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    KBX   DE000KBX1006

KNORR-BREMSE AG

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Delayed Quote. Delayed Xetra - 05/17 11:35:15 am
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Knorr Bremse : looks to sustainability in financing

01/18/2022 | 04:15am EDT

Knorr-Bremse AG is breaking new ground, even when it comes to financing. The global market leader for braking systems and leading supplier of other safety-critical rail and commercial vehicle systems has just concluded its first-ever syndicated loan. Additionally, a sustainability component was included in the structure of the credit facility.

Frank Markus Weber, Chief Financial Officer of Knorr-Bremse AG: "With this syndicated loan, we are expanding the tools at our disposal for long-term financing and modifying our previous strategy, which was characterized by short-term bilateral credit lines combined with long-term capital market instruments. We have thus secured ourselves credit over the long term in an attractive market environment and, with this ESG-linked loan as a green financing element, have taken up a sustainable instrument into our financing structure."

The syndicated loan of EUR 750 million has a term of five years and can be extended by one year up to two times. Knorr-Bremse has tied the new financing to an ESG rating by ISS Corporate Solutions, who currently has Knorr-Bremse AG at a solid rating of C+. Within the framework of a bonus-malus system, changes to this rating have a corresponding positive or negative impact on the loan spread.

The transaction was coordinated by Deutsche Bank and UniCredit.

Disclaimer

Knorr-Bremse AG published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 09:14:05 UTC.


ę Publicnow 2022
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Financials
Sales 2022 7 067 M 7 443 M 7 443 M
Net income 2022 578 M 609 M 609 M
Net Debt 2022 319 M 336 M 336 M
P/E ratio 2022 19,0x
Yield 2022 2,60%
Capitalization 10 974 M 11 559 M 11 559 M
EV / Sales 2022 1,60x
EV / Sales 2023 1,47x
Nbr of Employees 30 900
Free-Float 41,0%
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Technical analysis trends KNORR-BREMSE AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 68,08 €
Average target price 90,67 €
Spread / Average Target 33,2%
EPS Revisions
Managers and Directors
Frank Markus Weber Chief Executive & Financial Officer
Klaus J. Mangold Chairman-Supervisory Board
Werner Ratzisberge Member-Supervisory Board
Michael Jell Member-Supervisory Board
Erich Starkl Member-Supervisory Board
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