Knorr-Bremse AG : Forecasts revised down. Q1 results expected on 28 May
>Both activities likely to be under pressure in Q1 - The current crisis is affecting both the rail vehicle systems (RVS) business and trucks (commercial vehicle systems, CVS), which already faced the start of a cyclical slowdown at the end of 2019. The truck slowdown has worsened dramatically, with numerous clients shuttering factories, aggravated by supply chain logistics concerns (e.g. manufacturing of trucks in Mexico for the US). The rail business has been adverse...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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