidated into JOST’s Hydraulics business line.
JOST’s positive results through increased sales in its EMEA and China markets helped to offset the declining demand in Americas, resulting in the consolidated sales in Q2 2025 only declining by 3.2 per cent year-on-year.
JOST Werke SE CEO, Joachim Dürr, said the company’s performance in the Q2 of 2025 highlighted the strength of JOST’s growth strategy.
“Our clear focus on branded products and strong customer relationships, as well as our broad, international sales network, enabled us to gain market share and grow profitably despite the challenging market environment,” he said.
“The integration of the Hyva Group was crucial to this, but also organically we were able to grow selectively in EMEA and China, thus largely cushioning the steep decline in demand in other countries.
“In a market environment characterised by increasing volatility and uncertainty, our business model has once again proven itself of being resilient and successful.
“We therefore look to the future with confidence and confirm our outlook for 2025.”
JOST’s sales in its Transport business line declined by 5 per cent to €207.1 million in Q2 2025, compared to €218 million for Q2 2024.
Despite the sales drop, JOST grew its Transport sales, compared to Q1 2025 sales, thanks to growing demand for JOST products in the EMEA region.
A slight growth in sales of agricultural components in EMEA, and JOST’s increased market share in the APAC region, for Q2 2025 helped to offset a 6.8 per cent sales decline in its Agriculture business line (€ 74.7 million, compared to €80.2 million for Q2 2024.
In the EMEA market, JOST increased sales from its continuing operations by 20.9 per cent to €188.1 million in the second quarter of 2025 compared to Q2 2024 figures of €155.5 million.
Adjusted for acquisition and currency effects, JOST was also able to increase sales organically by 3.7 per cent compared to the second quarter of the previous year, while the year-on-year increase in business volume in its Transport and Agriculture business lines had a positive impact on the region’s operational performance.
In the Americas region, JOST’s revenue from continuing operations increased by 7.5 per cent to €103.3 million in Q2 2025 (Q2 2024: €96.1 million).
Hyva contributed €3.5 million to sales and was the main driver of the achieved sales growth.
Adjusted for acquisition and currency effects, the company’s sales in the Americas declined by 11.1 per cent in Q2 of 2025.
Although there was a decline, JOST has recently celebrated its 30th anniversary in one of the biggest territories – Brazil.
Particularly in North America, JOST experienced customers’ purchasing reluctance across all business lines due to the US tariff debate, although the company was able to acquire new customers with its local-for-local business model.
In the APAC region, JOST more than doubled its revenue from continuing operations by 113.3 per cent to €99.4 million in Q2 2025 (Q2 2024: €46.6 million).
The huge increase has been due to the acquisition of Hyva, which has a strong market penetration in APAC.
Hyva generated revenue of this €59.9 million in APAC during the second quarter, while JOST’s adjusted APAC revenue declined by 10.2 per cent for Q2 2025.
A key reason for the organic decline was lower demand for transport products in India. In contrast, the development in the Agricultural business line, particularly in China, was positive.
The company’s after-tax earnings declined to €6.8 million in the second quarter of 2025 (Q2 2024: €14.4 million), and earnings per share amounted to €0.46 (Q2 2024: €0.97).
JOST Werke SE, CFO, Oliver Gantzert said the company achieved “solid” results in its Q2 2025 figures.
“In a very challenging market environment, we managed to maintain our profitability at a good level,” he said.
“The stronger focus on our core business following the divestment of Cranes will enable us to tackle the identified synergies even more effectively and accelerate the Group’s deleveraging.”
Given its business performance up to Q2 of 2025, and based on current market expectations, JOST has confirmed its outlook for 2025, with consolidated sales (including the Cranes business) expected to continue to increase by 50-60 per cent compared to 2024 (2024: €1.069 billion).
Adjusted EBIT is expected to grow by 25 –30 per cent compared to the previous year (2024: €113 million).
Consolidated sales from continuing operations are also expected to increase by 40-50 per cent for the 2025 fiscal year, compared to 2024.
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