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16 iulie, 2020

Knorr-Bremse: Financial performance in Q2 2020 significantly exceeds expectations

  • First indications for the second quarter of 2020: preliminary revenues of around EUR 1.4 billion and a very healthy operating EBITDA margin of approx. 17%
  • Outlook for 2020: Revenues expected to reach EUR 5.8 to 6.2 billion, with an operating EBITDA margin of 16.0 to 17.5%

Knorr-Bremse AG has considerably surpassed expectations in compensating for the anticipated downturn in business caused by the Covid-19 pandemic during the second quarter of 2020. Based on first indications, the company is anticipating revenues of approximately EUR 1.4 billion (previous year: EUR 1.8 billion) and an operating EBITDA margin of approximately 17% (previous year: 19.1%) for the reporting period April to June 2020.

30 iunie, 2020

Annual General Meeting of Knorr-Bremse AG: Dividend payment of EUR 1.80 approved

  • Payout ratio of approximately 46 percent of net income
  • Heinz Hermann Thiele, Dr. Thomas Enders, and Dr. Theodor Weimer elected to the Supervisory Board

28 iunie, 2020

Knorr-Bremse kicks off 2020 successfully in a challenging environment

  • Business performance in the first quarter of 2020 impacted by Covid-19, first in Asia, then in Europe and North America
  • Buoyant aftermarket business underlines resilience of business model
  • Solid development: revenues down just -7.3% to EUR 1,627.5 million
  • Robust profitability levels thanks to early action: EBITDA margin of 17.8% compared with 19.0% (Q1 2019), more stable than competition
  • Order book in RVS division up +6.6% despite Covid-19 impact
  • CVS division outperforms the market in all regions
  • Cash funds of EUR 2.0 billion ensure flexibility for operations

Knorr-Bremse AG, the global market leader for braking systems and other rail and commercial vehicle systems, today published its first quarter results of 2020.

25 iunie, 2020

High-speed mobility: Knorr-Bremse supports RZD to develop next-generation very high-speed trains for Russia

  • Knorr-Bremse, Russian Railways RZD and the Russian Engineering Center ECRT have formed a strategic partnership for construction of a new very high-speed train generation
  • In the initial phase, Knorr-Bremse will bring in its conceptual know-how and systems expertise to help determine the trains’ technical specifications
  • The first trains with speeds greater than 300km/h are slated to enter service in 2026

Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, is to join with Russian national rail operator RZD and the Russian Engineering Center for Railway Transport (ECRT) to develop the next generation of very high-speed trains for Russia. The trains will link the country’s largest cities at speeds greater than 300 km/h. In the first project phase, Knorr-Bremse will be contributing its holistic systems expertise to help assess the design requirements.

18 iunie, 2020

Safe and comfortable mobility: How Knorr-Bremse is helping operators to revive rail transport amidst Covid-19

  • Knorr-Bremse is actively supporting rail operators worldwide in providing safe and comfortable rail transportation during the Covid-19 pandemic
  • Knorr-Bremse’s heating, ventilation and air conditioning systems (HVAC), including solutions for air distribution, active and passive filtering and purification, are contributing to cleaner in-train air
  • Knorr-Bremse is making a key contribution to rebuild trust in public transport and help normalize its widespread use

As half-empty trains have unfortunately become a common scene in countries around the world during the Covid-19 pandemic, Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, is actively supporting railway operators worldwide to bolster health and comfort in rail transport.

09 iunie, 2020

Knorr-Bremse to supply trailer and bus manufacturer NEFAZ with over 4,500 trailer EBS systems

  • Knorr-Bremse and NEFAZ extend cooperation to full range of NEFAZ vehicles
  • Supply agreement includes delivery of over 4,500 of Knorr-Bremse’s state-of-the-art trailer electronic braking systems (TEBS) over the next three years
  • Order volume worth low single-digit millions of euros

Knorr-Bremse, the world’s leading manufacturer of braking and other systems for rail and commercial vehicles, has been awarded a supply contract by trailer and bus manufacturer NEFAZ, a subsidiary of the KAMAZ Group. The scope of supply includes more than 4,500 trailer EBS systems, NEFAZ’s full requirement for the next three years, underpinning Knorr-Bremse’s market position in the trailer segment in Russia.

