Knorr-Bremse

EQS-News: Knorr-Bremse Increases Profitability Significantly at the Beginning of the Year

Retrieved on: 
Friday, May 10, 2024
CFO, Kiepe Electric, Truck, BOOST, Acquisition, Rail, Knorr-Bremse, Growth

Marc Llistosella, Chief Executive Officer (CEO) of Knorr-Bremse AG: “We are very happy with the strong start in 2024.

Key Points: 
  • Marc Llistosella, Chief Executive Officer (CEO) of Knorr-Bremse AG: “We are very happy with the strong start in 2024.
  • Not only did we bring in solid financial results, but we also achieved the first important milestones of our BOOST 2026 strategy program.
  • The sales of Kiepe Electric and SafetyDirect are evidence of our successful portfolio optimization.
  • The order book was worth € 1,991 million as at March 31, 2024, remaining at a high level (March 31, 2023: € 2,091 million).

EQS-News: Knorr-Bremse Acquires Alstom’s Rail Signalling Technology Business in North America

Retrieved on: 
Friday, May 3, 2024
Ecosystem, Alstom, Safety, News, EUR, Transport, Urbanization, CCS, DNA, KBX, Acquisition, Electronics, Logic, Knorr-Bremse, Rail transport

With this acquisition, Knorr-Bremse is successfully making an entry into the highly attractive control, command, and signalling (CCS) segment of the rail market.

Key Points: 
  • With this acquisition, Knorr-Bremse is successfully making an entry into the highly attractive control, command, and signalling (CCS) segment of the rail market.
  • For the Knorr-Bremse Rail Vehicle Systems division, the acquisition of this profitable business creates new prospects for profitable growth, technological competence, and future digital business models.
  • Rather, we will also become one of the US market leaders in North America in the rail control, command, and signalling segment, or CCS for short.
  • In the future, Knorr-Bremse will be able to offer a CCS technology platform to operators and system providers in North America under one roof.

EQS-News: Knorr-Bremse Aktiengesellschaft: Record Year for Knorr-Bremse: Revenues, Order Intake, and Order Book at Historic Highs, Turnaround Achieved, EBIT Margin Risen

Retrieved on: 
Wednesday, March 13, 2024
CFO, Kiepe Electric, RVS, Record, PCPP, Carbon accounting, ESG, Annual report, ISS, CDP, Accounting, S&P Global, Science Based Targets initiative, Sustainalytics, Motivation, Record Year, Science, Workforce, Bank statement, Knorr-Bremse

Knorr-Bremse Aktiengesellschaft: Record Year for Knorr-Bremse: Revenues, Order Intake, and Order Book at Historic Highs, Turnaround Achieved, EBIT Margin Risen

Key Points: 
  • Knorr-Bremse Aktiengesellschaft: Record Year for Knorr-Bremse: Revenues, Order Intake, and Order Book at Historic Highs, Turnaround Achieved, EBIT Margin Risen
    The issuer is solely responsible for the content of this announcement.
  • Record Year for Knorr-Bremse: Revenues, Order Intake, and Order Book at Historic Highs, Turnaround Achieved, EBIT Margin Risen
    Strongest revenues in company’s history: revenues up 10.9% at approx.
  • Its revenues, order intake, and order book have climbed further to reach new record levels.
  • The free cash flow, which has risen to € 553.1 million (previous year: € 219.3 million), also demonstrates the positive effects of the active countermeasures.

EQS-News: Knorr-Bremse sells Kiepe Electric to Heramba

Retrieved on: 
Tuesday, February 6, 2024
BOOST, Electronics, KBX, Transport, Mobility, Safety, Knorr-Bremse, Urbanization, Acquisition, Sale, EUR, Motivation, Digitalization

Munich, February 6, 2024 – Knorr-Bremse has sold Kiepe Electric, based in Düsseldorf, to Heramba.

