Knaus Tabbert AG Maintains Positive Growth Trajectory in Q1 Report

First Berlin Equity Research released its latest analysis on Knaus Tabbert AG (ISIN: DE000A2YN504), reaffirming a "BUY" recommendation with a target price of €86. Following an exceptional growth rate of 37% in 2023, the company reported a modest 2% increase in Q1 revenue year-over-year. This performance counters the assumption that last year’s surge—fueled by a rapid increase in chassis deliveries—was an anomaly.

The Q1 report highlighted a normalized order book valued at €621 million at quarter's end, suggesting stability after the previous year's expansion. With orders for the 2025 model year expected to bolster the order book further, the company appears well-positioned for continued growth. Notably, the January-to-March period saw strong earnings, underscored by a double-digit AEBITDA margin of 10.3%. The ongoing demand for the caravanning lifestyle is likely to support further positive developments.