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? Very positive business performance in the first quarter of 2021
? In Q1 2021, order intake rises for the third time in a row and improves by 13.3% to EUR 1.80 billion (previous year: EUR 1.59 billion)
? Order book at record level: Increase of EUR 432 million (+9.3%) compared to the previous year (EUR 4.65 billion) to EUR 5.08 billion
? Revenues grow by 3.9% to EUR 1.69 billion compared to Q1 2020
? Major increase in profitability: EBITDA margin increases to 18.9% (previous year: 17.8%) and EBIT margin to 14.9% (previous year: 13.8%), each having improved by 110 basis points
? Knorr-Bremse considers itself on track for full year 2021 and confirms its guidance
Knorr-Bremse AG, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle systems, today published its results for the first quarter of 2021.
DGAP-News: Knorr-Bremse Aktiengesellschaft / Schlagwort(e): Quartals-/Zwischenmitteilung Knorr-Bremse Aktiengesellschaft: Knorr-Bremse AG im ersten Quartal 2021 mit hervorragenden Ergebnissen
EQS-News: Knorr-Bremse Aktiengesellschaft: Knorr-Bremse AG im ersten Quartal | Newsticker fuw.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fuw.ch Daily Mail and Mail on Sunday newspapers.
– Guidance 2020 fully met: Group performance on target
– Order book at new record level of EUR 4,977.0 million as of December 31, 2020 (previous year: EUR 4,692.0 million)
– Good sales development despite Covid-19 pandemic: Group sales of EUR 6,156.7 million -11.2% below previous year (previous year: EUR 6,936.5 million)
– Solid earnings level: EBITDA down -16.7% at EUR 1,106.9 million (previous year: EUR 1,328.7 million), EBITDA margin down to 18.0% compared to 19.2% in previous year
– Very strong free cash flow: EUR 729 million
– RVS division increased EBITDA margin to 22.9%, up 60 basis points from 22.3% in the previous year
– CVS division with solid EBITDA margin of 13.5% (previous year: 15.4%) thanks to rapid market recovery
– Outlook for 2021: sales EUR 6,500 to EUR 6,900 million, EBITDA margin corridor 17.5% to 19.0%, EBIT margin between 13.0% and 14.5%