Key Points: 
  • Munich, February 6, 2024 – Knorr-Bremse has sold Kiepe Electric, based in Düsseldorf, to Heramba.
  • Overall, however, only a small amount of synergy could be achieved between Kiepe Electric and the Rail Vehicle Systems division, which is why we made the decision to separate from Kiepe Electric.
  • With the sale of Kiepe Electric, we have now reached another important milestone, and Kiepe Electric will be able to focus clearly on its own strengths and business”.
  • The transaction consists of the acquisition of all Kiepe Electric business activities and all employees by Heramba GmbH, based in Berlin.

EQS-News: Knorr-Bremse Aktiengesellschaft: Knorr-Bremse Sees Higher Profit Margin and Strong Cash Flow

Retrieved on: 
Tuesday, November 7, 2023
Alstom, Punctuality, Information privacy, PCPP, Ecube Labs, Integrity, Saskatchewan River Sturgeon Management Board, OE, Research, Engineering, EBIT, Software, Growth, Knorr-Bremse, Supervisory board, Transport, Vehicle registration plates of Nepal, HR, CVS, TCI, RVS, BOOST, Investment, IP, COVID-19, Video game, Management, Rare-earth element, Renewable energy

Our greater profitability stems from the successful implementation of our Profit and Cash Protection Program (PCPP), which is part of BOOST 2026.

Key Points: 
  • Our greater profitability stems from the successful implementation of our Profit and Cash Protection Program (PCPP), which is part of BOOST 2026.
  • Operating EBIT improved continuously and rose to € 224 million in the quarter just ended, with an operating EBIT margin of 11.5%.
  • The operating EBIT margin in the first nine months of 2023 was 10.9% and remained at the previous year’s level (9M/22: 10.9%).
  • Free cash flow thus improved significantly in the first nine months of the year, rising to € 65 million from € ‑229 million in the same period last year.

EQS-News: Knorr-Bremse Aktiengesellschaft: Dr. Nicolas Lange to join Knorr-Bremse’s Executive Board and guide the market leader’s rail business

Retrieved on: 
Monday, September 25, 2023
Financial Oversight and Management Board for Puerto Rico, Executive, Supervisory board, Knorr, Knorr-Bremse, RTÉ Executive Board, Rail, Management

An internal successor has already been selected: The Supervisory Board unanimously appointed Dr. Nicolas Lange as the new member of the Executive Board who will lead the Rail Vehicle Systems division effective October 1, 2023.

Key Points: 
  • An internal successor has already been selected: The Supervisory Board unanimously appointed Dr. Nicolas Lange as the new member of the Executive Board who will lead the Rail Vehicle Systems division effective October 1, 2023.
  • Dr. Lange has most recently served as the Chairman of the Management Board of Knorr-Bremse Rail Vehicle Systems and has worked at the Knorr-Bremse Group for more than 20 years.
  • In his current position, he oversees the global braking system business of the Rail division and the European business activities that generate about half of the division’s revenue.
  • Nicolas Lange will be a valuable addition to the Executive Board team led by our Executive Board Chairman Marc Llistosella.”
    Dr. Nicolas Lange said: “I would like to thank the Supervisory Board for the trust that they have placed in me.

Rail Vision Announces Second Quarter 2023 Financial Results

Retrieved on: 
Friday, August 18, 2023
RVSN, Knorr-Bremse, Growth, Research, Sale, Cryptocurrency, Rail transport

RA’ANANA, Israel, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision” or the “Company”), a development stage technology company seeking to revolutionize railway safety and the data-related market, today reported financial results for the second quarter ended June 30, 2023.

Key Points: 
  • RA’ANANA, Israel, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision” or the “Company”), a development stage technology company seeking to revolutionize railway safety and the data-related market, today reported financial results for the second quarter ended June 30, 2023.
  • "We continued to strengthen our foundation during the second quarter, completing a series of transactions that raised gross proceeds of $6 million, including an additional investment by our largest shareholder, Knorr-Bremse,” commented Shahar Hania, CEO of Rail Vision.
  • “This successful quarter brings us one step closer to our vision of making railways safer and more efficient.
  • Further testing is underway for a leading US-based rail and leasing services company that purchased a Rail Vision Switch Yard System during Q1 2023 after a successful demo and initial testing.

