Report
Delphine Brault

Knorr-Bremse AG : Nous réduisons encore nos prévisions et restons en ‘Neutre’

>Nous réduisons nos prévisions post-T3 - KBX continue de souffrir du malaise durable du ferroviaire (reprise lente, projets retardés, activité chinoise en net recul) mais aussi des perturbations de la « supply chain » dans les poids lourds, impactant clients et fournisseurs. La nouvelle guidance 2021 cible un CA annuel de 6.6-6.8 Md€ vs 6.5-6.9 Md€ précédemment ; la marge d’EBITDA opérationnel prévu est de 17.5-18.0% (vs 17.5-19.0%) et celle d’EBIT opérationnel de 13....
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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