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Innovation leadership through raw material research: Knorr-Bremse and John von Neumann University complete joint R&D project
Special research into alternative raw materials and technologies: project included the development of prototypes of a modular electronic air treatment unit for commercial vehicles and a new trailer brake control valve Research findings will feed into Knorr-Bremse’s R&D activities EU granted EUR 1.1 million for the research project in 2017 A consortium formed by Knorr-Bremse, the global market leader for braking and other rail and commercial vehicle systems, and John von Neumann University in Kecskemét, Hungary, has successfully completed a joint 27-month research project. The focus of the project was on alternative raw materials – particularly polymer and rubber materials – and technologies for use in the commercial vehicle industry. The research findings will feed into Knorr-Bremse's research and development strategy and activities in the long term. -
Super-fast mobility for Russia: Knorr-Bremse to supply equipment for new Sapsan high-speed trains
Siemens Mobility has awarded Knorr-Bremse a contract to supply equipment for 13 new Sapsan high-speed trains for Russian Railways (RŽD) From Q4 2020, Knorr-Bremse will start supplying the German train manufacturer with equipment including braking, entrance and HVAC systems to the value of middle double-digit million euros The trains will operate on the busy route between Moscow and St. Petersburg, helping to provide highly reliable and efficient rail transportation for travelers, commuters and tourists alike Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has signed a contract with Siemens Mobility to supply equipment for 13 high-speed trains for Russian Railways (RŽD). Based on the German rail vehicle manufacturer’s Velaro platform, the trains will operate in Russia under the Sapsan (Peregrine Falcon) brand. This is the third such contract that Knorr-Bremse has signed with Siemens Mobility to equip the Velaro model in Russia, helping to deliver fast, reliable and highly-efficient mobility. -
Knorr-Bremse publishes 2019 Annual Report and proposes dividend of EUR 1.80 per share
The Executive and Supervisory Boards of Knorr-Bremse AG will propose to the Annual Shareholders' Meeting that a dividend of EUR 1.80 per share be paid for fiscal 2019. Net income for fiscal 2019 totalled EUR 632.0 million, or EUR 3.65 per share. The proposed dividend would result in a total payout of EUR 290.2 million, corresponding to a payout ratio of just under 46% of consolidated net income in 2019. This ratio is within the target range of Knorr-Bremse AG's dividend policy (payout ratio of between 40% and 50% of net income). Based on the closing price of the Knorr-Bremse share at year-end 2019 (€90.75), this equates to a dividend yield of around 2.0%. -
More mobility by rail: Knorr-Bremse supplies braking systems for Egyptian National Railways
Knorr-Bremse and TMH International sign contract to supply equipment for 1,300 passenger cars for Egypt Knorr-Bremse is to deliver braking systems in the mid-double-digit million-euro range up to the end of 2022 With its largest ever individual order in Egypt, Knorr-Bremse is contributing to delivering enhanced mobility for the country’s population Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has signed a contract in the mid-double-digit million-euro range with TMH International, subsidiary of the Russian rolling stock manufacturer TMH, to supply braking systems for 1,300 passenger cars. The new vehicles will help modernize and expand the Egyptian National Railways (ENR) fleet. The first cars are scheduled to enter regular passenger service in the third quarter of 2020. -
Knorr-Bremse suspends guidance for fiscal year 2020
Guidance for fiscal year 2020 due to incalculable economic impacts of Covid-19 suspended Temporary closures of customer and supplier plants increased rapidly Extensive program of measures to ensure earnings stability and supply capability of the company initiated Increase in liquidity by EUR 750 million creates additional scope for action Dividend policy for fiscal year 2019 remains, subject to further developments, unchanged Knorr-Bremse AG's guidance for fiscal 2020, which the company published at its annual press conference on March 11, 2020, was made subject to the reservation that the spread of Covid-19 would have a limited impact. Over the past two weeks, the negative effects of the Covid-19 crisis have gained considerable importance, rendering numerous assumptions obsolete. Among other things, customers and suppliers in many parts of the world have carried out temporary plant closures. According to the current assessment of the Executive Board, it is therefore no longer possible to make a reliable estimate of the further course of business. The guidance for the fiscal year 2020 has thus been suspended. The Executive Board now expects a significant decrease of revenues and EBITDA compared to 2019. -
