Report
Delphine Brault

Knorr-Bremse AG : Le T1 2020 a montré une gestion de coûts efficace, mais deux trimestres difficiles nous attendent encore. CVS offre très peu de visibilité

>Des incertitudes mais un conf call relativement positif - Suite au T1 difficile mais où KBX s’est bien défendu, le PDG Bernd Eulitz et les directeurs des divisions RVS et CVS ont expliqué : 1/ le mois d'avril a affiché une baisse des revenus groupe d'environ 30% et mai pourrait être assez similaire. L'EBITDA et le FCF ont toutefois été positifs en avril, soulignant une gestion des coûts très efficace. 2/ Le groupe détient environ 2,5 Md€ de trésorerie brute (fin mai)...
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

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