JOST Bundle
Who Owns JOST Werke SE?
JOST Werke SE's ownership journey is a fascinating narrative of growth and transformation. From its origins in 1952, the company has navigated various ownership structures, culminating in its public listing.
The company's transition to a publicly traded entity in 2017 marked a significant milestone, opening its ownership to a broader base of investors and influencing its strategic trajectory.
Understanding who holds stakes in JOST is key to grasping its operational and strategic direction.
JOST Werke SE, a global leader in safety-critical systems for commercial vehicles, reported consolidated sales of €1,069.4 million in 2024. The company's product portfolio includes essential components like fifth wheels and landing gears, critical for the efficient operation of trucks and trailers, and is analyzed through frameworks such as the JOST BCG Matrix. As of April 15, 2025, JOST employed approximately 7,500 individuals across its global operations.
Who Founded JOST?
The JOST company was established in 1952 by Hans Breuer and Joseph Steingass in Neu-Isenburg, Germany. Initially focusing on ball bearing turntables, the company expanded to produce fifth wheels by 1956, laying the foundation for its future in the commercial vehicle sector.
Founding Visionaries
Hans Breuer and Joseph Steingass founded JOST in 1952. Their initial focus was on ball bearing turntables.
Early Product Expansion
Just four years after its founding, JOST began producing fifth wheels in 1956. This marked a significant expansion of its product line.
Initial Company Name
The company's original name was JOST-Werke GmbH. This reflects its German origins and early operational structure.
Global Footprint Begins
By 1960, JOST had already established an international presence. Operations were initiated in the UK and South Africa.
Strategic Focus on Safety
The founders' emphasis was on safety-critical systems for commercial vehicles. This guided early product development and the company's long-term strategy.
Founders' Ownership Details
Specific details regarding the initial equity split between Hans Breuer and Joseph Steingass are not publicly available. However, their combined vision was instrumental.
Early Years of JOST
The early years of JOST were characterized by strategic product development and international expansion. The company's commitment to safety-critical components for commercial vehicles was evident from its inception.
- Founded in 1952 by Hans Breuer and Joseph Steingass.
- Initial product: ball bearing turntables.
- Expanded to fifth wheels in 1956.
- Established presence in the UK and South Africa by 1960.
- Original name: JOST-Werke GmbH.
- Focus on safety-critical systems for commercial vehicles.
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How Has JOST’s Ownership Changed Over Time?
JOST's ownership journey reflects a significant shift from private equity control to public market participation. The acquisition by Cinven in 2008 marked a period of private ownership, culminating in the company's successful Initial Public Offering (IPO) on July 20, 2017, which raised €231 million.
| Event | Date | Impact |
|---|---|---|
| Acquisition by Cinven | 2008 | Transition to private equity ownership |
| IPO on Frankfurt Stock Exchange | July 20, 2017 | Re-entry into public markets, raised €231 million |
| Cinven sells all shares | January 2018 | End of private equity majority control |
| Listing on SDAX | March 19, 2018 | Inclusion in a German stock index |
As of April 10, 2025, JOST Werke SE's registered share capital stands at €14,900,000, comprising an equal number of no-par bearer shares valued at €1.00 each. The company's free float was reported at 80% as of December 31, 2024, indicating a substantial portion of shares available for public trading. This public listing has facilitated a broader ownership base, influencing JOST's strategic direction towards sustained growth and enhancing shareholder value, as demonstrated by a proposed dividend of €1.50 per share for the 2024 fiscal year.
Key Shareholders of JOST Werke SE
Understanding the JOST company shareholders is crucial for grasping its corporate structure and financial ownership. The company's evolution to a publicly traded entity has attracted significant institutional investment.
- Peter Möhrle GmbH & Co. KG /Private Equity/ holds 20.13% (2,999,000 equities) as of July 18, 2025.
- Fidelity Management & Research Co. LLC owns 9.989% (1,488,390 equities).
- Allianz Global Investors GmbH possesses 9.704% (1,445,884 equities).
- Van Lanschot Kempen Investment Management NV has a stake of 5.005%.
