Knorr-Bremse AG: Knorr-Bremse tops EUR 4 billion in sales
(firmenpresse) - Knorr-Bremse AG / Key word(s): Enterprise/
Knorr-Bremse AG: Knorr-Bremse tops EUR 4 billion in sales
DGAP-Media / 12.01.2012 / 15:33
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Press Release
Munich, January 12, 2012
Knorr-Bremse tops EUR 4 billion in sales
- Group sales up more than EUR 500 million or 14% at EUR 4.24 billion
- Renewed growth in Rail Vehicle Systems Division
- Strong sales increase in Commercial Vehicle Systems Division
Knorr-Bremse Group
In fiscal 2011, the Knorr-Bremse Group saw sales climb more than half a
billion euros or 14% to EUR 4.24 billion (2010: EUR 3.71 billion). In the
course of the year under review, the Group workforce increased from 18,053
(on Dec. 31, 2010) to approximately 20,000 employees (on Dec. 31, 2011).
The Rail Vehicle Systems Division posted a further 8% increase in sales in
2011, reaching a total of EUR 2.19 billion (2010: EUR 2.02 billion). In the
year under review, growth was driven not least by the North American
region, assisted by a resurgent freight car market, and by Europe.
Knorr-Bremse's Commercial Vehicle Systems Division reported 22% growth in
2011 with business expanding in every region as sales reached EUR 2.07
billion (2010: EUR 1.70 billion). A key contributory factor here was the
ongoing buoyancy of the commercial vehicle markets in Europe and North
America in particular. Despite this recovery, however, in 2011 the European
commercial vehicle market remained below the pre-crisis level of 2008.
The company's financial statements press conference will be held at its
Munich headquarters at 10 a.m. on March 27, 2012.
The Knorr-Bremse Group is the world's leading manufacturer of braking
systems for rail and commercial vehicles. For more than 100 years now the
company has pioneered the development, production, marketing and servicing
of state-of-the-art braking systems. In the rail vehicle systems sector,
the product portfolio also includes intelligent door systems, control
components, air conditioning systems and windscreen wiper systems, as well
as platform screen doors. Knorr-Bremse also offers driving simulators and
e-learning systems for optimum train crew training. In the commercial
vehicle systems sector, the product range includes complete braking systems
with driver assistance systems, as well as torsional vibration dampers,
powertrain-related solutions and transmission control systems for enhanced
energy efficiency and fuel economy.
Contact:
Christoph Günter
Vice President Corporate Communications
Tel: 089-3547-1402
Fax: 089-3547-1403
Email: christoph.guenter(at)knorr-bremse.com
Knorr-Bremse AG
Moosacher Strasse 80
80809 Munich
Germany
www.knorr-bremse.com
End of Media Release
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Datum: 12.01.2012 - 15:33 Uhr
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