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MarketScreener Homepage  >  Equities  >  Xetra  >  Knorr-Bremse AG    KBX   DE000KBX1006

KNORR-BREMSE AG

(KBX)
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Knorr-Bremse's China JV Begins Work on New Plant

10/28/2020 | 05:10am EST

By Joshua Kirby

Knorr-Bremse AG's joint venture in China has started work on a new production plant to replace three existing factories, with operations expected to start in August, the company said Wednesday.

The German manufacturer of braking systems said Knorr-Bremse DETC Commercial Vehicle Braking Technology Co., a joint venture with Dongfeng Motor Group Co., is building the plant to expand manufacturing capacity and reduce production costs at the 50,000 square-meter site at Dongfeng Industrial Park.

Products manufactured at the site include brake control, air supply and steering systems, it said.

The company said the new integrated plant would boost cooperation with Dongfeng Commercial Vehicle, a joint venture between Dongfeng and Sweden's Volvo AB.

Write to Joshua Kirby at joshua.kirby@dowjones.com

(END) Dow Jones Newswires

10-28-20 0609ET

Stocks mentioned in the article
ChangeLast1st jan.
AB VOLVO 1.93% 203.2 Delayed Quote.29.57%
DONGFENG MOTOR GROUP COMPANY LIMITED -1.87% 8.41 End-of-day quote.14.73%
KNORR-BREMSE AG 1.46% 110.54 Delayed Quote.18.92%
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Financials
Sales 2020 6 117 M 7 278 M 7 278 M
Net income 2020 475 M 565 M 565 M
Net Debt 2020 352 M 419 M 419 M
P/E ratio 2020 36,6x
Yield 2020 1,40%
Capitalization 17 397 M 20 671 M 20 700 M
EV / Sales 2020 2,90x
EV / Sales 2021 2,57x
Nbr of Employees 29 263
Free-Float 41,0%
Chart KNORR-BREMSE AG
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Technical analysis trends KNORR-BREMSE AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 102,87 €
Last Close Price 107,92 €
Spread / Highest target 15,8%
Spread / Average Target -4,68%
Spread / Lowest Target -43,5%
EPS Revisions
Managers
NameTitle
Klaus J. Mangold Chairman-Supervisory Board
Frank Markus Weber Chief Financial Officer
Heinz Hermann Thiele Member-Supervisory Board
Werner Ratzisberge Member-Supervisory Board
Michael Jell Member-Supervisory Board
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