Knorr-Bremse AG : A solid Q1 2024 anticipated, above forecasts
>Q1 2024: organic growth of 6.8% for sales and EBIT +190bp - We anticipate a robust Q1, which should enable the group to confirm its 2024 targets. At the consolidated level, the book-to-bill should be 1x, with CVS (trucks) orders down 14% on an organic basis, i.e. a book-to-bill of 0.93x, a still solid level but which should begin to deteriorate as of Q2 (fewer pre-bookings for the past two quarters). Order intake at RVS (rail) should, however, be up by 1% in org...Knorr Bremse AG is a Germany-based company that manufactures braking systems and other subsystems for rail and commercial vehicles. It operates through two segments: Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment equips mass transit vehicles, such as metro cars, and mainline freight and passenger trains with brake systems, as well as entrance systems, heating, ventilation and air conditioning (HVAC) systems, auxiliary power supply, driver assistance systems, electrical traction equipment and control technology, among others. The Commercial Vehicle Systems segment offers products for trucks, buses, trailers and agricultural machinery. Its product portfolio includes brake systems and vehicle dynamics solutions, such as driver assistance, energy supply and distribution systems, such as air compressors, and fuel efficiency products and transmission subsystems, such as vibration dampers, among others. The Company also offers aftermarket services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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