Knorr-Bremse AG : Q2 surprises favourably and gives the group leeway for its 2023 guidance
>Q2 2023: sales up 16% on an organic basis and EBIT margin up 60bp - Knorr-Bremse yesterday morning published Q2 2023 results above expectations (9.5% above at the operating EBIT level). The order intake topped expectations (€ 2,060m, i.e. 1.02x the book-to-bill), up 7.7% on an organic basis. For RVS (rail), EBIT was close to 15% above expectations, notably thanks to a positive mix (resumption of traffic in China, positive for the aftermarket). CVS (trucks) repor...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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