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Knorr-Bremse Presents Excellent Results In An Exceptional 2020, Confirming Solid Level Of Profitability

March 04, 2021

◾Guidance 2020 fully met: Group performance on target

◾Order book at new record level of EUR 4,977.0 million as of December 31, 2020 (previous year: EUR 4,692.0 million)

◾Good sales development despite Covid-19 pandemic: Group sales of EUR 6,156.7 million -11.2% below previous year (previous year: EUR 6,936.5 million)

◾Solid earnings level: EBITDA down -16.7% at EUR 1,106.9 million (previous year: EUR 1,328.7 million), EBITDA margin down to 18.0% compared to 19.2% in previous year

◾Very strong free cash flow: EUR 729 million

◾RVS division increased EBITDA margin to 22.9%, up 60 basis points from 22.3% in the previous year

◾CVS division with solid EBITDA margin of 13.5% (previous year: 15.4%) thanks to rapid market recovery

◾Outlook for 2021: sales EUR 6,500 to EUR 6,900 million, EBITDA margin corridor 17.5% to 19.0%, EBIT margin between 13.0% and 14.5%

 
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