New lease of life for regional trains: Knorr-Bremse extends service life of Deutsche Bahn’s regional commuter trains
Knorr-Bremse is to modernize the braking systems of at least 155 of Deutsche Bahn’s VT 642 regional multiple units Knorr-Bremse and Deutsche Bahn concluded the relevant framework agreement governing the supply of conversion kits for the brake control units and the provision of training for Deutsche Bahn technicians Modernizing the existing braking systems makes a key contribution to extending the vehicles’ service life and improving their availability in nationwide operation Knorr-Bremse, the global market leader for braking systems and other rail and commercial vehicle systems, and German national rail operator Deutsche Bahn have concluded a framework agreement governing the modernization of the braking system in VT 642 regional multiple units. During the term of the agreement, which runs until year-end 2024, Knorr-Bremse is to supply at least 155 conversion kits with the new ESRA Evolution brake control, and will be supporting Deutsche Bahn with training courses on recommissioning the vehicles when modernization is complete. -
Knorr-Bremse launches next phase of its climate strategy with a commitment to climate neutrality from 2021 onwards
Knorr-Bremse renews its commitment to ESG excellence with a strong focus on its renewed climate strategy Scope 1 and 2 CO2 emission reduction in line with Science Based Targets initiative and Paris Climate Agreement Knorr-Bremse aims to halve its CO2 emissions by 2030 Climate neutrality from 2021 onward, aided by purchasing renewable energy and carbon offsetting Investments will focus on energy efficiency and own generation of renewables Knorr-Bremse, the global market leader for braking systems and other rail and commercial vehicle systems today announced a renewed, ambitious climate strategy. Knorr-Bremse will invest in energy efficiency and own generation of renewable energy. In parallel the company will increase its purchase of renewable energy, green electricity products and certificates. With this Knorr-Bremse will halve its CO2 emissions by 2030 in accordance with the goals of the Paris Climate Agreement and beyond this commits to climate-neutrality across all global operations from 2021 onwards. -
Knorr-Bremse AG presents strong preliminary FY19 results – Aims for climate neutrality in 2021
Guidance 2019 fully achieved: Group and both divisions performing to plan Proof of resilience: Order intake up by 0.9% to 7,066 mEUR after strong Q4 (+10.2%) Dynamic revenue growth: Group revenues up by 4.8% to 6,937 mEUR (2018: 6,616 mEUR), both segments outgrew their respective markets: RVS +5.6% and CVS +3.8% Continued profit growth: 12,8% increase in reported EBITDA to 1,329 mEUR (2018: 1,178 mEUR), 8.2% increase in operating EBITDA to 1,303 mEUR (2018: 1,204 mEUR), operating EBITDA margin increase to 18.8% from 18.4% in previous year Guidance for 2020: Solid outlook for 2020 despite downturn in truck production, revenues 6,500 - 6,900 mEUR, operating EBITDA margin corridor 18.0% - 19.0%, assuming limited Covid-19 impact and stable economic and political conditions, China business currently recovering and global supply chain has remained stable Company to become carbon neutral by 2021: Enhanced focus on energy efficiency, green electricity self-production and procurement to halve its CO2 emissions by 2030, remainder to be offset by high quality certificates Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, today reported strong preliminary full-year 2019 results, with total revenues up 4.8% and reported EBITDA margin up 140bp to 19.2%. -
Automated driving for commercial vehicles: Knorr-Bremse and Dongfeng intensify cooperation and include steering systems in their joint venture
Knorr-Bremse Asia Pacific and Dongfeng Parts & Components Group agree to expand their cooperation Steering added to portfolio to become comprehensive systems supplier to Dongfeng Truck By combining steering and braking control, Knorr-Bremse and Dongfeng are looking to realize driver assistance and automated driving functions Expanded cooperation is response to increased automation and networking of transport operations Knorr-Bremse and Dongfeng Auto Parts are stepping up their cooperation to add steering systems and associated activities to the joint venture between Dongfeng, China’s leading manufacturer of commercial vehicles, and Knorr-Bremse, the global market leader for braking and other rail and commercial vehicle systems. This important move represents the latest step in the two parties’ commitment to expanding the joint venture. -
Frank Markus Weber becomes new CFO of Knorr-Bremse AG
The Supervirsory Board of Knorr-Bremse AG has appointed Frank Markus Weber as new Financial Officer of Knorr-Bremse AG.