DGAP-News

Knaus Tabbert grows and achieves top adjusted EBITDA result in challenging economic environment - Seite 3

Accelerated growth in Q3 2020

In the third quarter 2020, Knaus Tabbert achieved revenues of €213.8 million (2019: €160.2 million), an increase of 33.5%. In addition to the overall strong development of the company, the significant year-on-year increase is also due to catch-up effects resulting from the temporary corona-related closures this spring at Knaus Tabbert and its dealer network. Including changes in inventories, total operating performance rose by 31% to €217.9 million (previous year: €166.1 million). Adjusted EBITDA also grew significantly to €13.7 million (previous year: €7.8 million). This resulted in an adjusted EBITDA margin of 6.3%, a rise of 1.6 percentage points over the previous year. The strong growth was also reflected in EBIT, which climbed to €8.9 million (previous year: €3.1 million), resulting in an EBIT margin of 4.1% (previous year: 1.9%). Overall, net profit was €5.8 million in Q3 2020 (previous year: €1.6 million).

"Our successful IPO was the most important milestone in Q3," says Knaus Tabbert CFO Marc Hundsdorf. "We significantly expanded our shareholder base and collected additional funds, which we have started to allocate. We have already started to lay the foundations for the expansion of our production capacity at our factory in Hungary and are thus preparing for further growth."

Shareholders' equity rose from €103.3 million to €113.6 million as a result of the IPO, an increase of 10%. The equity ratio rose accordingly to 35.6% (previous year: 29.9%).

High demand and successful presence at Caravan Salon trade fair in Dusseldorf push order volume to a record 22,300 vehicles

With 22,327 vehicles (previous year: 13,834), corresponding to an order volume worth around €656 million (2019: €411 million), Knaus Tabbert had a record order volume as of the reporting date, which provides planning security well into the 2021 fiscal year.

Besides the effects of the temporary reduction in value-added tax in Germany, incoming orders at this year's Caravan Salon, which took place under challenging conditions, also contributed to the well-filled order book. The world's largest trade fair for motor homes, caravans and camping took place in Dusseldorf in September under strict hygiene and safety standards. The company's broad range of vehicles across all segments - from the classic T@B and WEINSBERG, KNAUS and TABBERT brands to the upscale luxury class of the MORELO brand - met with a great response at the fair.