EQS-News

KNAUS TABBERT CLOSES THE 2023 FINANCIAL YEAR SUCCESSFULLY AND PROPOSES A DIVIDEND OF EUR 2.90 PER SHARE

EQS-News: Knaus Tabbert AG / Key word(s): Dividend/Annual Report KNAUS TABBERT CLOSES THE 2023 FINANCIAL YEAR SUCCESSFULLY AND PROPOSES A DIVIDEND OF EUR 2.90 PER SHARE 28.03.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Group revenue increases by 37.3% to EUR 1,441 million in the 2023 financial year Adjusted EBITDA increases even disproportionately to revenue by 76.4% to EUR 123.8 million Significant increase in dividend - proposed dividend of EUR 2.90 per share Stable development at a high level expected for 2024  Jandelsbrunn. Driven by the high demand for leisure vehicles of all Knaus Tabbert Group brands and the multi-brand strategy for chassis, Knaus Tabbert was able to increase Group revenue to EUR 1.4 billion in the 2023 financial year.

Overall, consolidated Group revenue increased by 37.3 percent to EUR 1,441 million in the 2023 financial year (previous year: EUR 1,050 million). In the past financial year, 18,584 motorhomes and camper vans (previous year: 11,426) and 12,029 caravans (previous year: 18,130) were sold across the Group. A total of 30,613 vehicles were invoiced.

"The interest in caravanning and, in particular, in leisure vehicles from our five Group brands is also reflected in the continued high order backlog of around one billion euros at the end of the year," comments Wolfgang Speck, CEO of Knaus Tabbert AG, on the past year. "With the growth in revenue in 2023, we have also taken a significant step towards achieving our growth and earnings targets by 2027."

The strong growth was largely driven by the high availability of chassis - the result of the multi-brand strategy. Revenue of motorhomes rose by 64.7% to EUR 817 million and sales of camper vans by 75.9% to EUR 345.1 million, bringing the total for motorized leisure vehicles to EUR 1,162 million.

The easing in the supply chains and the positive cost development in relation to overall output (economies of scale), particularly in the area of personnel, are also reflected in the development of the operating result, which grew disproportionately to revenue.