03 iunie, 2020

Quieter brakes for freight trains: Knorr-Bremse expands portfolio

  • Knorr-Bremse extends systems expertise in the field of brake equipment
  • For the first time the company is offering volume-produced low-noise brake blocks for new freight cars, securing itself strategic access to the OEM market for quieter brake blocks
  • Product certified by the International Union of Railways (UIC)
  • First order worth a six-figure euro sum, with delivery to a major rail operator in a German-speaking country commenced in May 2020

Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has taken a decisive step in the strategic reinforcement of its brake equipment business: At its Pamplona plant in Spain, the company has begun volume-production of its Problock J816M brake blocks for freight cars.

This addition to the portfolio marks a milestone: With these “whisper brakes” Knorr-Bremse will now provide low-noise brake blocks to the OEM freight car market as well. The company had already reinforced its aftermarket business by developing a low-noise, low-friction brake block for fleet modernization measures.

02 iunie, 2020

Knorr-Bremse completes acquisition of R.H. Sheppard Co., Inc.: The acquisition is a major step towards becoming a leading global manufacturer of steering systems for commercial vehicles

  • Knorr-Bremse is taking the next step in becoming a global supplier of commercial vehicle steering systems by acquiring R.H. Sheppard Co., Inc., a leading commercial vehicle steering supplier in the North American market
  • Knorr-Bremse is further strengthening its position as a global system supplier of integrated steering and braking systems as a basis for driver assistance (DAS) and highly automated driving (HAD) systems
  • The transaction – valued at USD $149.5 million – was closed on June 1, 2020
  • The acquisition of R.H. Sheppard Co., Inc. was transacted by Bendix Commercial Vehicle Systems LLC, Elyria, Ohio, USA, a North America-based subsidiary of Knorr-Bremse and part of the Commercial Vehicle Systems division
  • Full integration of Sheppard into Bendix and the global Steering business unit of Knorr-Bremse is expected to take 18 to 24 months

Knorr-Bremse, the world’s leading system supplier of braking systems and other technologies for rail and commercial vehicles, today announced that the company closed the acquisition of R.H. Sheppard Co., Inc., Hanover, Pennsylvania, USA (“Sheppard”) on June 1, 2020.

The contract was signed on January 30, 2020. The purchase price amounts to USD $149.5 million. Sheppard is an industry-leading manufacturer of steering systems for commercial vehicles in the North American market.

The acquisition of Sheppard marks another important step in Knorr-Bremse’s strategic drive to become a leading global supplier of commercial vehicle steering systems following its earlier acquisition of the Hitachi steering business in 2019.

07 mai, 2020

Heinz Hermann Thiele, Thomas Enders and Theodor Weimer proposed as new members of the Supervisory Board of Knorr-Bremse AG

At today’s meeting, the Supervisory Board of Knorr-Bremse AG discussed and decided upon candidates for three vacant seats for shareholder representatives on the Supervisory Board. The Supervisory Board proposes Heinz Hermann Thiele, Dr. Thomas Enders and Dr. Theodor Weimer for election by this year’s General Meeting.

05 mai, 2020

Innovation leadership through raw material research: Knorr-Bremse and John von Neumann University complete joint R&D project

  • Special research into alternative raw materials and technologies: project included the development of prototypes of a modular electronic air treatment unit for commercial vehicles and a new trailer brake control valve
  • Research findings will feed into Knorr-Bremse’s R&D activities
  • EU granted EUR 1.1 million for the research project in 2017

A consortium formed by Knorr-Bremse, the global market leader for braking and other rail and commercial vehicle systems, and John von Neumann University in Kecskemét, Hungary, has successfully completed a joint 27-month research project. The focus of the project was on alternative raw materials – particularly polymer and rubber materials – and technologies for use in the commercial vehicle industry. The research findings will feed into Knorr-Bremse's research and development strategy and activities in the long term.

Alexandra Bufe

Tel: +49 89 3547 1402
e-Mail: alexandra.bufe@knorr-bremse.com

Knorr-Bremse AG
Moosacher Strasse 80
80809 Munich
Germany

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