on Knaus Tabbert AG (isin : DE000A2YN504)
Knaus Tabbert AG Focuses on Strengthening Balance Sheet and Profitable Growth
Knaus Tabbert AG has emphasized the reinforcement of its balance sheet as a core objective, paving the way for future growth. The company reported a positive market environment with strong new registrations in the motorhome segment, specifically a 6% increase in Germany by September 2024. However, elevated financing costs continue to challenge dealers.
Efforts are underway to bolster its dealer network by supporting inventory marketing across various brands. Adjustments in production planning aim to enhance working capital optimization. Consequently, the company has revised its financial targets for 2024.
CEO Wolfgang Speck notes that these strategies are improving the company's financial health and strengthening relationships with trading partners. Knaus Tabbert is also renegotiating supplier contracts and optimizing logistics, targeting a substantial reduction in inventory to boost free cash flow by year-end.
R. P.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Knaus Tabbert AG news