KNORR-BREMSE AG
Revenues 3,418.9 3,055.8 +11.9% 1,727.4 1,428.3 +20.9%
EBITDA 632.2 535.5 +18.1% 311.9 245.3 +27.2%
EBITDA margin 18.5% 17.5% +100bp 18.1% 17.2% +90bp
EBIT 495.5 397.5 +24.6% 243.8 173.5 +40.5%
EBIT margin 14.5% 13.0% +150bp 14.1% 12.1% +200bp
Free cash flow 108.2 (13.3) +914.4% 131.1 47.5 +175.9%
Capital expenditure (before IFRS 16 and acquisitions) 129.6 147.9 (12.4%) 67.6 66.9 +1.0%
R&D costs as % of revenues 6.2% 6.4% (20bp) 6.3% 6.6% (30bp)
Earnings per share (in EUR) 2.07 1.47 +40.8% 1.02 0.64 +59.4% Key figures for the Knorr-Bremse Group's divisions:
Half year Second quarter
2021 2020 ? 2021 2020 ?
? million ? million ? million ? million
RVS division
Revenues 1,654.6 1,740.8 (4.9%) 849.1 848.6 +0.1%
EBITDA 360.6 390.2 (7.6%) 185.5 204.0 (9.1%)
EBITDA margin 21.8% 22.4% (60bp) 21.8% 24.0% (220bp)
EBIT 300.9 325.6 (7.6%) 155.9 169.1 (7.8%)
EBIT margin 18.2% 18.7% (50bp) 18.4% 19.9% (150bp)
CVS division
Revenues 1,764.9 1,314.7 +34.2% 878.6 578.9 +51.8%
EBITDA 280.4 158.2 +77.2% 131.6 50.7 +159.9%
EBITDA margin 15.9% 12.0% +390bp 15.0% 8.7% +630bp
EBIT 213.9 94.2 +127.1% 98.0 17.4 +463.5%
EBIT margin 12.1% 7.2% +490bp 11.2% 3.0% +820bp About Knorr-Bremse Knorr-Bremse (ISIN: DE000KBX1006, ticker symbol: KBX) is the global market leader for braking systems and a leading supplier of other safety-critical rail and commercial vehicle systems. Knorr-Bremse's products make a decisive contribution to greater safety and energy efficiency on rail tracks and roads around the world. Some 29,500 expert, dedicated employees at over 100 sites in more than 30 countries deliver products and services to satisfied customers worldwide. In 2020, Knorr-Bremse's two divisions together generated revenues of EUR 6.2 billion. For 115 years, the Company has been at the cutting edge of its industries, driving innovation in mobility and transportation technologies with a leading edge in connected system solutions. Knorr-Bremse is one of Germany's most successful industrial companies and profits from the key global megatrends: urbanization, sustainability, digitalization, and mobility.
Contact Media Relations: Alexandra Bufe, phone +49 89 35471402, alexandra.bufe@knorr-bremse.com
Contact Investor Relations: Andreas Spitzauer, phone +49 89 3547-182310, andreas.spitzauer@knorr-bremse.com DISCLAIMER This publication has been independently prepared by Knorr-Bremse AG. It may contain forward-looking statements which address key issues such as strategy, future financial results, events, competitive positions and product developments. These forward-looking statements - like any business activity in a global environment - are always associated with uncertainty. They are subject to a number of risks, uncertainties and other factors, including, but not limited to, those described in Knorr-Bremse's disclosures. Should one or more of these risks, uncertainties or other factors materialize, or should underlying expectations not occur or should assumptions prove incorrect, the actual results, performances or achievements of Knorr-Bremse may vary materially from those described in the relevant forward-looking statements. Such forward-looking statements may be identified by words such as "expect," "want," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. Knorr-Bremse does not intend, nor does it assume any obligation, to update or revise its forward-looking statements regularly in light of developments which differ from those anticipated.
This publication may include supplemental financial measures - not clearly defined in the applicable financial reporting framework - that are or may be alternative performance measures (non-GAAP measures). Knorr-Bremse's financial position, financial performance and cash flows should not be assessed solely on the basis of these alternative supplemental financial measures. Under no circumstances do they replace the performance indicators presented in the consolidated financial statements and calculated in accordance with the applicable financial reporting framework. The calculation by other companies that report or describe similarly titled alternative performance measures may vary despite the use of the same or similar terminology. -----------------------------------------------------------------------------------------------------------------------
2021-08-13 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------
Language: English
Company: Knorr-Bremse Aktiengesellschaft
Moosacher Str. 80
80809 Munich
Germany
Phone: +49 89 3547 0
E-mail: info@knorr-bremse.com
Internet: www.knorr-bremse.com
ISIN: DE000KBX1006
WKN: KBX100
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Third Market (MTF))
EQS News ID: 1226263
End of News DGAP News Service
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(END) Dow Jones Newswires
August 13, 2021 01:00 ET (05:00 GMT)
