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Knorr Bremse slides in early trade on 'disappointing' Q3 figures

By Reuters News

** Shares in Knorr-Bremse KBX.DE slide 2.3% in early Frankfurt trade, as the braking systems maker's third-quarter results came in below expectations

** The company reported Q3 sales, EBIT and especially order intake below consensus, a local trader says, adding that the numbers are "disappointing"

** Q3 group order intake came in at €2.05 billion ($2.29 billion)

** "Even if order intake of the Rail unit recovers in Q4 it will be difficult to match current full-year consensus," a trader adds

** Up to the previous session's close, shares were up 1.2%​ YTD

($1 = 0.8959 euros)

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