Yahoo Finance Knorr-Bremse Full Year 2023 Earnings: Beats Expectations
Knorr-Bremse (ETR:KBX) Full Year 2023 Results
Key Financial Results
Revenue: €8.04b (up 11% from FY 2022).
Net income: €552.5m (up 13% from FY 2022).
Profit margin: 6.9% (up from 6.7% in FY 2022). The increase in margin was driven by higher revenue.
EPS: €3.43 (up from €3.04 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Knorr-Bremse Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%.
The primary driver behind last 12 months revenue was the Commercial Vehicle Systems segment contributing a total revenue of €4.18b (52% of total revenue). Notably, cost of sales worth €4.15b amounted to 52% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €1.99b (60% of total expenses). Explore how KBX's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Machinery industry in Germany.
Performance of the German Machinery industry.
The company's shares are up 3.1% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Knorr-Bremse that you need to take into consideration.
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