DE EN DRIVING INNOVATION. KNORR-BREMSE ANNUAL REPORT 2020. We give you comprehensive insights. Browse through the Knorr-Bremse Annual Report 2020 website! TO THE SHAREHOLDERS Our equity strategy is based on two key principles: growing more rapidly than our target markets, and ensuring that our business model and profitability remain highly resilient. Dr. Jan Mrosik – Chairman of the Executive Board of Knorr-Bremse AG Letter of the CEO to the shareholders OUR CORPORATE STRATEGY We firmly believe that in the light of global societal megatrends such as urbanization, sustainability, digitalization and mobility, the markets for rail a… As the world market leader in braking and other systems for rail and commercial vehicles, Knorr-Bremse is a strong global partner to vehicle manufacturers and operators. Through joint ventures with our customers and partners, we aim to maintain our steady and profitable growth trajectory. Targeted acquisitions and investments in startups will also help us to expand our portfolio and strengthen our… Read more THE DIVISIONS RAIL VEHICLE SYSTEMS Incoming orders for the Rail Vehicle Systems division decreased by -13.2% year-on-year from € 4,016.7 million to € 3,485.1 million. The decrease resulted from all regions. Decreasing demand had a substantial impact in the Asia/Pacific region in particular, especially in business in India. By contrast, the order book, which stood at € 3,721.4 million as of December 31, 2020, was up on the prior-year level of € 3,573.0 million, driven mainly by the positive order situation, especially in the second half of the year. Please find here the Key Figures Rail Vehicle Systems COMMERCIAL VEHICLE SYSTEMS The Commercial Vehicle Systems division recorded a -3.2% decline in incoming orders to € 2,954.2 million (2019: € 3,050.7 million) in fiscal 2020. Adjusted for currency and acquisition effects, the decline amounted to -2.7%. This change is due to Europe and North and South America. On the other hand, there was significant growth year-on-year in the Asia/Pacific region, particularly in China. The positive demand in the second half of 2020 is also reflected in the order book, which increased by 11.9% year-on-year to € 1,269.0 million as of December 31, 2020 (2019: € 1,134.2 million). Please find here the Key Figures Commercial Vehicle Systems INNOVATIONS At Knorr-Bremse, innovations are a fundamental part of our corporate strategy and the keystone of our business success. Our goal is to continue developing products, systems and technologies that meet our customers’ evolving needs and deliver the highest added value. Our innovations set industry standards. Thanks to our technological excellence, in recent decades Knorr-Bremse has created many of the industry-defining innovations in the rail vehicle and commercial vehicle sectors. Read more MAGAZINE SUCCESS IS PLANABLE. Markets develop fast and change over time − for any number of reasons. Read more LEAVING NOTHING T… Knorr-Bremse has applied for or been granted around 11,000 individual patents. Read more EAGLE EYE. Knorr-Bremse and Israeli start-up Rail Vision are working together to produce obstacle detection systems for Autono… Read more NEW DIRECTIONS. The new Global Scalable Brake Control system, or GSBC for short, clears the way for much simpler system layo… Read more PINPOINT BRAKING. As the modal shift in favor of rail gathers momentum, rail networks are rapidly reaching the limits of their capacity, espec… Read more CRADLE OF THE FUTURE. The nameplate of Knorr-Bremse’s eCUBATOR, set by the door of a lavishly glazed office building in northern Munich,… Read more QUICKLINKS Knorr-Bremse Group website Investor Relations Knorr-Bremse locations worlwide KNORR-BREMSE HEADQUARTERS Knorr-Bremse AG Moosacher Str. 80 D-80809 München Phone: +49 89 3547-0 E-mail: info@knorr-bremse.com Contact form SOCIAL MEDIA Imprint Legal disclaimer Data protection Cookies