Knaus Tabbert Halts Production Until Year-End: Impact on Shares?

• Knaus Tabbert AG has decided to halt production at its Jandelsbrunn and Nagyoroszi sites from November 18, 2024, until the end of the year.
• The purpose of the production stop is to reduce production volumes and align dealer inventories to a sustainable level.
• The company anticipates that its consolidated revenue for 2024 will be significantly lower than the previously communicated EUR 1.3 billion.
• The adjusted EBITDA margin statement from October 22, 2024, remains unchanged despite the revenue forecast adjustment.
• This decision is part of a strategic company measure to manage inventory levels effectively.
• The announcement is classified as inside information under Article 17 of the EU Regulation No 596/2014.

The price of Knaus Tabbert at the time of the news was 18,760EUR and was down -5,35 % compared with the previous day.
14 minutes after the article was published, the price was 15,500EUR this corresponds to a minus of -17,38 % since publication.

Knaus Tabbert

-1,50 %

-2,15 %

-1,12 %

+14,32 %

-65,95 %

-67,55 %

-79,54 %

ISIN:DE000A2YN504WKN:A2YN50

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