05.12.2022 JOST Werke AG  DE000JST4000

EQS-News: JOST Werke AG: ​​​​​​​JOST successfully places EUR 130 million ESG-linked promissory note loan


 

EQS-News: JOST Werke AG / Key word(s): Financing
JOST Werke AG: ​​​​​​​JOST successfully places EUR 130 million ESG-linked promissory note loan

05.12.2022 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


JOST successfully places EUR 130 million ESG-linked promissory note loan

  • ESG link shows JOST’s commitment to sustainability
  • High oversubscription and broad investor base
  • Pricing at the lower end of the marketing range
  • No financial covenants

 

Neu-Isenburg, December 5, 2022. JOST Werke AG (“JOST”), a leading global producer and supplier of safety-critical systems for the commercial vehicle industry, has successfully completed the placement of its first ESG-linked promissory note loan.

In a challenging capital market environment, JOST was able to secure advantageous pricing conditions at the lower end of the marketing range. A total of 23 institutional investors participated in the promissory note loan. Given the high oversubscription of the order book, the placement volume was increased from the originally planned EUR 100 million to EUR 130 million.

"The successful placement of the promissory note loan and the high level of interest is proof of the confidence of debt investors in our long-term corporate strategy and business model," said Joachim Dürr, CEO of JOST Werke AG.

As a result of the high demand, JOST had to scale down the allotment of the order book and was able to optimize volumes, maturities and costs, thereby extending its debt maturity profile. The new promissory note loan with maturities of three, five and seven years secures the company an attractive long-term mix of fixed and floating interest rates without financial covenants. The interest rate is additionally linked to the achievement of ESG targets for CO2 reduction and for increasing the proportion of women in management positions.

Dr. Christian Terlinde, CFO of JOST Werke AG, commented: "The new financing increases our scope of action for further growth. Additionally, linking the promissory note loan to ESG targets highlights JOST's commitment to sustainability also in its group financing."

The proceeds of the issue will be used to refinance existing loans maturing in 2023 and to repay drawn down credit lines.

Joint lead arrangers of the promissory note loan were the Bayerische Landesbank and the Landesbank Hessen-Thüringen (Helaba). The law firm Hengeler Mueller supported and advised JOST in the transaction.

 

Contact:

JOST Werke AG
Romy Acosta
Head of Investor Relations
T: +49 6102 295-379
[email protected]

 

About JOST:

JOST is a leading global manufacturer and supplier of safety-relevant systems for the commercial vehicle industry with its core brands JOST, ROCKINGER, TRIDEC and Quicke. JOST’s global leadership position is driven by the strength of its brands, its long-standing client relationships serviced through its global distribution network, and its efficient and asset-light business model. With sales and production facilities in 25 countries across five continents, JOST has direct access to all major truck, trailer and agricultural tractor manufacturers as well as relevant end customers in the commercial vehicle industry. JOST currently employs more than 3,600 staff across the world and is listed on the Frankfurt Stock Exchange. For more information about JOST, please visit http://www.jost-world.com

 



05.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: JOST Werke AG
Siemensstraße 2
63263 Neu-Isenburg
Germany
Phone: +49 6102 2950
Fax: +49 (0)6102 295-298
E-mail: [email protected]
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: 1504773

 
End of News EQS News Service

1504773  05.12.2022 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 633,90 701,31 755,41 736,35 794,41 1.050,93 1.095,00
EBITDA1,2 74,40 90,59 97,10 100,79 102,68 121,16 137,00
EBITDA-Marge3 11,74 12,92 12,85 13,69 12,93 11,53 12,51
EBIT1,4 33,13 46,72 53,19 76,84 73,23 104,80 93,00
EBIT-Marge5 5,23 6,66 7,04 10,44 9,22 9,97 8,49
Jahresüberschuss1 -15,17 -62,85 53,45 33,52 19,29 43,86 46,00
Netto-Marge6 -2,39 -8,96 7,08 4,55 2,43 4,17 4,20
Cashflow1,7 56,61 63,89 58,15 77,56 118,96 53,40 0,00
Ergebnis je Aktie8 -1,00 -4,22 3,59 3,41 3,18 2,94 4,20
Dividende8 0,00 0,50 1,10 0,00 1,00 1,05 1,15
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Jost Werke
WKN Kurs in € Einschätzung Börsenwert in Mio. €
JST400 51,900 Halten 773,31
KGV 2024e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,81 12,48 1,03 44,21
KBV KCV KUV EV/EBITDA
2,29 14,48 0,74 8,54
Dividende '22 in € Dividende '23e in € Div.-Rendite '22e
in %
Hauptversammlung
1,15 1,15 2,22 11.05.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2023 14.08.2023 14.11.2022 28.03.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,63% 20,14% -1,33% 17,42%
    
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Automobilzulieferer , JST400 , JST , XETR:JST