Plus   Neg

Knorr-Bremse FY20 Profit Down, Order Book Up; Sees Higher Sales In FY21 - Quick Facts

Knorr-Bremse AG (KNRRY.PK,KNBHF.PK), a German manufacturer of braking systems for rail and commercial vehicles, reported Thursday that its fiscal 2020 net income declined 15.8 percent to 532.1 million euros from last year's 632.1 million euros.

Earnings per share reached 3.07 euros, compared to 3.65 euros in the previous year.

EBITDA was down 16.7 percent to 1.11 billion euros. EBITDA margin was down to 18.0 percent from last year's 19.2 percent.

Group sales were 6.16 billion euros, down 11.2 percent from previous year's 6.94 billion euros.

Order book was at 4.98 billion euros, up from 4.69 billion euros a year ago.

Looking ahead for fiscal 2021, the company expects sales between 6.50 billion euros and 6.90 billion euros, an operating EBITDA margin of between 17.5 percent and 19.0 percent and an operating EBIT margin of between 13.0 percent and 14.5 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Performance Food Group Co. announced Tuesday its agreement to acquire Core-Mark Holding Co., Inc., a wholesale distributor to the convenience retail industry, in around $2.5 billion stock and cash transaction, including net debt. In pre-markey activity on Nasdaq, Core-Mark shares were gaining around 9 percent to trade at $45.86. Retail giant Walmart Inc. reported Tuesday a profit for the first quarter of fiscal 2022 that declined 31.6 percent from last year, hurt by net losses on equity investments, However, adjusted earnings per share and quarterly revenues topped analysts' expectations. The retailer also raised its guidance for the second quarter and for the full-year 2022. European Medicines Agency or EMA announced that Comirnaty, the COVID-19 vaccine developed by Pfizer and BioNTech, can have more flexible storage conditions, including up to one month in a normal fridge. The proposed change in the approved storage conditions, recommended by EMA's human medicines committee or CHMP, will help in easy handling of the vaccine in vaccination centres across the EU.
Follow RTT