Socialpost

Complete News World

Knorr-Bremse shares heavy losses: Knorr-Bremse becomes more cautious throughout the year |  11/12/21

Knorr-Bremse shares heavy losses: Knorr-Bremse becomes more cautious throughout the year | 11/12/21

After a strong third quarter, Knorr Brems became more cautious for the year as a whole.

The brake manufacturer has set its full-year margin forecast to the lower end of the previous range, according to the announcement.

The operating margin before interest and tax is now expected to be between 13.0 and 13.5 per cent after 13.2 per cent in the previous year. So far, the MDAX-listed company has promised 13.0 to 14.5 percent. Knorr-Bremse now expects sales of between €6.6 billion and €6.8 billion after €6.16 billion the previous year. Here the bandwidth was previously between 6.5 billion and 6.9 billion euros.

In the third quarter, the Munich-based company managed to increase sales and profits, as expected by analysts. In contrast, incoming orders decreased significantly by 12%.

For Friday’s Knorr-Bremse shares in XETRA, it was last down 4.02% to €91.60.

DJG / no / sha

Frankfurt (Dow Jones)

Trade forex with up to 30 livres now

Trade forex with high leverage and small spreads. With only €100.00, you can benefit from the capital effect of €3,000.

72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can take a high risk of losing your money.

See also  The new administrative duo at RegionalMedien Tirol