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May 07, 2020

Heinz Hermann Thiele, Thomas Enders and Theodor Weimer proposed as new members of the Supervisory Board of Knorr-Bremse AG

At today’s meeting, the Supervisory Board of Knorr-Bremse AG discussed and decided upon candidates for three vacant seats for shareholder representatives on the Supervisory Board. The Supervisory Board proposes Heinz Hermann Thiele, Dr. Thomas Enders and Dr. Theodor Weimer for election by this year’s General Meeting.

April 22, 2020

Major contract for trailer air disk brakes: Knorr-Bremse and Schmitz Cargobull continue their long-term partnership

  • Contract with Schmitz Cargobull extended.
  • Order volume worth high double-digit millions of euros.
  • Follow-up supply agreement includes current ST7 trailer air disk brake technology and the changeover to NEXTT, the new trailer-specific disc brake design.

Knorr-Bremse, the world’s leading manufacturer of braking and other systems for rail and commercial vehicles, and Schmitz Cargobull, the European number 1 in the semitrailer market, have announced the continuation of their supply agreement in the field of wheelend applications for the Schmitz Cargobull trailer axle. The follow-up contract underpins Knorr-Bremse’s market position in the trailer wheelend segment in Europe.

April 16, 2020

More mobility by rail: Knorr-Bremse supplies braking systems for Egyptian National Railways

  • Knorr-Bremse and TMH International sign contract to supply equipment for 1,300 passenger cars for Egypt
  • Knorr-Bremse is to deliver braking systems in the mid-double-digit million-euro range up to the end of 2022
  • With its largest ever individual order in Egypt, Knorr-Bremse is contributing to delivering enhanced mobility for the country’s population

Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has signed a contract in the mid-double-digit million-euro range with TMH International, subsidiary of the Russian rolling stock manufacturer TMH, to supply braking systems for 1,300 passenger cars. The new vehicles will help modernize and expand the Egyptian National Railways (ENR) fleet. The first cars are scheduled to enter regular passenger service in the third quarter of 2020.

April 08, 2020

Knorr-Bremse responds flexibly to economic downturn

The economic impact of the COVID-19 pandemic is also leading to far-reaching adaptation measures at Knorr-Bremse. Substantial proportions of customers and suppliers in Europe have temporarily shut down their production plants. Many customers have also reduced capacities in their administration and development departments. Against this backdrop, Knorr-Bremse has reached agreements with employee representatives across Germany with the aim of safeguarding jobs and being able to ramp up production again at any time in close coordination with customers. All parts of Knorr-Bremse are taking a proactive approach and adapting their activities flexibly to the current situation.

March 17, 2020

New lease of life for regional trains: Knorr-Bremse extends service life of Deutsche Bahn’s regional commuter trains

  • Knorr-Bremse is to modernize the braking systems of at least 155 of Deutsche Bahn’s VT 642 regional multiple units
  • Knorr-Bremse and Deutsche Bahn concluded the relevant framework agreement governing the supply of conversion kits for the brake control units and the provision of training for Deutsche Bahn technicians
  • Modernizing the existing braking systems makes a key contribution to extending the vehicles’ service life and improving their availability in nationwide operation

Knorr-Bremse, the global market leader for braking systems and other rail and commercial vehicle systems, and German national rail operator Deutsche Bahn have concluded a framework agreement governing the modernization of the braking system in VT 642 regional multiple units. During the term of the agreement, which runs until year-end 2024, Knorr-Bremse is to supply at least 155 conversion kits with the new ESRA Evolution brake control, and will be supporting Deutsche Bahn with training courses on recommissioning the vehicles when modernization is complete.

