Germany · Delayed Price · Currency is EUR Knorr-Bremse AG Earnings Call Transcripts
Fiscal Year 2026
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Strong Q1 performance with record order backlog, margin improvements in both divisions, and robust cash flow. Guidance for 2026 is confirmed, with continued focus on efficiency, disciplined investment, and growth initiatives.
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A global leader in braking and safety systems, the company is driving margin expansion and growth through its BOOST program, strategic divestments, and targeted acquisitions in signaling and digital services. Rail remains the most profitable segment, while truck margins are set to recover as the market rebounds.
Fiscal Year 2025
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Delivered strong 2025 results with record free cash flow, margin expansion, and robust order growth, driven by BOOST strategy and portfolio optimization. 2026 guidance targets further revenue and margin growth, with continued focus on rail, digital services, and disciplined M&A.
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Q3 2025 saw strong organic growth and record profitability, led by robust rail demand and effective cost control, while the truck segment managed stable margins despite North American market weakness. Strategic acquisitions and ongoing efficiency programs support a positive outlook.
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Q2 saw stable revenues and improved margins, with Rail outperforming and Trucks challenged by North America. Guidance for EBIT margin and cash flow is confirmed, with FX translation as the main headwind. Aftermarket and strategic cost measures drive resilience and profitability.
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Q1 2025 saw resilient performance with stable revenues, strong rail growth, and robust cash flow. Guidance for 2025 is confirmed, with restructuring efforts and cost focus amid ongoing market and tariff uncertainties.
Fiscal Year 2024
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2024 saw stable revenues near €8B, record free cash flow, and margin expansion, led by rail. Strategic divestments and the KB Signaling acquisition strengthened the portfolio. 2025 guidance targets further growth, margin improvement, and robust cash flow.
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Q3 2024 saw strong order intake and revenue above €1.9 billion, with RVS driving growth and CVS showing resilience despite a weak truck market. Guidance for 2024 was slightly raised, and the KB Signaling acquisition and €1.1 billion bond issuance strengthened the outlook.
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Q2 2024 saw strong rail demand and robust margins, with EBIT margin up to 12.5% and free cash flow quadrupling year-over-year. Guidance for 2024 was raised, supported by efficiency gains and a resilient aftermarket, despite expected declines in truck production.