Financial news

Knaus Tabbert with significant growth in the 2021 financial year

KNAUS TABBERT AGpublished at 10.02.2022 at 15:30
  • 8.6 percent increase in revenue to EUR 863 million
  • Double‐digit increase in sales figures to 27,089 units

Based on preliminary figures for the 2021 financial year, Knaus Tabbert AG has achieved a consolidated group revenue of EUR 863 million (previous year: EUR 795 million).  This corresponds to an increase of 8.6 percent compared to the previous year’s figure. This slightly exceeded the Management Board’s revenue forecast of EUR 850 million, which was updated on 4 November 2021.

The temporary shift in production capacity from motorhomes to caravans, which have lower revenues, is reflected in this sales figures. The main reason for that was the general supply bottleneck for motorised chassis.

"The significant growth in revenue and sales underlines the attractiveness of our brands for dealers and customers. The high demand for recreational vehicles continues unbroken, which is also reflected in our order backlog of 1.3 billion EUR as of December 2021,“ comments Wolfgang Speck, CEO of Knaus Tabbert AG on the past year. „The challenges along the supply chain have demanded a lot from us, our suppliers and our customers. In the course of the fourth quarter of 2021, we were able to successively reduce the delivery backlogs of unfinished vehicles."

In detail, revnues in the luxury segment increased by 13.7 per cent from EUR 107 million to EUR 122 million in the 2021 financial year. 501 vehicles were invoiced, compared to 452 in the previous year. A plus of 10.8 percent.

In the Premium segment, revenue increased by 7.8 percent from EUR 687 million in 2020 to EUR 741 million in the past year. Sales even increased by 11.3 percent from 23,897 motorhomes, caravans and vans to 26,588 units. These figures reflect the temporary shift in production from motorhomes to caravans, which were less affected by supply bottlenecks.

"In many industries, 2021 was characterised by strained supply chains. Our flexible production planning across locations allowed us to react quickly to the unavailability of various materials at short notice and bring forward other orders,“ Speck continued. „This allowed us to significantly reduce the overall impact on our business and achieve optimisation along the value chain."

in mill. EUR
2020
2021
Change in %
Total
795
863
8,6%
Luxury segment
107
122
13,7%
Premium segment
687
741
7,8 %

Unites
2020
2021
Change in %
Total
24.349
27.089
11,3%
Luxury segment
452
501
10,8%
Premium segment
23.897
26.588
11,3%

Units
2020
2021
Change in %
Total
24.349
27.089
11,3%
there of caravans
12.705
14.498
14,1%
there of van conversions
4.627
5.478
18,4%
there of mobilehomes
7.017
7.113
1,4%

The audited consolidated financial statements of Knaus Tabbert AG will be published at 30 March 2022.

About the Knaus Tabbert AG

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 850 million euros and produced more than 25,000 recreational vehicles with a workforce of approximately 3,500.

Contact

Manuel Taverne - Investor Relations

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

 

 

Stefan V. Diehl - Media relation

Knaus Tabbert AG
Helmut‐Knaus‐Str. 1
D‐94118 Jandelsbrunn

Phone: +49 8583 21 – 300
Fax: +49 8583 21 – 550
E‐Mail: s.diehl@knaustabbert.de