Knorr-Bremse Divests R.H. Sheppard Co., Inc. and Adjusts Valuation

Knorr-Bremse AG has sold R.H. Sheppard Co., Inc. to Balmoral RHS Acquisition Corp, marking a significant step in its portfolio optimization. This divestment results in a one-time, non-cash impact leading to a net loss of EUR 60 million, negatively affecting earnings per share by EUR 0.37 in the fourth quarter of 2024.

The company has also adjusted the fair value of a receivable from the Kiepe Electric sale, resulting in a EUR 50 million write-off. This adjustment impacts earnings per share by EUR 0.31, yet it is non-cash and does not affect the operating result.

Despite these adjustments, Knorr-Bremse plans to propose a stable dividend for FY 2024, supported by a strong operating performance. Revenue and EBIT margin guidance remain aligned with previous reports.