March 11, 2020

Knorr-Bremse launches next phase of its climate strategy with a commitment to climate neutrality from 2021 onwards

  • Knorr-Bremse renews its commitment to ESG excellence with a strong focus on its renewed climate strategy
  • Scope 1 and 2 CO2 emission reduction in line with Science Based Targets initiative and Paris Climate Agreement
  • Knorr-Bremse aims to halve its CO2 emissions by 2030
  • Climate neutrality from 2021 onward, aided by purchasing renewable energy and carbon offsetting
  • Investments will focus on energy efficiency and own generation of renewables

Knorr-Bremse, the global market leader for braking systems and other rail and commercial vehicle systems today announced a renewed, ambitious climate strategy. Knorr-Bremse will invest in energy efficiency and own generation of renewable energy. In parallel the company will increase its purchase of renewable energy, green electricity products and certificates. With this Knorr-Bremse will halve its CO2 emissions by 2030 in accordance with the goals of the Paris Climate Agreement and beyond this commits to climate-neutrality across all global operations from 2021 onwards.

March 11, 2020

Knorr-Bremse AG presents strong preliminary FY19 results – Aims for climate neutrality in 2021

  • Guidance 2019 fully achieved: Group and both divisions performing to plan
  • Proof of resilience: Order intake up by 0.9% to 7,066 mEUR after strong Q4 (+10.2%)
  • Dynamic revenue growth: Group revenues up by 4.8% to 6,937 mEUR (2018: 6,616 mEUR), both segments outgrew their respective markets: RVS +5.6% and CVS +3.8%
  • Continued profit growth: 12,8% increase in reported EBITDA to 1,329 mEUR (2018: 1,178 mEUR), 8.2% increase in operating EBITDA to 1,303 mEUR (2018: 1,204 mEUR), operating EBITDA margin increase to 18.8% from 18.4% in previous year
  • Guidance for 2020: Solid outlook for 2020 despite downturn in truck production, revenues 6,500 - 6,900 mEUR, operating EBITDA margin corridor 18.0% - 19.0%, assuming limited Covid-19 impact and stable economic and political conditions, China business currently recovering and global supply chain has remained stable
  • Company to become carbon neutral by 2021: Enhanced focus on energy efficiency, green electricity self-production and procurement to halve its CO2 emissions by 2030, remainder to be offset by high quality certificates

Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, today reported strong preliminary full-year 2019 results, with total revenues up 4.8% and reported EBITDA margin up 140bp to 19.2%.

March 09, 2020

Automated driving for commercial vehicles: Knorr-Bremse and Dongfeng intensify cooperation and include steering systems in their joint venture

  • Knorr-Bremse Asia Pacific and Dongfeng Parts & Components Group agree to expand their cooperation
  • Steering added to portfolio to become comprehensive systems supplier to Dongfeng Truck
  • By combining steering and braking control, Knorr-Bremse and Dongfeng are looking to realize driver assistance and automated driving functions
  • Expanded cooperation is response to increased automation and networking of transport operations

Knorr-Bremse and Dongfeng Auto Parts are stepping up their cooperation to add steering systems and associated activities to the joint venture between Dongfeng, China’s leading manufacturer of commercial vehicles, and Knorr-Bremse, the global market leader for braking and other rail and commercial vehicle systems. This important move represents the latest step in the two parties’ commitment to expanding the joint venture.

March 04, 2020

Frank Markus Weber becomes new CFO of Knorr-Bremse AG

The Supervirsory Board of Knorr-Bremse AG has appointed Frank Markus Weber as new Financial Officer of Knorr-Bremse AG.

February 11, 2020

Knorr-Bremse AG named “Top Employer for Engineers in Germany”

For the seventh time in succession, Knorr-Bremse, the global market leader for braking systems and other subsystems for rail and commercial vehicles, has been named “Top Employer for Engineers in Germany”.

Christina Ebersberger-Dörfler

Tel.: +43 (0)2236 / 409-2254
Fax: +43 (0)2236 / 409-2412
e-Mail: christina.ebersberger-doerfler@knorr-bremse.com

Knorr-Bremse GmbH
Beethovengasse 43-45
A-2340 Mödling
Austria

Alexandra Bufe

Tel: +49 89 3547 1402
Fax: +49 89 3547 1403
e-Mail: alexandra.bufe@knorr-bremse.com

Knorr-Bremse AG
Moosacher Straße 80
80809 Munich
Germany

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