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Knorr-Bremse AG boosts financial flexibility by launching new Debt Issuance Program
Volume: 3 billion euros Listed on the Regulated Market of the Luxembourg Stock Exchange Knorr-Bremse AG, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle systems, is launching a new EUR 3 billion Debt Issuance Program to boost the company’s financial flexibility. The program is listed on the Regulated Market of the Luxembourg Stock Exchange, with Deutsche Bank running the book. -
Knorr-Bremse: Strong performance in first half of 2020 underscores Knorr-Bremse’s resilience
Full-year guidance for 2020 confirmed: Revenues of EUR 5,900 to EUR 6,200 million, operating EBITDA margin of 16.5% to 17.5% Business performance in the first half of 2020 impacted by the effects of the Covid-19 pandemic Revenues fall 15.2% to EUR 3,055.8 million Strong aftermarket business with stabilizing effect on earnings performance Robust profitability levels: EBITDA margin of 17.5% compared with 18.6% in the prior-year period Gross cash funds of EUR 2.3 billion ensure flexibility for operations -
"Deutschlandtakt": Knorr-Bremse to equip 30 new high-speed ICE trains
Knorr-Bremse and Siemens Mobility conclude contract to equip 30 high-speed ICE trains for Deutsche Bahn, with an option for 60 additional trains From the first quarter of 2021 until the third quarter of 2024, Knorr-Bremse will supply braking systems including eddy current brakes and entrance systems with a total order value in the mid tens of millions (EUR) to the German train manufacturer The trains will strengthen Deutsche Bahn's long-distance services between German conurbations as well as on several international routes, thus contributing to environmentally friendly mobility with high availability Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has concluded a supply contract with Siemens Mobility to equip 30 high-speed trains for Deutsche Bahn. The contract comprises braking and entrance systems and represents a total order value in the mid tens of millions (EUR). Back in 2015, Knorr-Bremse equipped 17 high-speed trains based on the Velaro platform from Siemens Mobility – operated as Intercity Express (ICE) trains in Germany. The new ICE trains will serve routes including Cologne-Frankfurt and Munich-Berlin, offering high availability throughout the Deutsche Bahn network, with a total of around 13,000 seats. They will also be approved for use in the Netherlands and Belgium. -
MERAK: Knorr-Bremse launches unified global brand for heating, ventilation and air conditioning systems for rail vehicles
Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has unified its global activities in the area of heating, ventilation and air conditioning systems (HVAC) for rail under the new umbrella brand MERAK. The transition comes at a crucial time, as MERAK is assisting rail operators around the world in providing cleaner and safer in-train air as well as restoring normality in rail travel in times of COVID-19. This makes close cooperation with customers more important than ever – and the unified MERAK now offers half a century of experience, over 1,600 highly skilled professionals and more than 120,000 units in operation worldwide. -
Longer service lives: Knorr-Bremse and VR FleetCare sign service agreement to maintain braking systems of 46 locomotives
Knorr-Bremse and Finland’s state-owned railroad vehicle maintenance company VR FleetCare, a subsidiary of VR Group, have concluded a lifecycle management contract featuring overhaul and repair service for the braking systems of 46 freight and passenger locomotives The contract in the single-digit million-euro range runs until the year 2028 By supporting customers with advanced service models and made-to-measure support concepts, Knorr-Bremse contributes to ensuring trains’ operability over their service lives and helps increase availability of rail transport Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, and Finnish railroad vehicle maintenance company VR FleetCare, a subsidiary of VR Group, have signed a service agreement in the single-digit million-euro range for a fleet of 46 Sr2-type locomotives. Until the year 2028, Knorr-Bremse RailServices will be maintaining the brake control and wheel slide protection units of the vehicles’ braking systems. -
Knorr-Bremse named "Best Brand 2020" in readers' poll by ETM publishing house
Knorr-Bremse wins "Best Brand" award in the brakes category for the 15th time in succession Strong result in the EuroTransportMedia readers' poll: Knorr-Bremse achieves a record-breaking 70.7% of votes Appreciation of first-rate quality and service Knorr-Bremse, the world market leader in braking and other systems for rail and commercial vehicles, yesterday officially received the "Best Brand" award in the brakes category from ETM publishing house. Knorr-Bremse has now won the ETM Award for the 15th consecutive time, also reaching a new record this year by garnering over 70% of the votes. -
Annual General Meeting of Knorr-Bremse AG: Dividend payment of EUR 1.80 approved
Payout ratio of approximately 46 percent of net income Heinz Hermann Thiele, Dr. Thomas Enders, and Dr. Theodor Weimer elected to the Supervisory Board -
Knorr-Bremse kicks off 2020 successfully in a challenging environment
Business performance in the first quarter of 2020 impacted by Covid-19, first in Asia, then in Europe and North America Buoyant aftermarket business underlines resilience of business model Solid development: revenues down just -7.3% to EUR 1,627.5 million Robust profitability levels thanks to early action: EBITDA margin of 17.8% compared with 19.0% (Q1 2019), more stable than competition Order book in RVS division up +6.6% despite Covid-19 impact CVS division outperforms the market in all regions Cash funds of EUR 2.0 billion ensure flexibility for operations Knorr-Bremse AG, the global market leader for braking systems and other rail and commercial vehicle systems, today published its first quarter results of 2020. -
High-speed mobility: Knorr-Bremse supports RZD to develop next-generation very high-speed trains for Russia
Knorr-Bremse, Russian Railways RZD and the Russian Engineering Center ECRT have formed a strategic partnership for construction of a new very high-speed train generation In the initial phase, Knorr-Bremse will bring in its conceptual know-how and systems expertise to help determine the trains’ technical specifications The first trains with speeds greater than 300km/h are slated to enter service in 2026 Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, is to join with Russian national rail operator RZD and the Russian Engineering Center for Railway Transport (ECRT) to develop the next generation of very high-speed trains for Russia. The trains will link the country’s largest cities at speeds greater than 300 km/h. In the first project phase, Knorr-Bremse will be contributing its holistic systems expertise to help assess the design requirements. -
Safe and comfortable mobility: How Knorr-Bremse is helping operators to revive rail transport amidst Covid-19
Knorr-Bremse is actively supporting rail operators worldwide in providing safe and comfortable rail transportation during the Covid-19 pandemic Knorr-Bremse’s heating, ventilation and air conditioning systems (HVAC), including solutions for air distribution, active and passive filtering and purification, are contributing to cleaner in-train air Knorr-Bremse is making a key contribution to rebuild trust in public transport and help normalize its widespread use As half-empty trains have unfortunately become a common scene in countries around the world during the Covid-19 pandemic, Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, is actively supporting railway operators worldwide to bolster health and comfort in rail transport.