Dr. Jan Mrosik, Chairman of the Executive Board of Knorr-Bremse AG said: "In recent months Knorr-Bremse has impressively demonstrated the performance capabilities of the company and its employees, even during challenging times. With our strong innovative capacity and clear customer orientation we are setting clear strategic priorities for our divisions Rail and Truck. In doing so, we are shaping the future of the global megatrends of urbanization, sustainability, digitalization, and mobility. Our sustainable products, digital innovations, and strong cost discipline are the basis for our solid financial development over the coming years."
The company also published its mid-term outlook for its divisions RVS and CVS. Knorr-Bremse expects an average growth rate of 5 % to 6 % and an operating EBIT margin of 18.0 % to 19.5 % for RVS. For CVS, the company expects average revenue growth of 7 % to 8 % and an operating EBIT margin of 12.0 % to 13.5 %.
Knorr-Bremse's successful path is driven by four long-term global megatrends: urbanization, sustainability, digitization, and mobility. Through the innovative products, systems and services offered by its divisions Truck and Rail, Knorr-Bremse is actively shaping the future of sustainable transportation and the automation sector globally. Against this backdrop, the company will continue to expand its role as market leader and innovator over the coming years with a profitable growth trajectory.
On November 12, 2021, the company narrowed its full-year guidance for 2021, expecting profitable growth despite supply chain disruptions and inflation. Knorr-Bremse now expects revenues of EUR 6,600 million to EUR 6,800 million (2020: EUR 6,157 million) and an operating EBIT margin of between 13.0 % and 13.5 % (2020: 13.2 %) for the full-year 2021.
Further information on Knorr-Bremse AG's Capital Markets Day is available online at Investor Relations .
Knorr-Bremse AG published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 07:19:04 UTC.