Knaus Tabbert AG strengthens financial flexibility

Group // Press release

published on 16.12.2021 at 13:45 pm

Following its IPO in 2020, Knaus Tabbert AG is taking a further step towards financial flexibility and has signed a syndicated loan with its long‐term partners Commerzbank AG, Raiffeisenlandesbank Oberösterreich and Norddeutsche Landesbank with a total volume of 150 million euros. This also includes an option to increase the loan by up to 30 million euros. As in previous years, Commerzbank AG is acting as syndicate leader.

An expected doubling of new registrations of recreational vehicles by 2025 and the strong market positioning of the Knaus Tabbert Group in the most important European markets enable the further implementation of a sustainable growth strategy.
This requires stable and flexible financing of the working capital.

"This instrument is an ideal fit for our fast‐growing group. Knaus Tabbert is a leading company in the production of recreational vehicles for the European market. The financing volume of the concluded agreement allows us to face the requirements of the growth and the market of the next years in an optimal way, says Marc Hundsdorf, CFO of the Knaus Tabbert Group.

The current financing arrangement replaces the previous agreement and has a basic term of 3 years with optional extensions.

About Knaus Tabbert

Knaus Tabbert AG is a leading manufacturer of leisure vehicles in Europe with headquarters in Jandelsbrunn, Lower Bavaria. It also has locations in Mottgers and Schlüsselfeld in Germany, and in Nagyoroszi in Hungary. The company has been listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000A2YN504) since September 2020. With its brands KNAUS, TABBERT, T@B, WEINSBERG, MORELO and its caravanning rental service RENT AND TRAVEL, the company generated revenues of nearly 800 million euros and produced more than 24,000 recreational vehicles with a workforce of approximately 3,000 in 2020.
For further information, please visit www.knaustabbert.de

Contact

Manuel Taverne
Phone: +49 152 020 929 09
E‐Mail: m.taverne@knaustabbert.de