Knorr-Bremse AG (0KBI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Knorr-Bremse's conference call for the second quarter twenty twenty six results. This conference is being recorded. At this time, all participants have been placed on a listen only mode. The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Andreas Spitzawa, Head of Investor Relations. Thank you, operator. Good afternoon as well as good morning, ladies and gentlemen. I hope all of you are very fine. My name is Andreas Spitzsauer, Head of Investor Relations. I want to welcome you to Knorr-Bremse's presentation for the second quarter results of 2026 and our midterm update. Today, Markus Dessea, our CEO and Frank Weber, our COO, will present the results of Knorr-Bremsev followed by a Q and A session. A conference call will be recorded and is available on our homepage in the Investor Relations section. It is now my pleasure to hand over to Markus Dusseer. Please go ahead. Thank you, Mr. Spitzer. The passport was very strong for Brenzan. By the way, I assume that most of you in the call, I will see tomorrow anyway. So it's a little bit redundant. Hopefully, we can share them the time with some additional questions and discussions. Both Rail and Truck contributed to the good performance. Organic growth accelerated in RVS, while CVS benefited from the successful execution of the transformation measures as shown by organic revenue growth and increase in profitability. Given the first half year results of 2026 and the positive outlook for year end, we increased our full year 2026 guidance. We have also successfully signed the agreement for the sale of our HVAC, as always told, and expect the closing of the deal by the end of this year. With this transaction, we have completed exactly our sellout program that w...