Report
Delphine Brault ...
  • Quentin Borie

Knorr-Bremse AG : Après un T1 un peu meilleur qu’attendu, les regards se tournent vers le CMD

>T1 2023 : CA en hausse de 11% en organique et marge d’EBIT en repli de 90 pb - Knorr-Bremse a publié hier matin ses résultats T1 2023, légèrement supérieurs aux attentes (5.8% au-dessus au niveau de l’EBIT). Les prises de commandes ont été meilleures qu’attendu (2 176 M€, soit 1.14x de book-to-bill). Le chiffre d’affaires était en hausse de 10.9% en organique à 1 908 M€ (css à 1 832 M€) et la marge d’EBIT en baisse de 90 pb à 10.0% (css 9.9%).Le FCF était le seu...
Underlying
Knorr-Bremse AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

Quentin Borie

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