Knorr-Bremse AG : Rollout of strategic programme paying off
>A good Q2 2024, in line with preliminary results - Yesterday morning, Knorr-Bremse published Q2 2024 results in line with the prelims published on 29 July (higher than expected order intake and margin).Orders totalled € 2.13bn at consolidated level (+5.5% organic, of which +15.6% for RVS and -4.4% for CVS), i.e. a book-to-bill ratio of 1.06x (book-to-bill >1 over 11 consecutive quarters for RVS). The group posted sales of € 2,013m, up 2.6% on an organic basis, ...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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