Press Releases

Knorr-Bremse AG Firmly On Track After Nine Months: Sales and Profitability Up Further

November 27, 2019 [Bendix]

- Outlook for the 2019 fiscal year confirmed: Sales of between EUR 6,875m and EUR 7,075m, operating EBITDA margin of between 18.5% and 19.5%

- Further growth: Group sales increase by 6.4% to EUR 5,313m from January to September 2019

- Increased profitability: Operating EBITDA margin of 18.8% vs. 17.9% in prior-year period

- High inflow of money: Operating cash flow increases by 71.1% to EUR 554m

- Sale and lease-back transaction in Munich announced: Book profit of EUR 46m in Q4 - cash inflow in 2019 and 2020/2021

 
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