Brief: Knorr-Bremse Raises FY 2024 Operating EBIT Margin Guidance, Reports Preliminary Q2 Figures

Knorr Bremse AG

29/07/2024 15:35

July 29 (Reuters) - KNORR BREMSE AG  KBX.DE :
    * PRELIM Q2 REVENUES OF APPROXIMATELY EUR 2.01 BILLION
(CONSENSUS:
EUR 1.99 BILLION)
    * PRELIM Q2: ORDER INTAKE OF APPROXIMATELY EUR 2.13 BILLION
(CONSENSUS: EUR 1.97 BILLION)
    * PRELIM Q2: OPERATING EBIT OF APPROX EUR 252 MILLION
(CONSENSUS:
EUR 243 MILLION)
    * KNORR BREMSE AG - PRELIM Q2: OPERATING EBIT MARGIN OF
APPROX
12.5% (CONSENSUS: 12.2%)
    * PRELIM Q2: NET INCOME EUR 144 MILLION DUE TO NEGATIVE
NON-CASH
NON-RECURRING EFFECTS (CONSENSUS: EUR 156 MILLION)
    * PRELIM Q2: EARNINGS PER SHARE OF EUR 0.90 (CONSENSUS: EUR
0.97)
    * PRELIMINARY Q2 FREE CASH FLOW OF ABOUT EUR 158 MILLION
(Q2/23:
EUR 34 MILLION)
    * FY 2024: OPERATING EBIT MARGIN NOW EXPECTED BETWEEN 11.5%
AND
13.0% (PREVIOUSLY 11.5% TO 12.5%) 
    * GUIDANCE DOES NOT TAKE INTO ACCOUNT ACQUISITION OF RAIL
SIGNALLING TECHNOLOGY BUSINESS OF ALSTOM IN NORTH AMERICA, WHICH
HAS YET TO BE COMPLETED

Source text for Eikon:  ID:nEQ4YWSSGa 
Further company coverage:  KBX.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))