Knorr-Bremse Aktiengesellschaft revised earnings guidance for the year 2022. Knorr-Bremse can fully compensate for inflation-related increases in costs through its own measures. However, the withdrawal from business in Russia as well as the significantly dampened market conditions in China are putting pressure on results.

Viewing the year as a whole, Knorr-Bremse is expecting a lower operating EBIT margin due to these effects, with China bringing it down by roughly 1.2 percentage points and the withdrawal from business in Russia by roughly 0.7 percentage points. Knorr-Bremse now expects revenue between €6,900 million and €7,200 million (previously €6,800 million and €7,200 million), an operating EBIT margin between 10.5% and 12.0% (previously 12.5% and 14.0%).