Knorr-Bremse Aktiengesellschaft / DE000KBX1006

Knorr-Bremse Aktiengesellschaft: Knorr-Bremse Publishes Preliminary Financial Figures for the Second Quarter of 2024 and Raises Guidance for 2024

EQS-Ad-hoc: Knorr-Bremse Aktiengesellschaft / Key word(s): Change in Forecast/Preliminary Results


29-Jul-2024 / 16:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Publication of Inside Information Pursuant to Article 17 of Regulation (EU) No. 596/2014 Knorr-Bremse AG Moosacher Str. 80 80809 Munich, Germany ISIN: DE000KBX1006   Knorr-Bremse Publishes Preliminary Financial Figures for the Second Quarter of 2024 and Raises Guidance for 2024   Munich, July 29, 2024 Knorr-Bremse AG is expecting the following preliminary financial figures for the Group for the April through June 2024 reporting period (Q2/24): Revenues of approximately €2.01 billion (consensus: €1.99 billion) Order intake of approximately €2.13 billion (consensus: €1.97 billion) Operating EBIT of approximately €252 million (consensus: €243 million) Operating EBIT margin of approximately 12.5% (consensus: 12.2%) Net income of €144 million due to negative non-cash non-recurring effects (consensus: €156 million) and consequently earnings per share of €0.90 (consensus: €0.97) Preliminary free cash flow of approximately €158 million (Q2/23: €34 million) Some of the preliminary key financial figures for Q2/24 exceed analyst expectations as summarized in the most recent Vara Research consensus dated July 23, 2024 for Q2/2024 and confirm the overall strong business performance in the second quarter. Based on the strong business performance in the second quarter of 2024 and the developments expected for the second half of 2024, the Executive Board is raising the guidance for the operating EBIT margin for fiscal year 2024: Knorr-Bremse continues to expect revenues of between €7,700 million and €8,000 million, an operating EBIT margin of now between 11.5% and 13.0% (previously 11.5% to 12.5%) and an unchanged free cash flow of between €550 million and €650 million. This guidance does not take into account the acquisition of the rail signalling technology business of Alstom in North America, which has yet to be completed. The complete half-year and Q2 report for 2024 will be published as planned on August 8th, 2024.  

Media contact Alexander Stechert-Mayerhöfer SVP Corporate Communications Phone: [phone] e-mail: [e-mail]

Contact Investor Relations Andreas Spitzauer Head of Investor Relations Phone: [phone] e-mail: [e-mail]

  This publication contains forward-looking statements about the business, financial development, and earnings of the Knorr-Bremse Group. These statements are underpinned by assumptions and forecasts that are based on currently available information and current assessments. They are subject to a large number of uncertainties and risks. Consequently, actual business development may vary significantly from the expected development. Knorr-Bremse does not assume any obligation to update forward-looking statements beyond the requirements imposed by law.

End of Inside Information

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29-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Knorr-Bremse Aktiengesellschaft
	Moosacher Str. 80
	80809 Munich
	Germany
Phone:	[phone]
E-mail:	[e-mail]
Internet:	www.knorr-bremse.com
ISIN:	DE000KBX1006
WKN:	KBX100
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Vienna MTF)
EQS News ID:	1956365

End of Announcement	EQS News Service

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1956365  29-Jul-2024 CET/CEST