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Production of Knaus Tabbert motorhomes in Jandelsbrunn near Passau

Photo: Andreas Gebert / REUTERS

Caravan and motorhome manufacturer Knaus Tabbert has raised its forecast for this year. Because the prices of material purchasing have risen much more slowly than expected, the company will be more profitable in the current year than last expected, Knaus Tabbert announced on Wednesday in Jandelsbrunn (near Passau). The share, which has only been listed on the stock exchange since autumn 2020, rose by almost ten percent.

In addition, the Management Board specified its sales forecast at EUR 1.35 billion to EUR 1.45 billion. That would be a strong increase after Knaus Tabbert exceeded the billion mark for the first time last year. Compared to 2020, it would even almost double: At that time, sales had amounted to 795 million euros. The previous forecast for 2023 had only spoken of "strong sales growth".

In terms of sales, Knaus Tabbert aims to earn 8.5 to 9 percent before interest, taxes, depreciation and amortization and special items (Ebitda) in the current year. Previously, the company had held out the prospect of a margin of 7.5 percent to 8.5 percent.

Stock price has not yet recovered

According to the updated forecast, the Group now expects adjusted operating profit of between around 115 million euros and just over 130 million euros. In 2022, Knaus Tabbert had sales of just over one billion euros and earned around 70 million euros from operations.

Knaus-Tabbert shares rose by almost ten percent to 57 euros in early trading on Wednesday. The company is thus valued at almost 600 million euros. Major shareholders are the two investment companies H.T.P. Investments and Catalina Capital Partners, which hold 41 percent and 25 percent respectively.

However, the price is still slightly below the issue price of 58 euros. In the first few months after the stock market debut, the price had risen to more than 70 euros before crashing to 23 euros last summer. However, the share price has recently risen significantly from this setback.

beb/dpa