Knorr-Bremse AG (DE:KBX)
XETRA:KBX
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Earnings Data
Report Date
Jul 30, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.13Last Year’s EPS
0.87Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive tone: the company reported a strong start to 2026 with record Q1 outcomes in several metrics (backlog, margins, ROCE), clear evidence of margin recovery in both divisions (especially CVS), solid cash and capital discipline, and confirmed full‑year guidance. Challenges were acknowledged — China normalization, North America truck market weakness, FX headwinds, a delayed HVAC disposal and geopolitical risks — but management emphasized resilience, continued efficiency measures (BOOST), and targeted growth/M&A actions to drive further improvement. On balance, highlights outweigh the lowlights.Company Guidance
Strong Q1 performance — best in 5 years
Group revenues of almost EUR 2.0 billion with organic growth of +2% year‑on‑year; order intake remained solid at >EUR 2.2 billion (only slightly down year‑on‑year). Management described this as the best first quarter in the past 5 years.
Material improvement in profitability (group level)
Operating EBIT margin increased by 140 basis points year‑on‑year to the highest Q1 level in 5 years (management highlighted strong aftermarket, operating leverage and BOOST efficiency benefits).
CVS (Truck) margin recovery and earnings step‑up
CVS revenues EUR 878 million with organic growth of +3.6% year‑on‑year. Operating EBIT for CVS reached EUR 101 million and EBIT margin improved to 11.5% (+200 bps year‑on‑year). Full‑year target: CVS margin towards 12%.
RVS (Rail) backlog and order momentum
RVS order intake EUR 1.26 billion, book‑to‑bill ~1.2, and order backlog increased +7% to >EUR 5.9 billion (record level), providing a solid foundation for 2026 and beyond.
Cash generation and capital efficiency improved
Free cash flow improved to EUR 32 million in Q1 (versus EUR 15 million prior year quarter, an increase of EUR 17 million). Return on capital employed rose to 21%. Net working capital decreased to EUR 1.46 billion and scope of days reduced by ~4 days. Capex was EUR 62 million (moderate increase).
Strategic progress — BOOST program and M&A
BOOST cost and efficiency measures continue to contribute to margin recovery; management announced a new program (growth + efficiency) to be detailed in July. Recent duagon acquisition was integrated into Q1 results (management expects duagon to reach ~16% EBIT margin over time) and North American signaling assets have delivered >18% returns.
Confirmed full‑year guidance
Management reconfirmed 2026 guidance: revenues EUR 8.0–8.3 billion, operating margin of at least 14%, and free cash flow EUR 750–850 million (assumes geopolitics and FX remain broadly stable).
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 |
|---|---|---|---|
May 07, 2026 | €103.10 | €103.20 | +0.10% |
Feb 19, 2026 | €104.56 | €108.87 | +4.13% |
Oct 30, 2025 | €79.30 | €79.15 | -0.19% |
Jul 31, 2025 | €85.13 | €86.16 | +1.21% |
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 Jul 30, 2026, TBA (Confirmed).
What is Knorr-Bremse AG (DE:KBX) earnings time?
Knorr-Bremse AG (DE:KBX) earnings time is at Jul 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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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 (Q2) is 1.13.