- Protector Forsikring ASA (Investment Management) holds 3.137%.
- Allianz SE notified a total position of 9.70% of voting rights as of June 4, 2025.
These major stakeholders play a vital role in the JOST Group's financial ownership and strategic decisions, contributing to its ongoing development and its position within the Target Market of JOST.
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Who Sits on JOST’s Board?
The current Executive Board of JOST Werke SE is led by Joachim Dürr as CEO, with Oliver Gantzert serving as CFO and Dirk Hanenberg as COO. Overseeing this executive team is Stefan Sommer, the Chairman of the Supervisory Board. Shareholders demonstrated strong support at the May 8, 2025 Annual General Meeting, approving all proposed resolutions with 74% of the company's share capital represented.
| Board Member | Position |
|---|---|
| Joachim Dürr | CEO |
| Oliver Gantzert | CFO |
| Dirk Hanenberg | COO |
| Stefan Sommer | Chairman of the Supervisory Board |
JOST Werke SE's corporate structure is built upon ordinary bearer shares, with a registered share capital of €14,900,000, comprising 14,900,000 shares each valued at €1.00. This structure typically aligns with a one-share-one-vote principle, meaning each share grants a single voting right. The company's free float stood at 80% as of December 31, 2024, indicating that a significant portion of its shares are publicly traded, thereby distributing voting power across a wide shareholder base. Active shareholder participation in governance was evident at the 2025 Annual General Meeting, where shareholders approved the new Executive Board remuneration system and confirmed the Supervisory Board remuneration system, reflecting a commitment to transparent corporate governance.
Understanding JOST Company Ownership
The ownership structure of JOST Werke SE is characterized by a substantial free float, suggesting broad public participation. This distributed ownership influences how decisions are made and how the company's Growth Strategy of JOST is shaped.
- Ordinary bearer shares form the basis of JOST Werke SE's ownership.
- The company's registered share capital is €14,900,000.
- A free float of 80% as of December 31, 2024, indicates widespread public ownership.
- Shareholder approval at the 2025 AGM highlights active engagement in governance.
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What Recent Changes Have Shaped JOST’s Ownership Landscape?
Over the past few years, the company has undergone significant strategic shifts, including major acquisitions that have reshaped its market position and financial outlook. These developments are key to understanding the current JOST company ownership landscape.
| Year | Development | Impact |
|---|---|---|
| 2020 | Acquisition of Ålö Holding AB | Expanded presence in agricultural machinery sector |
| February 2025 | Acquisition of Hyva | Expected 50-60% sales boost in 2025, significant expansion into off-highway markets |
The company's strategic growth trajectory is evident in its recent acquisitions, notably the 2020 purchase of Ålö Holding AB and the significant February 2025 acquisition of Hyva. This latter deal is projected to increase consolidated sales by a substantial 50-60% in 2025, marking a pivotal moment for the company's market diversification and resilience. Despite facing challenging market conditions that led to a 14.4% sales decrease to €1,069.4 million in 2024, the company demonstrated financial strength. It reported earnings after taxes of €53 million, bolstered by positive one-off financial results, and maintained a strong free cash flow of €115 million in 2024, an increase from €112 million in 2023. The equity ratio also improved to 40.4%.
Financial Performance Highlights
In 2024, sales reached €1,069.4 million, a decrease of 14.4% from the previous year. However, earnings after taxes saw a slight increase to €53 million.
Cash Flow and Equity
The company maintained a robust free cash flow of €115 million in 2024, up from €112 million in 2023. The equity ratio improved to 40.4%.
2025 Outlook and Strategy
For 2025, a significant sales increase is anticipated, driven by the Hyva consolidation. Adjusted EBIT is expected to rise by 25% to 30%.
Strategic Priorities and Shareholder Value
Key priorities for 2025 include integrating Hyva and managing debt, with a target leverage ratio below 2.5x EBITDA. A stable dividend of €1.50 per share is proposed for the 2024 fiscal year. Understanding these strategic moves is crucial for anyone looking into the Competitors Landscape of JOST.
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