Knorr Bremse climbs on strong Q4 results and positive cash flow

Knorr Bremse AG

20/02/2025 08:48

** Shares in Knorr Bremse  KBX.DE  climb 5% after the
company posted Q4 order intake and margins surpassed consensus
expectations 
    ** The German brake maker's reported FY order intake at 8.19
bln euros ($8.55 billion), and operating EBIT margin at 12.3%
    ** The company's FY free cash flow at 730 mln euros is above
the given guidance back in July between 550-650 mln euros
    ** J.P. Morgan notes that the free cash flow is also
significantly higher than the consensus of 602 mln euros
    ** "The Q4 results show a resilient performance in the most
challenging quarter for the CVS segment since the COVID period
and should bode well for its credentials to become a quality
name in the sector," says JPM 
    ** It adds that Knorr Bremse's future appears positive as,
in their assessment, management do not foresee any supply chain
issues with specialist suppliers for the rail industry, which as
previously the company's concern
    ** The stock is at the top of Germany's mid-cap  .MDAXI 
index  


($1 = 0.9583 euros)

 (Reporting by Elizaveta Gladun in Gdansk)
 ((elizaveta.gladun@thomsonreuters.com))