KNAUS TABBERT - Revenue and earnings in the first quarter of 2025 characterized by production break until the end of January 2025

EQS-News: Knaus Tabbert AG / Key word(s): Quarterly / Interim Statement/Forecast KNAUS TABBERT - Revenue and earnings in the first quarter of 2025 characterized by production break until the end of January 2025 14.05.2025 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. ● Destocking as the main driver of the positive trend in working capital - free cash flow of EUR 14.6 million

● Significant cost savings and reduction in headcount implemented

● Outlook for 2025 confirmed

At the end of the 2024 financial year, a comprehensive program was launched to adjust costs and production capacities across the entire Group to the expected normalized market demand. This organizational and structural realignment is intended to position Knaus Tabbert in such a way that the company can continue to assert itself as a leading manufacturer of leisure vehicles in a normalized market environment. This also includes a significant adjustment of the cost base in the 2025 financial year. The most important cost measures include the implementation of efficiency measures in production, the adjustment of headcount and the number of temporary workers as well as the use of short-time work, savings in other operating expenses and the optimization of the product portfolio.

Revenue and earnings

Knaus Tabbert recorded a 21.5% decline in consolidated turnover to EUR 295.6 million in the first three months of the 2025 financial year (previous year: EUR 376.7 million). The significant decline in revenue is mainly due to the interruption in production and the reduced production volume compared to the same period of the previous year. However, this development is in line with the expected return to a normalized demand and sales trend. Significant revenue also results from the reduction of vehicle inventories that were already produced in the 2024 financial year and before. Inventories of finished goods and work in progress (change in inventories) decreased by EUR 55.5 million in the first three months of 2025 (previous year: increase of EUR 9.1 million).