Knorr-Bremse Achieves Strong Rail Performance and Enhanced Profitability

Knorr-Bremse AG reported strong financial results for the first nine months of 2025. The order intake increased year-on-year to €6.4 billion, with the Rail division driving this growth. The order book remains robust at €7.4 billion. Despite significant exchange rate effects, consolidated revenues stood nearly stable at €5.8 billion.

The company's operating EBIT rose to €749 million, reflecting an EBIT margin of 12.8%. The third quarter marked the highest profitability in four years, achieving a margin of 13.3%. Free cash flow increased by nearly 30% to €319 million. Knorr-Bremse's BOOST 2026 strategy includes investments in electronics provider duagon, aiming at future growth.

The Rail Vehicle Systems division saw a significant rise in order intake by 13.5%, contributing to improved revenues and margins. Meanwhile, the Commercial Vehicle Systems division faced challenges but maintained a double-digit operating EBIT margin. EBIT and cash flow guidance for 2025 is confirmed, indicating continued stable performance expectations.