Knorr-Bremse Commercial Vehicle Systems. Press Releases.
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Investing in India: Knorr-Bremse increases research and development capacity
- Knorr-Bremse expands Technology Center India (TCI) in Pune and strengthens activity in India’s mobility market
- Multi-million-euro investment in new building complex hosting R&D and technical support facilities for Rail and Commercial Vehicle Systems divisions
- Inauguration ceremony attended by business partners, employees and senior management from Knorr-Bremse Group
Knorr-Bremse is expanding its capacity in India, covering both rail and commercial vehicle sectors. Last week, a new building complex was officially inaugurated at the cross-divisional TCI development center in Pune, where some 1,300 experts will work on developing innovative transportation technologies. Key areas include mechanical engineering, hardware and software, IT and simulations.
Knorr-Bremse Planning a New Remuneration System Based on a 40-Hour Week
- Simple, transparent, and comparable: the new salary system planned for Knorr-Bremse employees at Germany sites
- 40-hour week (previously 42-hour) intended to be new core company working hours
- To be implemented progressively by 2026, starting with the Knorr-Bremse site in Berlin
Knorr-Bremse, the global market leader for braking systems and a leading supplier of other safety-critical rail and commercial vehicle systems, is seeking to become an even more attractive employer. Under the leadership of Chief Executive Officer Marc Llistosella, the company is committed to an even more appealing working environment and to competitive remuneration that rewards performance. For this reason, the Executive Board of Knorr-Bremse AG has decided to make several key elements of the working hours and remuneration at its German sites even more attractive.
Knorr-Bremse Sees Strong Growth in Revenues and Profit in H1 2023
- Revenues up by a significant 15.0% at € 3.9 billion in H1 2023
- Demand remains robust in both divisions, with order intake up 4.9% at € 4.2 billion
- Order book reaches new record at € 7.1 billion (+6.4%)
- Profitability starting to develop positively, with operating EBIT rising by 13.8% to € 415 million and operating EBIT margin stable at approx. 10.6% (Q1/2023: 10.0%, Q2/2023: 11.1%)
- Portfolio review: Sheppard foundry sold, sale of Kiepe signed off
- Sustainability: 2030 climate targets validated by Science Based Targets initiative
- Guidance for 2023 confirmed and revenue target increased to € 7.5 billion to € 7.8 billion (previously: € 7.3 billion to € 7.7 billion)
- “BOOST 2026” program launched – strategic initiatives to generate additional, profitable growth and add value
Knorr-Bremse AG, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle systems, today published its results for the first half and second quarter of 2023.
Knorr-Bremse Lays Groundwork for the Future: Global Strategy Update “Next Level” with Strong Focus on Profitable Growth
- Strategic initiatives in three action areas, “products, people, and processes,” are generating additional, profitable growth and added value
- Target vision for 2026: Knorr-Bremse is seeking to secure its position as a global market leader for the long term with operational excellence
- Efficiency program: portfolio measures planned with revenue of up to € 1.4 billion
- Ambitious growth targets announced for 2026: revenue of € 8 to 9 billion, an operating EBIT margin of more than 14%, and a cash conversion rate of 80% to 90%
Knorr-Bremse wins 41st KS Energy and Environment Award for brake drag torque reduction system
- Automobilclub KS e.V. presents award to Knorr-Bremse in “Vehicle Technology” category
- Brake drag torque reduction system reduces fuel consumption in urban and long-distance traffic by as much as one percent
Knorr-Bremse, the global market leader for braking systems and a leading supplier of other systems for rail and commercial vehicles, was today presented with the 41st KS Energy and Environment Award in the “Vehicle Technology” category by automobile association Automobilclub KS e.V., in recognition of the manufacturer’s brake drag torque reduction system.
Knorr-Bremse Gains SBTi Validation for 2030 Climate Targets
- Knorr-Bremse’s ambitious climate targets validated by the Science Based Targets initiative (SBTi)
- Production-related carbon emissions (Scopes 1 and 2) are planned to be reduced by 75 percent by 2030
- An emission reduction target of 25 percent has been set for most relevant categories in the upstream and downstream value chain (Scope 3)
- SBTi validation confirms compatibility of the communicated reduction pathway with the Paris Agreement 1.5 degree target
Knorr-Bremse’s ambitious climate targets for reducing emissions across the value chain have been validated by the internationally recognized Science Based Targets initiative (SBTi). The global market leader for braking systems and leading provider of other rail and commercial vehicle systems is thus determinedly pushing ahead with its climate strategy.