Knorr-Bremse AG : After a slightly better-than-expected Q1, attention turns to the CMD
>Q1 2023: sales up 11% organic and EBIT margin down 90bp - Knorr-Bremse yesterday morning reported Q1 2023 results that were slightly higher than expected (5.8% higher at the EBIT level). The order intake was better than expected (€ 2,176m, or a book-to-bill of 1.14x). Sales grew 10.9% on an organic basis to € 1,908m (css € 1,832m) and the EBIT margin contracted by 90bp to 10.0% (css 9.9%).FCF was the only disappointing factor in the release, remaining strongly n...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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