Knaus Tabbert AG publishes new outlook for fiscal year 2021

Knaus Tabbert AG / Key word(s): Forecast/Change in Forecast
Knaus Tabbert AG publishes new outlook for fiscal year 2021

04-Nov-2021 / 06:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

- Sales growth of 7% to EUR 850 million expected
- Adjusted EBITDA margin expected to be around 7%
- Operating business strongly impacted by difficulties along the supply chains

After an excellent business performance in the first half of 2021, with sales of EUR 442 million, up 23% year-on-year, and an adjusted EBITDA margin of 10.1%, the Management Board of Knaus Tabbert AG was required on September 30, 2021 to revise the outlook for the 2021 financial year due to unpredictable supply difficulties along the supply chains. At the end of the third quarter and based on the information currently available on the further supply situation on the supplier side, the Management Board now sees itself in a position to provide an revised outlook for the 2021 financial year. Accordingly, the company expects consolidated sales to increase by 7% to around EUR 850 million (previous year: EUR 794.6 million) and an adjusted EBITDA margin of around 7% (previous year: 8.5%). This outlook is subject to the condition that no new, unexpected difficulties arise along the supply chains, in production and in the completion and delivery of products.

04-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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