ATA Crowns National Truck Driving Champions

Retrieved on: 
Sunday, August 20, 2023
Volunteering, American Trucking Associations, NTDC, ATA, Neill, Greater Columbus Convention Center, High Desert State Prison (Nevada), Wilson, Knorr-Bremse, XPO, Inc., Bong Coo, Professional, Knowledge, Old Dominion Freight Line, Safety, Grand Champion, United Parcel Service, Rail transport

COLUMBUS, Ohio, Aug. 19, 2023 /PRNewswire/ -- Today, the American Trucking Associations announced that James Gragg Wilson of Nevada, a professional driver for United Parcel Service, was named the Bendix Grand Champion of the 2023 National Truck Driving Championships. The competition took place Aug. 16-19 at the Greater Columbus Convention Center.

Key Points: 
  • "This accomplishment epitomizes his entire career, with 37 years and more than 2.5 million miles of accident-free driving."
  • Wilson, who competed in the tank truck division, has been a professional truck driver for 37 years and has driven more than 2.5 million accident-free miles.
  • Professionalism and dedication to the trucking industry were key themes during the National Truck Driving Championships.
  • Since 2011, Bendix Commercial Vehicle Systems has been the sole sponsor of the Bendix National Truck Driving Championships Grand Champion.

EQS-News: Knorr-Bremse Aktiengesellschaft: Knorr-Bremse Sees Strong Growth in Revenues and Profit in H1 2023

Retrieved on: 
Thursday, August 10, 2023
Hitachi, Science, Carbon accounting, Science Based Targets initiative, Partnership, BOOST, RVS, Sustainability reporting, Profit, Sheppard, CRRC, CVS, Bendix, KORAIL, GHG, Knorr, EBIT, Research, Targets, Sale, Knorr-Bremse, Dawonsys, COVID-19, Vehicle registration plates of Nepal, Transport, Canadian Environment Awards, PCPP, Dietary supplement, Video game, Fine chemical, Cryptocurrency, Rare-earth element, Rail transport, Retail, Renewable energy, Agriculture

Operating EBIT also improved as expected in the second quarter, which resulted in a 14% gain to € 415 million in the first half of 2023.

Key Points: 
  • Operating EBIT also improved as expected in the second quarter, which resulted in a 14% gain to € 415 million in the first half of 2023.
  • This result reflects the effectiveness of our profit optimization measures already initiated under the Profit and Cash Protection Program (PCPP).
  • The 4.9% increase in incoming orders in the first half of 2023, to € 4,236 million (H1/22: € 4,038 million), represents another record.
  • The order book also saw a strong gain of 6.4% and grew to € 7,122 million (June 30, 2022: € 6,695 million).

EQS-News: Knorr-Bremse Aktiengesellschaft: ​​​​​​​Knorr-Bremse Lays Groundwork for the Future: Global Strategy Update “Next Level” with Strong Focus on Profitable Growth

Retrieved on: 
Tuesday, July 18, 2023
Pressure, IPO, Partnership, Overalls, Profitable growth, EBIT, Knorr-Bremse, Federal Executive Boards, COVID-19, Map, Growth, ESG, Profit (economics), Transport, Environment, PCPP, Safety, Risk management, Management

Knorr-Bremse Aktiengesellschaft: ​​​​​​​Knorr-Bremse Lays Groundwork for the Future: Global Strategy Update “Next Level” with Strong Focus on Profitable Growth

Key Points: 
  • Knorr-Bremse Aktiengesellschaft: ​​​​​​​Knorr-Bremse Lays Groundwork for the Future: Global Strategy Update “Next Level” with Strong Focus on Profitable Growth
    The issuer is solely responsible for the content of this announcement.
  • The company today published “Next Level KB”, an update of its previous corporate strategy to help achieve this objective.
  • It aims to secure its global leadership of markets and technologies and to generate further, profitable growth.
  • With this newly published update, Knorr-Bremse is demonstrating how it wishes to safeguard sustainable growth and further increase its profitability.