Press releases

Knorr-Bremse AG Achieves Outstanding Results In The First Quarter Of 2021

May 14, 2021 [New York Air Brake]

• Very positive business performance in the first quarter of 2021

• In Q1 2021, order intake rises for the third time in a row and improves by 13.2% to EUR 1.80 billion (previous year: EUR 1.59 billion)

• Order book at record level: Increase of EUR 432 million (+9.3%) compared to the previous year (EUR 4.65 billion) to EUR 5.08 billion

• Revenues grow by 3.9% to EUR 1.69 billion compared to Q1 2020

• Major increase in profitability: EBITDA margin increases to 18.9% (previous year: 17.8%) and EBIT margin to 14.9% (previous year: 13.8%), each having improved by 110 basis points

• Knorr-Bremse considers itself on track for full year 2021 and confirms its guidance

 
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