Press Releases

• 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.

• Successful market launch in South America marks the next milestone for CVS aftermarket brand Knorr-Bremse TruckServices
• At the Automec 2023 trade show, the aftermarket unit will present its TruckServices portfolio for the South American market for the first time
• Knorr-Bremse TruckServices and Spanish wheel-bearing specialist Fersa Bearings to announce an extended strategic partnership agreement

• Knorr-Bremse releases Annual Report for fiscal year 2022
• Virtual Annual General Meeting convened for May 5, 2023
• The Executive Board and Supervisory Board to propose € 1.45 dividend per share for fiscal year 2022 to Annual General Meeting

• Knorr-Bremse and Team Hahn Racing build on 20 years of successful partnership
• With Knorr-Bremse TruckServices, Knorr-Bremse will continue to support reigning European Vice-Champion Jochen Hahn through the 2023 racing season, as both main sponsor and technical partner
• Truck racing is ideal for endurance-testing series products in extreme conditions

• Revenue and profitability guidance for 2022 achieved
• Order intake rises by 11.4% to a record € 8.1 billion
• Order book achieves 24.3% boost for another new record of € 6.9 billion
• Revenue in 2022 fiscal year increases by 6.6% to approximately € 7.1 billion thanks to high demand in Europe and North America
• Highly robust profitability attained in globally uncertain times: operating EBIT margin of 11.1% (previous year: 13.5%) and operating EBITDA margin of 15.4% (previous year: 17.9%)
• Sustainability: new green-financing initiatives launched and commitment made to scope 3 targets
• Guidance for 2023: revenue of € 7.3 billion to € 7.7 billion, operating EBIT margin between 10.5% and 12.0%, and free cash flow between € 350 million and € 550 million

Knorr Bremse AG remains on its growth course despite global crisis. The global market leader for braking systems and leading provider of other systems for rail and commercial vehicles presented its preliminary results for the 2022 fiscal year in Munich today.

• Knorr-Bremse has signed investment and cooperation agreements with Chinese e-motor supplier Shanghai Bobang Automotive Technology Co., Ltd (“Bobang”) worth a mid-single digit million euro amount
• Founded in 2012, Bobang is now expanding its commercial vehicle product portfolio following the company’s exceptional performance in China’s passenger car market
• With the closing of this transaction on October 19, 2022, Knorr-Bremse is Bobang’s second largest shareholder, with a minority stake of ca. 13% and a seat on Bobang’s Board of Directors
• The partnership and joint development projects with Bobang will strengthen Knorr-Bremse’s e-motor competencies and respond to the rapid growth of automated driving and electrification globally

Knorr-Bremse, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle systems, has invested in Chinese e-motor supplier Bobang in return for a minority stake of around 13 percent. The investment further strengthens Knorr-Bremse’s position as a leading supplier of braking and steering systems for commercial vehicles by increasing the company’s e-motor competencies and making it even more cost-competitive.