The truck and rail supplier Knorr brake After a surprisingly strong second quarter, we are more confident about the year as a whole. According to preliminary results, most of the financial indicators developed better than expected in the spring, said Knorr-Bremse CFO Frank Weber on Monday. It is pleasing that the efficiency program is working. The forecast for the operating profit margin will be increased accordingly. For the year as a whole, the company now expects a profit margin of between 11.5 and 13.0 percent; previously this range was between 11.5 and 12.5 percent.
According to preliminary figures, Knorr-Bremse generated revenues of a good 2 billion euros in the second quarter, and operating profit improved by 13 percent to 252 million euros. The profit margin rose to 12.5 percent from 11.1 percent a year ago. Knorr-Bremse boss Marc Llistosella (57) said the “Boost 2025” program had a positive effect on sales development and reduced costs. Revenues are expected to rise to between 7.7 and eight billion euros.
Goal: Operating return on sales of more than 14 percent
Llistosella announced last year that it would bring the world market leader in train and commercial vehicle brakes to a sales volume of eight to nine billion euros and an operating return on sales of more than 14 percent by 2026. He is also targeting the sale of parts of the company with a sales volume of up to 1.4 billion euros.
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