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Knorr-Bremse AG (DE:KBX)
XETRA:KBX
Earnings Data
Report Date
May 07, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.07Last Year’s EPS
0.84Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights substantial operational and financial progress: record free cash flow, improved margins (group margin +70 bps to 13%), rail hitting midterm margin a year early, stronger balance sheet (net debt down 31%), orderbook/backlog growth, and clear 2026 guidance. These positives are balanced by continued truck-market weakness in North America, some regional and timing softness in RVS orders (Q4 order intake -10% and book-to-bill <1 in the quarter), a pending HVAC divestment and FX/M&A headwinds. Management communicated a cautious but constructive outlook with an emphasis on efficiency (BOOST Phase 2) and targeted greenfield growth, suggesting confidence in execution while acknowledging near-term cyclical and regional risks.Company Guidance
Strong Full-Year Revenues and Organic Growth
Total revenues of almost EUR 8.0 billion for FY2025 with slight organic growth (group level). Q4 revenues ~EUR 2.0 billion with organic growth of >6%.
Improved Group Profitability
Operating EBIT margin increased by 70 basis points to 13.0% for FY2025. Q4 operating margin rose to 13.5% year-over-year.
Rail Division Outperformance
Rail (RVS) delivered margin-accretive growth and reached its midterm target margin one year early at 16.5% for FY2025. RVS Q4 operating EBIT margin rose 140 bps to 17.0%; Q4 revenues nearly EUR 1.1 billion (3% YoY, +7% organic).
Record Free Cash Flow and Exceptional Cash Conversion
FY2025 free cash flow of EUR 790 million (record) and an operating cash conversion rate of 131% (would be ~138% excluding ~EUR 80 million severance one-offs). Q4 FCF was EUR 471 million.
Balance Sheet Strength and Deleveraging
Net debt declined 31% to EUR 627 million; net debt/EBITDA just below 0.5. Equity nearly EUR 3.2 billion with an equity ratio of 36%. Liquidity around EUR 1.7 billion (operational liquidity up ~15% after bond repayment).
Order Intake and Backlog Momentum
Order intake +6% organically and backlog +8% organically year-over-year for FY2025. RVS year-end order book ~EUR 5.6 billion (backlog organically +9%). Q4 order intake ~EUR 2 billion (+~6% organic) with book-to-bill around 1 for the year.
BOOST Program and Efficiency Gains
BOOST fix-it measures improved breakeven by ~400 basis points and supported margin expansion. Headcount reduced by >2,400 over three years; CapEx optimized to EUR 319 million (4.1% of revenues, down EUR 30 million YoY). ROCE improved to 22.8% (increase of ~200 bps).
Truck Aftermarket and Digital Platform Progress
CVS strengthened aftermarket and digital capabilities (Cojali >EUR 130 million revenues with attractive EBIT margin). CVS quarter order intake EUR 977 million (+~10% YoY; +20% organic YoY for the quarter) and Q4 operating EBIT margin improved to 11.3% (up 180 bps YoY).
Clear 2026 Guidance
Management issued FY2026 guidance: revenues EUR 8.0–8.3 billion, group EBIT margin ~14% and free cash flow EUR 750–850 million, supporting continuity of strategy and confidence in execution.
Sustainability Progress
Since 2018, Scope 1 & 2 CO2 emissions reduced by 79%; self-produced renewable power increased by 41%. EU taxonomy aligned revenues slightly increased, supported by RVS share.
DE:KBX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:KBX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | €106.60 | €111.00 | +4.13% |
Oct 30, 2025 | €80.85 | €80.70 | -0.19% |
Jul 31, 2025 | €86.80 | €87.85 | +1.21% |
May 08, 2025 | €87.65 | €86.75 | -1.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Knorr-Bremse AG (DE:KBX) report earnings?
Knorr-Bremse AG (DE:KBX) is schdueled to report earning on May 07, 2026, TBA (Confirmed).
What is Knorr-Bremse AG (DE:KBX) earnings time?
Knorr-Bremse AG (DE:KBX) earnings time is at May 07, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Knorr-Bremse AG stock?
The P/E ratio of Knorr-Bremse AG is N/A.
What is DE:KBX EPS forecast?
DE:KBX EPS forecast for the fiscal quarter 2026 (Q1) is 1.07.