Knorr-Bremse Aktiengesellschaft
ISIN: DE000KBX1006
WKN: KBX100
24 September 2024 07:45AM

EQS-News: Knorr-Bremse Aktiengesellschaft: Knorr-Bremse Issues First Green Bond

Knorr-Bremse Aktiengesellschaft · ISIN: DE000KBX1006 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1993875

EQS-News: Knorr-Bremse Aktiengesellschaft / Key word(s): Bond/Bond
Knorr-Bremse Aktiengesellschaft: Knorr-Bremse Issues First Green Bond

24.09.2024 / 07:45 CET/CEST
The issuer is solely responsible for the content of this announcement.


 

Knorr-Bremse Issues First Green Bond

  • Knorr-Bremse AG issues a dual-tranche bond with maturities of five and eight years with a total volume of 1,100 million Euro
  • Knorr-Bremse’s 8-year inaugural Green Bond will allocate 500 million Euro proceeds to eligible green projects
  • Proceeds from the 5-year 600 million Euro Bond will be used for general corporate purposes including the partial refinancing of the Bond maturity in 2025
  • The transaction was met with strong interest from investors and was significantly oversubscribed

Munich, September 24, 2024 – Yesterday, Knorr-Bremse AG issued a dual-tranche bond amounting to 1,100 million Euro. The transaction included Knorr-Bremse’s inaugural Green Bond. The company is thus continuing to grow its focus on sustainability into its capital market financing.

Frank Markus Weber, Chief Financial Officer of Knorr-Bremse AG: “Our dual-tranche Bond issuance, including Knorr-Bremse’s first Green Bond, is a complete success. It is an indication that we are on the right track. Using the funds from the Green Bond, we will push ahead with our sustainability plans and strengthen our position as a trailblazer of sustainability and green mobility for our customers. The major interest of investors emphasizes the strong confidence in our strategy.”

The 8-year bond has a volume of 500 million Euro and the annual coupon amounts to 3.250 percent. The proceeds of this tranche are intended to be allocated to green eligible projects, as described in the Green Financing Framework, published on August 23, 2024. This includes projects across four eligible green categories: clean transportation, renewable energy, energy efficiency and green buildings. The framework was evaluated by Moody’s Investor Services (Moody’s) in form of a Second Party Opinion. Moody’s assigned an SQS2 Sustainability Quality Score (very good), which confirms that the framework is in line with ICMA Green Bond Principles and LMA Green Loan Principles and also that it demonstrates a significant contribution to sustainability.

The 5-year bond has a volume of 600 million Euro and the annual coupon amounts to 3.000 percent. The proceeds of this tranche are intended for general corporate purposes, including the partial financing of the acquisition of the conventional rail signaling business of Alstom Signaling North America. In addition, parts of the proceeds will be used for the refinancing of existing liabilities maturing in 2025.

 

Media contact:

Claudia Züchner | Spokesperson Financial Communications | Knorr-Bremse AG

T +49 89 3547 2582; E claudia.zuechner@knorr-bremse.com

Contact Investor Relations:

Andreas Spitzauer | Head of Investor Relations | Knorr-Bremse AG

T +49 89 3547 182 310; E andreas.spitzauer@knorr-bremse.com 

 

About Knorr-Bremse

Knorr-Bremse (ISIN: DE000KBX1006, ticker symbol: KBX) is the global market and technology leader for braking systems and a leading supplier of other rail and commercial vehicle systems. Knorr-Bremse’s products make a decisive contribution to greater safety and energy efficiency on rail tracks and roads around the world. 33,000 employees at over 100 locations in approximately 30 countries develop and produce innovative solutions and services that meet the highest technological standards. In 2023, Knorr-Bremse’s two divisions together generated revenues of approximately € 7.9 billion. For almost 120 years, the company has been at the cutting edge of its industries, driving innovation in mobility and transportation technologies with a leading edge in connected system solutions. Knorr-Bremse is one of Germany’s most successful industrial companies and profits from the key global megatrends: urbanization, sustainability, digitalization, and mobility.
 

DISCLAIMER

This publication has been independently prepared by Knorr-Bremse AG. It may contain forward-looking statements which address key issues such as strategy, future financial results, events, competitive positions, and product developments. These forward-looking statements – like any business activity in a global environment – are always associated with uncertainty. They are subject to a number of risks, uncertainties, and other factors, including, but not limited to, those described in Knorr-Bremse’s disclosures. Should one or more of these risks, uncertainties or other factors materialize, or should underlying expectations not occur or should assumptions prove incorrect, the actual results, performances, or achievements of Knorr-Bremse may vary materially from those described in the relevant forward-looking statements. Such forward-looking statements may be identified by words such as “expect,” “want,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. Knorr-Bremse does not intend, nor does it assume any obligation, to update or revise its forward-looking statements regularly in light of developments which differ from those anticipated.

This publication may include supplemental financial measures – not clearly defined in the applicable financial reporting framework – that are or may be alternative performance measures (non-GAAP measures). Knorr-Bremse’s financial position, financial performance, and cash flows should not be assessed solely on the basis of these alternative supplemental financial measures. Under no circumstances do they replace the performance indicators presented in the consolidated financial statements and calculated in accordance with the applicable financial reporting framework. The calculation by other companies that report or describe similarly titled alternative performance measures may vary despite the use of the same or similar terminology.

 



24.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Knorr-Bremse Aktiengesellschaft
Moosacher Str. 80
80809 Munich
Germany
Phone: +49 89 3547 0
E-mail: investor.relations@knorr-bremse.com
Internet: https://ir.knorr-bremse.com
ISIN: DE000KBX1006
WKN: KBX100
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Vienna MTF)
EQS News ID: 1993875

 
End of News EQS News Service

1993875  24.09.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 6.615,80 6.936,53 6.156,75 6.705,64 7.149,74 7.925,61 7.900,00
EBITDA1,2 1.178,04 1.328,69 1.106,90 1.206,51 1.045,61 1.221,04 1.310,00
EBITDA-Margin3 17,81 19,16 17,98 17,99 14,62 15,41 16,58
EBIT1,4 972,47 1.062,91 814,00 916,07 721,26 869,87 951,00
EBIT-Margin5 14,70 15,32 13,22 13,66 10,09 10,98 12,04
Net Profit (Loss)1 629,44 632,02 532,17 647,37 506,26 576,20 631,00
Net-Margin6 9,51 9,11 8,64 9,65 7,08 7,27 7,99
Cashflow1,7 725,53 985,79 1.035,99 975,49 541,55 914,59 0,00
Earnings per share8 3,68 3,65 3,07 3,85 3,03 3,43 3,97
Dividend per share8 1,75 1,80 1,52 1,85 1,45 1,64 1,75
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: KPMG

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Knorr-Bremse
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
KBX100 DE000KBX1006 AG 11.130,86 Mio € 12.10.2018 Kaufen 8FWH5GPW+HH
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
16,64 22,37 0,74 19,59 4,33 12,17 1,40
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
1,45 1,64 1,75 2,53%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
30.04.2025 08.05.2025 17.08.2025 31.10.2024 21.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,88%
69,05 €
ATH 117,24 €
-8,47% -5,42% +17,43% +17,39% -13,69%

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