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Knorr-Bremse: Strong Performance In First Half Of 2020 Underscores Knorr-Bremse's Resilience

September 10, 2020 [New York Air Brake]

- Full-year guidance for 2020 confirmed: Revenues of EUR 5,900 to EUR 6,200 million, operating EBITDA margin of 16.5% to 17.5%

- Business performance in the first half of 2020 impacted by the effects of the Covid-19 pandemic

- Revenues fall 15.2% to EUR 3,055.8 million

- Strong aftermarket business with stabilizing effect on earnings performance

- Robust profitability levels: EBITDA margin of 17.5% compared with 18.6% in the prior-year period

- Gross cash funds of EUR 2.3 billion ensure flexibility for operations

 
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