Annual Report 2012 - Knorr-Bremse AG.

Report
Despite a volatile business environment, Knorr-Bremse was able to
close its books on a positive year in 2012 and again posted sales of
more than EUR 4 billion. As this shows, the Group with its two divisions,
Rail Vehicle Systems and Commercial Vehicle Systems, has the
right products to meet the often very special requirements of its
customers. Together with a globally-oriented strategy founded on
broad-based positioning in a large number of markets, in 2012 this
again brought the Group outstanding ratings from two prominent
rating agencies. Knorr-Bremse was able to not only reinforce its
position in its traditional markets in the year under review but also
gain a firm, long-term foothold in new marketplaces.
For Knorr-Bremse, 2012 was a year marked not least by the introduction
of new corporate values. “Entrepreneurship”, “Technological
Excellence”, “Reliability”, “Passion” and “Responsibility” are the values
that describe Knorr-Bremse and guide the way the company does
business, each and every day.