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Knorr-Bremse reports further growth

19 Jan 2011

KNORR-BREMSE: Braking system and rolling stock component manufacturer Knorr-Bremse has reported sales of €3·71bn for 2010, up 34% on the previous year. Operational earnings were up 28% based on constant exchange rates.

Sales at the Rail Vehicle Systems division increased from €1·55bn to €2·02bn, primarily driven by a marked rise of more than 100% in Asia where the company has been expanding its presence since the late 1980s.

Sales at the Commercial Vehicle Systems road vehicle division showed signs of recovery, growing from €1·22bn in 2009 to €1·70bn last year, but in Europe and North America the sector remained well below its level before the financial downturn.

In 2011 Knorr-Bremse expects to see ‘continuing positive development’ in a ‘volatile’ environment.