Knorr-Bremse Maintains Profitable Growth

Knorr-Bremse AG reports a successful first half of 2024, as shown by their BOOST 2026 strategy program. Key performance indicators improved, measures for revenue growth and cost optimization were effective, and portfolio optimization progressed as planned.

In the first half of 2024, order intake reached €4.2 billion, with the order book at €6.8 billion. Revenues rose by 2% year over year to approximately €4 billion. Operating EBIT also saw an 18% increase to €490 million, with the EBIT margin improving from 10.6% to 12.3%. Continuity was ensured with the renewal of Bernd Spies's contract for five years.

The company maintains an optimistic outlook for 2024, projecting revenues between €7.7 billion and €8 billion, an operating EBIT margin between 11.5% and 13%, and a free cash flow between €550 million and €650 million.