0831 GMT – Knorr-Bremse released good fourth-quarter results and issued guidance for the year ahead that suggest low single-digit upgrades to 2024 consensus expectations, Citi analysts say in a research note. The German manufacturer of brakes for commercial vehicles and trains expects revenue to be between EUR7.7 billion and EUR8.0 billion with a margin of 11.5% to 12.5% this year, implying a 1% to 2% upgrade to consensus on EBIT at the mid-point of the range, the analysts say. The guidance incorporates the Kiepe Electric divestment, which isn’t in consensus estimates, leading Citi to view guidance as slightly better.