The share price of Jost Werke has dropped by around 3 percent since the release of the quarterly figures at the beginning of last week. The Q3 figures were particularly impressive in terms of profits. However, the weakening economy and the resulting decline in sales have weighed heavily on the stock.

As part of the fresh figures, the manufacturer of systems for commercial vehicles has also adjusted its forecast for 2023 – and this adjustment holds good and bad news for investors. In general, however, there is still potential for catching up with the Jost Werke share price due to its weak performance – the share price has dropped by more than 20 percent this year.

Mixed quarterly figures from Jost Werke In the months of July to the end of September, the weak economy made itself felt in the internationally oriented supplier. Demand was particularly weak in the tractors/agricultural machinery sector, so Jost Werke achieved sales of 292 million euros, 11 percent less than in the same period last year.

At the same time – and this is remarkable given the decrease in turnover – EBIT rose by almost 10 percent to 33.4 million euros. The EBIT margin therefore increased by 2.1 percent to 11.4 percent.

As a result of the strong profit development, Jost Werke has also adjusted its EBIT forecast for the current year upwards and now expects growth in the high single-digit range (previously in the low single-digit range). Less encouraging: sales should remain constant compared to 2022.

Jost Werke share: There is potential Given the tense economy and the rally at the end of last year, the setbacks in the Jost Werke share are understandable on the one hand. Nevertheless, the business development is in fact much better than the chart looks: Jost Werke can also increase its profitability and achieve stable profits in challenging times.

This fact, combined with its good market position, is evidence that the Jost Werke share can be an interesting secondary value option for medium and long-term investors. The majority of analysts also see potential – for example, after the Q3 figures Deutsche Bank (65 euros) and Hauck & Aufhäuser (83 euros) confirmed their target prices.