Knaus Tabbert AG Updates 2024 Financial Year Forecast

On July 17, 2024, Knaus Tabbert AG announced an update to its financial forecast for the year 2024. The company now projects consolidated revenues between EUR 1.3 billion to EUR 1.4 billion, down from the previously expected EUR 1.4 billion to EUR 1.55 billion. The adjusted EBITDA margin is also revised to 7.0% to 8.0%, from the earlier estimate of 8.0% to 9.0%.

The revision comes despite a generally positive market environment. A significant increase in financing costs, which have risen up to 8% following a decade of low interest rates, is posing challenges for more than 500 trade partners. To address this, Knaus Tabbert plans to support the marketing of its inventory and extend the scheduled plant holidays in August by eight working days, effectively reducing production output temporarily.

This strategic move aims to lower dealer inventory and mitigate the high interest burden over the coming months.