Brief: Knorr Bremse Q1 Order Intake At Eur 2.1 Bln

Knorr Bremse AG

08/05/2024 06:05

May 8 (Reuters) - KNORR BREMSE AG  KBX.DE :
    * Q1 ORDER INTAKE AT EUR 2.1 BILLION, ORDER BOOK AT EUR 6.7
BILLION
    * Q1 REVENUES UP 3.5% YEAR OVER YEAR AT APPROXIMATELY EUR
1.97
BILLION
    * Q1 OPERATING EBIT RISES 24% TO EUR 238 MILLION, OPERATING
EBIT
MARGIN FROM 10.0% TO 12.1%
    * Q1 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
    * Q1 FULL-YEAR GUIDANCE 2024 CONFIRMED
    * FREE CASH FLOW AT EUR -95 MILLION IN Q1, WAS UP MORE THAN
EUR
100 MILLION YEAR OVER YEAR (Q1 2023: EUR -199 MILLION)
    * OUTLOOK 2024 FREE CASH FLOW BETWEEN EUR 550 MILLION AND
EUR 650
MILLION

Source text for Eikon:  ID:nEQcdl0Xja 
Further company coverage:  KBX.DE 

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