Report
Delphine Brault ...
  • Quentin Borie

Knorr-Bremse AG : Update stratégique : une feuille de route désormais bien définie et des objectifs 2026 crédibles

>Revue stratégique du portefeuille : 1.4 Md€ d’activités sous-performantes - Comme attendu, le management a présenté hier de nouveaux objectifs stratégiques (programme BOOST), détaillés ci-dessous. Il a confirmé les 1.4 Md€ (soit 18% du CA 2023e) d’activités sous-performantes (en termes de marge d’EBIT) qui seront soit redressées (dans les 2 à 3 ans), soit cédées. Cette phase est clé pour la performance, puisqu’une amélioration de 200 pb de la marge est attendue d’ici...
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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