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Knorr-Bremse Q3 EBIT Down; Confirms 2020 Guidance

Knorr-Bremse AG (KNRRY.PK,KNBHF.PK) reported that its third-quarter group EBIT declined to 194.6 million euros from 249.8 million euros in the prior year.

EBITDA also declined to 268.7 million euros from 313.3 million euros last year.

Earnings per share rose to 0.82 euros from 0.56 euros in the prior year.

Quarterly revenues declined to 1.53 billion euros from 1.71 billion euros last year.

The company confirmed its guidance for the 2020 fiscal year. The company expects revenues in the range of 5.9 billion euros to 6.2 billion euros and an operating EBITDA margin, meaning before restructuring expenses, of between 16.5 to 17.5%.

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