Knorr-Bremse AG Sees Revenues, Profitability, And Cash Flow Surge In The Third Quarter Of 2020

Business performance in the first nine months of 2020 very robust despite impact of the pandemic

Robust profitability levels: EBITDA margin in the first nine months of 2020 of 17.5% compared with 18.5% in the prior-year period

Free cash flow in Q3 increases almost fourfold versus Q2 2020 to EUR 181.8 million (EUR 47.5 million); at the same time, increased, selective investment in strategic, forward-looking innovation and technology projects

Order intake up 3.6% and order book up 1.2% on the prior-year level again in Q3 due to strong increase in demand for commercial vehicles