Germany's Knorr-Bremse H1 revenue rises 3.1%, lifts 2026 outlook

Knorr Bremse AG

29/07/2026 16:51

Overview
Germany braking systems maker's preliminary H1 revenue rose 3.1% yr/yr
Earnings per share for H1 increased 19.4% yr/yr
Company raised 2026 guidance and announced sale of HVAC business unit

Outlook
Knorr-Bremse raises 2026 revenue guidance to €8.1 bln–€8.3 bln
Company sees 2026 operating EBIT margin at 14.0%–14.5%
Knorr-Bremse targets €10 bln revenue and 16% EBIT margin by 2030

Result Drivers
EFFICIENCY GAINS - Co said BOOST strategy and structural improvements led to higher profitability and operating EBIT margin
TRUCK DIVISION - Improved cost structures and rising demand supported earnings growth in Truck division
RAIL DIVISION - Rail division delivered strong organic growth and higher profitability

Company press release: ID:nEQ5Lq9dSa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 4.08 bln
 
H1 EPS
 
EUR 2.03
 
H1 EBIT
 
EUR 525 mln
 
H1 Free Cash Flow
 
EUR 294 mln
 
H1 Orders
 
EUR 4.43 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Knorr Bremse AG is €122.00, about 13.5% above its July 28 closing price of €107.50
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
July 28 - Austria's Palfinger H1 profit falls on softer demand
July 28 - PACCAR beats quarterly estimates on strong truck orders
July 29 - Switzerland's Garrett Motion Q2 sales, EBITDA beat estimates, raises outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)