Knorr-Bremse AG (CHIX:KBXd)
€ 82.38 (0%) Market Cap: 13.56 Bil Enterprise Value: 15.27 Bil PE Ratio: 32.17 PB Ratio: 4.39 GF Score: 79/100
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Full Year 2024 Knorr Bremse AG Earnings Call Transcript

Feb 20, 2025 / 12:00 PM GMT
Release Date Price: €71.2

Key Points

Positve
  • Knorr-Bremse AG (KNRRY) achieved record order books, providing a solid foundation for future growth.
  • The rail division delivered record revenue levels, contributing significantly to the group's profitability.
  • The truck division maintained a double-digit return despite challenging market conditions.
  • The company successfully implemented over 1,000 measures globally under its Boost 2026 strategy, improving profitability and cash flow.
  • Knorr-Bremse AG (KNRRY) issued its first green bond, strengthening its commitment to sustainability and securing long-term refinancing.
Negative
  • The truck division faces a difficult market environment in major regions like North America, Europe, and China.
  • There is a potential risk of market weakness in the first half of 2025 for the truck division.
  • The company is undergoing restructuring to optimize its production footprint, which may involve significant costs.
  • Despite strong performance, the equity ratio slightly declined due to pre-financing of bond maturity.
  • The company faces challenges in maintaining its R&D and CapEx efficiency, particularly in the truck division.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KBX.DE - Knorr Bremse AG
Full Year 2024 Knorr Bremse AG Earnings Call
Feb 20, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you, operator.

Good morning, as well as good afternoon, dear ladies and gentlemen. I hope all of you are very fine. My name is Andrea Spitzauer, head of investor relations at COBRA.

I want to welcome you to the conference call of today where we will present the preliminary results for 2024. Today, Mark Lea, our CEO, and Frank Weber, our CFO, will present the numbers and later discuss the numbers with you.

The meeting will be recorded and will be available on our home page in the investor relations section. Here you can find today's presentation as well.

It is now my pleasure to hand over to Mark Lestera.

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