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EQS-Ad-hoc: Knorr-Bremse Aktiengesellschaft / Key word(s): Change in Forecast/Preliminary Results Publication of Inside Information Pursuant to Article 17 of Regulation (EU) No. 596/2014 Knorr-Bremse AG Moosacher Str. 80 80809 Munich, Germany ISIN: DE000KBX1006
Knorr-Bremse Publishes Preliminary Financial Figures for the Second Quarter of 2024 and Raises Guidance for 2024
Munich, July 29, 2024 Knorr-Bremse AG is expecting the following preliminary financial figures for the Group for the April through June 2024 reporting period (Q2/24):
Some of the preliminary key financial figures for Q2/24 exceed analyst expectations as summarized in the most recent Vara Research consensus dated July 23, 2024 for Q2/2024 and confirm the overall strong business performance in the second quarter. Based on the strong business performance in the second quarter of 2024 and the developments expected for the second half of 2024, the Executive Board is raising the guidance for the operating EBIT margin for fiscal year 2024: Knorr-Bremse continues to expect revenues of between €7,700 million and €8,000 million, an operating EBIT margin of now between 11.5% and 13.0% (previously 11.5% to 12.5%) and an unchanged free cash flow of between €550 million and €650 million. This guidance does not take into account the acquisition of the rail signalling technology business of Alstom in North America, which has yet to be completed. The complete half-year and Q2 report for 2024 will be published as planned on August 8th, 2024.
This publication contains forward-looking statements about the business, financial development, and earnings of the Knorr-Bremse Group. These statements are underpinned by assumptions and forecasts that are based on currently available information and current assessments. They are subject to a large number of uncertainties and risks. Consequently, actual business development may vary significantly from the expected development. Knorr-Bremse does not assume any obligation to update forward-looking statements beyond the requirements imposed by law. End of Inside Information
29-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Knorr-Bremse Aktiengesellschaft |
| Moosacher Str. 80 | |
| 80809 Munich | |
| Germany | |
| Phone: | +49 89 3547 0 |
| E-mail: | info@knorr-bremse.com |
| Internet: | www.knorr-bremse.com |
| ISIN: | DE000KBX1006 |
| WKN: | KBX100 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Vienna MTF) |
| EQS News ID: | 1956365 |
| End of Announcement | EQS News Service |
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1956365 29-Jul-2024 CET/CEST
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