{
  "id": 12591210,
  "title": "Knorr-Bremse at IIF: growth plan leans on rail, trucks",
  "url": "https://urgent.news/2026/10/07/knorr-bremse-at-iif-growth-plan-leans-on-rail-trucks",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-07T09:07:26.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/knorrbremse-at-iif-growth-plan-leans-on-rail-trucks-93CH-4935919"
  },
  "original_language": "en",
  "account": "On Wednesday, October 7, 2026, Knorr-Bremse AG (KBX) utilized the 20th International Investment Forum (IIF) to present a long-term growth strategy. The German-based company, a leading manufacturer of braking systems for rail and commercial vehicles, discussed its plans to expand into new markets and improve margins. Despite challenges such as weak demand in China, inflation, and the loss of Russian business, Knorr-Bremse remains focused on growth opportunities and resilience.\n\nThe company currently holds a dominant position in the global rail braking market, accounting for approximately 55% of the market, and a substantial share in the truck braking market with around 23%. Aftermarket sales make up more than 45% of total revenue, with higher margins compared to original equipment sales. Management aims to achieve a revenue of 10 billion euros and an operating EBIT margin of 16% by 2030.\n\nKey areas of growth for Knorr-Bremse include rail signaling, energy technologies, digitalization, AI, and autonomous vehicle content. The company has more than 120 years of experience, employing approximately 30,000 people across more than 100 production facilities in 30 countries. Rail Vehicle Systems generates 55% of revenue, while Commercial Vehicle Systems accounts for 45%.\n\nKnorr-Bremse holds a duopoly in the rail braking market with Wabtec, together controlling about 80% of the market. In the truck segment, the company is the leading player, followed by WABCO, now part of ZF Friedrichshafen. The company's \"local for local\" production model helps mitigate supply chain and geopolitical risks.\n\nThe BOOST strategy program, launched in 2023, played a crucial role in stabilizing the company after a challenging period. Under this program, five underperforming businesses were divested, including two in the rail division and three in the truck division. A U.S. signaling business was acquired in September 2024. Streamlining production structures and improving processes have also contributed to efficiency gains.\n\nLooking ahead, Knorr-Bremse set targets for 2030, including a revenue goal of 10 billion euros, an operating EBIT margin of 16%, and a return on capital employed above 25%. The company aims to grow faster than its end markets, with rail markets expected to grow by 3% to 4% annually and commercial vehicle markets growing by about 1% annually. Knorr-Bremse plans to achieve this growth through organic initiatives, acquisitions, disciplined capital allocation, and a focus on margin-driven growth fields.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}