Knorr-Bremse (ETR:KBX) Third Quarter 2024 Results

Key Financial Results

• Revenue: €1.94b (down 1.4% from 3Q 2023).

• Net income: €129.9m (up 2.4% from 3Q 2023).

• Profit margin: 6.7% (up from 6.5% in 3Q 2023). The increase in margin was driven by lower expenses.

• EPS: €0.81 (up from €0.79 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Knorr-Bremse EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.4%.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany.

Performance of the German Machinery industry.

The company's shares are down 6.8% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Knorr-Bremse.

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