Trade Knorr-Bremse - KBX CFD

Knorr-Bremse Company profile

About Knorr - Bremse AG

Knorr Bremse AG is a Germany-based company that manufactures braking systems and other subsystems for rail and commercial vehicles. It operates through two segments: Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment equips mass transit vehicles, such as metro cars, and mainline freight and passenger trains with brake systems, as well as entrance systems, heating, ventilation and air conditioning (HVAC) systems, auxiliary power supply, driver assistance systems, electrical traction equipment and control technology, among others. The Commercial Vehicle Systems segment offers products for trucks, buses, trailers and agricultural machinery. The product portfolio includes brake systems and vehicle dynamics solutions, such as driver assistance, energy supply and distribution systems, such as air compressors, and fuel efficiency products and transmission subsystems, such as vibration dampers, among others. The Company also offers aftermarket services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Knorr - Bremse AG revenues increased 9% to EUR6.71B. Net income increased 25% to EUR621.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Other Operating Income - Balancing value increase from EUR29.5M to EUR89.9M (income), G/L on Sale of Tangible & Intangible FA increase from EUR1.4M to EUR22M (income).