Knorr- Bremse shares are still weaker: Knorr- Bremse with strong order intake

The group, which is listed on the MDAX, confirmed its outlook for the year as a whole, despite increasing global risks.

According to the announcement, incoming orders increased by 17.3 percent to EUR 2.11 billion and thus more than expected by analysts according to Factset. Sales fell slightly in the first three months by 1.3 percent to 1.67 billion euros. The operating profit (EBIT) fell by a good quarter to 182 million euros, the margin to 10.9 from 14.9 percent. Earnings per share were EUR 0.77 (previous year: EUR 1.05).

Analysts had expected stronger declines in both sales and profits.

For the current year as a whole, the company continues to expect sales of EUR 6.8 to 7.2 billion. Knorr- Bremse sees the EBIT margin at 12.5 to 14.0 percent.

Knorr- Bremse shares temporarily lost 1.21 percent on XETRA to EUR 65.56.

FRANKFURT (Dow Jones)

Image sources: Jann Averwerser/Knorr Bremse AG , Knorr- Bremse AG