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    KBX   DE000KBX1006


Real-time Estimate Quote. Real-time Estimate Tradegate - 06/21 03:59:57 pm
109.575 EUR   +2.60%
07:37aKNORR-BREMSEá : Deutsche Bank reiterates its Neutral rating
06/16KNORR-BREMSEá : Warburg Research reiterates its Buy rating
06/10KNORR-BREMSEá : Morgan Stanley reaffirms its Buy rating
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PRESS RELEASE : Knorr-Bremse Aktiengesellschaft: The Supervisory Board of Knorr-Bremse AG focuses on continuity and change

03/31/2021 | 03:01am EDT
DGAP-News: Knorr-Bremse Aktiengesellschaft / Key word(s): Miscellaneous 
Knorr-Bremse Aktiengesellschaft: The Supervisory Board of Knorr-Bremse AG focuses on continuity and change 
2021-03-31 / 09:00 
The issuer is solely responsible for the content of this announcement. 
The Supervisory Board of Knorr-Bremse AG focuses on continuity and change 
- The existing members Prof. Dr. Klaus Mangold, Mrs. Kathrin Dahnke, Dr. Thomas Enders, Mrs. Thiele-Schürhoff, and Dr. 
Theodor Weimer are to be proposed for election to the Supervisory Board once again 
- Dr. Stefan Sommer is to be elected as a new member of the Supervisory Board at the Annual General Meeting in 2020 
- Dr. Claudia Mayfeld was appointed as a member of the Executive Board in the newly formed department Integrity and 
Legal Affairs 
- Dividend proposal for fiscal 2020 of 1.52 euros resolved 
- Global employee share program resolved 
Munich, March 31, 2021 - At its meeting on March 30, 2021, the Supervisory Board of Knorr-Bremse AG made key personnel 
decisions to strengthen the continuity and stability of the Company. In addition, the Supervisory Board set an 
important course for the future of Knorr-Bremse with the appointment of new Executive Board member Dr. Claudia Mayfeld 
from May 2021 and a global employee share program. 
The Supervisory Board of Knorr-Bremse AG proposes to the Annual Shareholders' Meeting in May 2021 that Prof. Dr. Klaus 
Mangold be re-elected to the Supervisory Board of Knorr-Bremse AG for a further two-year term. This proposal is 
intended in particular to ensure continuity following the unexpected death of Mr. Heinz Hermann Thiele. Mr. Mangold's 
in-depth knowledge of Knorr-Bremse AG is to be retained by the Company at this particular time. 
Furthermore, the Supervisory Board elected Dr. Theodor Weimer as a member of the Presiding Committee with immediate 
effect and as a further Deputy Chairman of the Supervisory Board. 
Dr. Stefan Sommer (58), previously for many years Chairman of the Board of Management of ZF Friedrichshafen AG and 
member of the Board of Management of Volkswagen AG, will be proposed to the Annual General Meeting for election to the 
Supervisory Board. Dr. Sommer will complement the Supervisory Board with his broad industrial experience and special 
knowledge of the commercial vehicles sector. 
The initially planned election of Dr. Nicolas Peter to the Supervisory Board will be postponed. 
The Supervisory Board also decided to re-elect Mrs. Kathrin Dahnke, Dr. Thomas Enders, Mrs. Thiele-Schürhoff and Dr. 
Theodor Weimer to the Supervisory Board. With the re-election of Mrs. Thiele-Schürfhoff, the Thiele family, which holds 
around 59% of Knorr-Bremse shares, remains represented on the Supervisory Board and thus contributes its family 
interests. The re-election of Mrs. Thiele-Schürhoff also reflects the successful link between family corporate 
structures on the one hand and the principles of a listed company on the other. 
The Supervisory Board also made an important personnel decision to complement the Executive Board of Knorr-Bremse AG: 
Mrs. Dr. Claudia Mayfeld (57) will be appointed to the Executive Board on May 1, 2021 for an initial period of three 
years and will head the newly created department Integrity and Legal. "In Dr. Mayfeld, we have found a highly qualified 
member of our Executive Board with broad professional experience," said Prof. Dr. Klaus Mangold. Dr. Mayfeld was most 
recently General Counsel and Head of Legal & Compliance at innogy SE and previously held the same position at RWE AG. 
The Executive Board under the chairmanship of Dr. Jan Mrosik and the current members of the Executive Board, Dr. Peter 
Laier, Frank Markus Weber and Dr. Jürgen Wilder, is thus excellently staffed for the coming years. 
Furthermore, the Executive Board and Supervisory Board have decided to propose to the Annual General Meeting a dividend 
of 1.52 euros per share for the 2020 financial year. With a constant payout ratio of just under 46%, this will reduce 
the total dividend payout by around 45 million euros (-15%). This ratio is within the target range of Knorr-Bremse AG's 
dividend policy (payout ratio of between 40% and 50% of Group net income). 
The Supervisory Board and Executive Board have also decided to give employees a share in the company's success through 
a global stock program. The program bears the name of Heinz Hermann Thiele and is to be seen above all as a special 
recognition of the employees' decades of commitment to the company and its economic success. 
The annual report for fiscal 2020 with the accompanying overviews of key figures, the sustainability report and the 
accompanying magazine "Driving Innovation" will be available for download from the website at www.knorr-bremse.com from 
this evening. 
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. About 29,700 employees 
at over 100 sites in more than 30 countries use their competence and motivation to satisfy customers worldwide with 
products and services. In 2020, Knorr-Bremse's two divisions together generated revenues of EUR 6.2 billion. For 115 
years the company has been the industry innovator, driving innovation in mobility and transportation technologies with 
an 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. 
Media Relations: Alexandra Bufe 
Tel: +49 89 3547 1402 / +49 170 7043786, E-Mail: alexandra.bufe@knorr-bremse.com 
Investor Relations: Andreas Spitzauer 
Tel: +49 89 3547 182310 / +49 175 5281320, E-Mail: andreas.spitzauer@knorr-bremse.com 
2021-03-31 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 
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:  1179982 
End of News   DGAP News Service 

1179982 2021-03-31

(END) Dow Jones Newswires

March 31, 2021 03:00 ET (07:00 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
KNORR-BREMSE AG 2.20% 109.15 Delayed Quote.-2.27%
MDAX 0.52% 34198.71 Delayed Quote.11.05%
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Sales 2021 6 784 M 8 079 M 8 079 M
Net income 2021 630 M 750 M 750 M
Net Debt 2021 96,2 M 115 M 115 M
P/E ratio 2021 28,6x
Yield 2021 1,60%
Capitalization 17 595 M 20 961 M 20 952 M
EV / Sales 2021 2,61x
EV / Sales 2022 2,39x
Nbr of Employees 30 160
Free-Float 41,0%
Duration : Period :
Knorr-Bremse AG Technical Analysis Chart | MarketScreener
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Technical analysis trends KNORR-BREMSE AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 112,29 €
Last Close Price 109,15 €
Spread / Highest target 14,5%
Spread / Average Target 2,87%
Spread / Lowest Target -34,0%
EPS Revisions
Managers and Directors
Jan Michael Mrosik Chairman-Executive Board
Frank Markus Weber Chief Financial Officer
Klaus J. Mangold Chairman-Supervisory Board
Heinz Hermann Thiele Member-Supervisory Board
Werner Ratzisberge Member-Supervisory Board
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