Knorr-Bremse stock gains 1.55% since last report

Published on 11/10/2026 at 17:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Knorr-Bremse stock has moved higher since the previous report. The company kept its 2026 outlook at the upper end of its ranges.

Margins rise as order signals diverge

Knorr-Bremse delivered its second-highest quarterly operating EBIT in company history.
Rail order intake weakened, while Truck order intake benefited from recovering North American and European demand.
Management expects 2026 revenue and free cash flow at the upper end of their guidance ranges.

Knorr-Bremse, DE000KBX1006, Illustration mit AI erstellt.

Knorr-Bremse stock has gained 1.55% since our report of November 9, when it traded at 94.98 euros. The move comes as investors weigh strong third-quarter profitability against weaker Rail order intake and a reaffirmed 2026 outlook.

Knorr-Bremse stock traded at 96.45 euros on Lang & Schwarz at 17:38 CET on Tuesday, November 10, 2026.

Strong profit, mixed order picture

In its October 28 release, Knorr-Bremse said third-quarter revenue rose 9.0% year over year to 2.051 billion euros. Operating EBIT increased 19.1% to 299 million euros, lifting the operating EBIT margin to 14.6% from 13.3%.

The company described the operating result as its second-highest quarterly level in its history. Free cash flow rose 49.8% to 238 million euros, while the order book increased 7.0% to 7.883 billion euros at the end of September.

Rail caution meets Truck recovery

Rail revenue rose 6.1% to 1.114 billion euros and operating EBIT advanced 9.9% to 197 million euros. However, Rail order intake fell 10.9% to 1.045 billion euros. Knorr-Bremse expects a partial recovery in the fourth quarter, with Rail order intake seen at around 1.2 billion euros.

The Truck division supplied the stronger demand signal. Order intake increased 30.1% to 1.018 billion euros, revenue climbed 12.5% to 938 million euros and operating EBIT rose 31.9% to 116 million euros. Management pointed to market recovery in North America and Europe.

Guidance remains at the upper end

Knorr-Bremse confirmed its 2026 framework and expects revenue and free cash flow at the upper end of their respective ranges. The guidance comprises revenue of 8.1 billion to 8.3 billion euros, an operating EBIT margin of 14.0% to 14.5% and free cash flow of 750 million to 850 million euros.