Knorr-Bremse AG (0KBI) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon as well as good morning, ladies and gentlemen. I hope all of you are very fine. My name is Andreas Spitzhauer, Head of Investor Relations, and I want to welcome you to Knorr Premises' presentation for the full year preliminary results of 2025. Today, Mark Listosea, our CEO, and Frank Weber, our CFO, will present the results followed by a Q&A session. The event will be recorded and is available on our homepage in the Investor Relations section afterwards. It is now my pleasure to hand over to Mark Listosea. Please go ahead. Thank you, Andreas. Ladies and gentlemen, I'm pleased that you are participating in the capital market call on our preliminary results for 2025. The most important news first. Despite geopolitical uncertainties, we were once again able to steer Knorr-Bremse successfully through a challenging year. Thanks for the stringent execution of our boost measures and the dedication and expertise of our colleagues worldwide, we strengthened existing businesses, developed new areas of growth during demanding times. Let's go to page number two. We are reporting strong financial results today. Fiscal year 2025 clearly demonstrates Knorr-Bremsen's excellence and resilience once again. With our boost strategy, we have delivered what we have announced. Phase 1 is almost completed, creating a more stronger and cleaner cost base. This now enables us to clearly shift the focus towards accelerating margin and creative growth. Boost Phase 2 centers on growth and expansion, while maintaining strict cost discipline. This means boost and the regained efficiency are not over, as management culture is here to stay and a permanent part of how we run and steer our business. Our rail division delivers strong margin accretive growth and reached its mid-term target...