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Knorr-Bremse AG Moosacher Straße 80 80809 München, Germany http://www.knorr-bremse.de
Contact Mr Andreas Spitzauer 9 3547 182310 / +49 175 5281320
Company logo of Knorr-Bremse AG
Knorr-Bremse AG

Knorr-Bremse Sees Strong Growth in Revenues and Profit in H1 2023

(PresseBox) (Munich, )

Revenues up by a significant 15.0% at € 3.9 billion in H1 2023
Demand remains robust in both divisions, with order intake up 4.9% at € 4.2 billion
Order book reaches new record at € 7.1 billion (+6.4%)
Profitability starting to develop positively, with operating EBIT rising by 13.8% to € 415 million and operating EBIT margin stable at approx. 10.6% (Q1/2023: 10.0%, Q2/2023: 11.1%)
Portfolio review: Sheppard foundry sold, sale of Kiepe signed off
Sustainability: 2030 climate targets validated by Science Based Targets initiative
Guidance for 2023 confirmed and revenue target increased to € 7.5 billion to € 7.8 billion (previously: € 7.3 billion to e 1.9 gqwkpml)
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.