Knaus Tabbert Reports Strong Start to 2024 with Significant Earnings Increase

Knaus Tabbert AG commenced the 2024 financial year with robust performance, noting a substantial 18.5% increase in adjusted EBITDA which amounted to EUR 38.8 million in the first quarter. Revenue also saw a moderate rise of 2.2%, reaching EUR 376.7 million compared to the previous year. The company credits this positive trend to growth across all its segments, including premium and luxury ranges of leisure vehicles, amounting to EUR 327.7 million and EUR 49.0 million respectively.

CEO Wolfgang Speck highlighted the continued demand for leisure vehicles in Europe, underscored by high new registration numbers. The Company confirmed its 2024 forecast, expecting revenue between EUR 1.4 billion and EUR 1.55 billion, with projected adjusted EBITDA margins between 8% and 9%. Additionally, Knaus Tabbert plans to propose an increased dividend of EUR 2.90 per share at the upcoming Annual General Meeting, reflecting its strong financial results in 2023.