Report
Delphine Brault

Knorr-Bremse AG : Surprise announcement: Q2 and the year are set to be better than expected

>Q2 is likely to be much better than anticipated - Knorr Bremse had been due to report its Q2 and H1 figures on 10 September, but the good performance achieved in Q2 led it to unveil key figures yesterday. Q2 posted revenues of around € 1.4bn (consensus: € 1.235bn) and an operating EBITDA margin of around 17% (consensus: 9.4%, i.e. € 119m). We had forecast € 1.292bn and 9.0% (€ 116m) respectively. The group explained that it been able to scale back costs quickly and ...
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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