Q3 2025 Knorr Bremse AG Earnings Call Transcript

Oct 30, 2025 / 10:59 AM GMT

Transcript

Key Points

Positve

Knorr-Bremse AG (KNRRY) reported strong organic growth in its Rail Vehicle Systems (RVS) division, highlighting the potential of the rail industry.
The company achieved a 13.3% operating margin, marking the best profitability in the last 16 quarters.
Knorr-Bremse AG (KNRRY) successfully expanded its RVS division with the acquisition of Duogon, enhancing its electronics and software solutions portfolio.
The company maintained a strong order intake of nearly €2 billion, driven by robust demand in the rail sector.
Knorr-Bremse AG (KNRRY) improved its free cash flow conversion rate to 104%, demonstrating effective cash management.

Negative

The North American truck market remains extremely challenging, impacting the Commercial Vehicle Systems (CVS) division's performance.
Despite efforts, the CVS division's revenues declined by 9% year over year due to divestments and unfavorable currency impacts.
The company had to reduce its North American workforce by around 15% due to market conditions.
Knorr-Bremse AG (KNRRY) expects the lower end of its revenue guidance to be more likely achieved due to a weaker truck market and currency effects.
The aftermarket share in the RVS division decreased in Q3 compared to the first half of the year, impacting revenue growth.

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

KBX.DE - Knorr Bremse AG
Q3 2025 Knorr Bremse AG Earnings Call
Oct 30, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Welcome to K's conference call for the financial results of the third quarter 2025.

At this time, all participants have been placed on a listen-only mode.

The floor will be open for questions following the presentation. Let me now turn the floor over to your host Andreas Spitzer, head of investor relations.

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Unidentified_2 [2]
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Thank you, operator.

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

I want to welcome you to

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