Knaus Tabbert AG Updates 2024 Financial Forecast

Knaus Tabbert AG has revised its financial outlook for the year 2024. Despite a consistently favorable market environment, the company faces challenges due to increased financing costs impacting dealers' inventory financing. Consequently, Knaus Tabbert has decided to adjust its production plans and focus on active inventory marketing for the remainder of the year.

The updated forecast anticipates a consolidated revenue of EUR 1.3 billion for 2024. However, the company expects its adjusted EBITDA margin to fall significantly below the previously projected range of 7.0% to 8.0%, as announced on July 17, 2024. These adjustments underscore the evolving financial landscape and the strategic measures Knaus Tabbert is undertaking to navigate these challenges.