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Knorr-Bremse AG Moosacher Straße 80 80809 München, Germany http://www.knorr-bremse.de
Contact Ms Claudia Züchner +49 89 35472582
Company logo of Knorr-Bremse AG
Knorr-Bremse AG

Knorr-Bremse Increases Profitability Significantly at the Beginning of the Year

(PresseBox) (Munich, )

Demand in both divisions continued to be robust in first quarter of 2024: order intake at € 2.1 billion, order book at € 6.7 billion
Revenues up 3.5% year over year at approximately € 1.97 billion
Operating EBIT rises 24% to € 238 million, operating EBIT margin from 10.0% to 12.1%
M&A initiatives under BOOST 2026 strategy program fully on track: Kiepe Electric and SafetyDirect sold, rail signaling technology business acquired from Alstom in North America
Full-year guidance 2024 confirmed


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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.