EQS-News
Knaus Tabbert publishes 2026 half-year financial report
Für Sie zusammengefasst
- Earnings improved despite lower first-half revenue
- Adjusted EBITDA margin rose to 7.1 percent
- 2026 revenue guidance stays near EUR 950 million
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EQS-News: Knaus Tabbert AG / Key word(s): Half Year Report |
Knaus Tabbert AG improved its earnings performance in the first half of 2026 compared with the prior-year period. In an environment that remains challenging, the measures implemented to adjust the
cost base together with higher total operating performance had a particularly positive effect on profitability. At the same time, market demand remained subdued, with retailers continuing to order
cautiously.
Group revenue amounted to EUR 503.9 million in the first six months of 2026, compared with EUR 571.7 million in the prior-year period, representing a decline of 11.9%. Unit sales decreased by 8.0% to 10,551 vehicles. While sales of motorhomes and caravans were below the prior-year level, camper van sales increased by 7.1%.
The decline in revenue reflects not only lower sales volumes but also the high comparative base in the previous year, which benefited significantly from the sale of vehicles produced in earlier periods. Despite lower revenue, total operating performance increased by 2.5% to EUR 519.4 million. This was primarily driven by the change from a significant inventory reduction in the prior-year period to a positive change in inventories during the first half of 2026.
Adjusted EBITDA increased to EUR 36.0 million, compared with EUR 22.7 million in the prior-year period. The adjusted EBITDA margin improved from 4.0% to 7.1%. Adjusted EBIT rose to EUR 22.5 million, up from EUR 4.4 million in the previous year. Net profit for the first half of the year amounted to EUR 11.5 million, compared with a net loss of EUR 4.8 million in the prior-year period.
„Our performance in the first half of the year demonstrates that the measures we have implemented are delivering operational improvements. At the same time, market conditions remain challenging. We therefore continue to focus on the consistent execution of our measures, maintaining flexible production management and further strengthening our competitiveness,“ says Thomas Nickel, Chief Executive Officer of Knaus Tabbert AG.
Group revenue amounted to EUR 503.9 million in the first six months of 2026, compared with EUR 571.7 million in the prior-year period, representing a decline of 11.9%. Unit sales decreased by 8.0% to 10,551 vehicles. While sales of motorhomes and caravans were below the prior-year level, camper van sales increased by 7.1%.
The decline in revenue reflects not only lower sales volumes but also the high comparative base in the previous year, which benefited significantly from the sale of vehicles produced in earlier periods. Despite lower revenue, total operating performance increased by 2.5% to EUR 519.4 million. This was primarily driven by the change from a significant inventory reduction in the prior-year period to a positive change in inventories during the first half of 2026.
Adjusted EBITDA increased to EUR 36.0 million, compared with EUR 22.7 million in the prior-year period. The adjusted EBITDA margin improved from 4.0% to 7.1%. Adjusted EBIT rose to EUR 22.5 million, up from EUR 4.4 million in the previous year. Net profit for the first half of the year amounted to EUR 11.5 million, compared with a net loss of EUR 4.8 million in the prior-year period.
„Our performance in the first half of the year demonstrates that the measures we have implemented are delivering operational improvements. At the same time, market conditions remain challenging. We therefore continue to focus on the consistent execution of our measures, maintaining flexible production management and further strengthening our competitiveness,“ says Thomas Nickel, Chief Executive Officer of Knaus Tabbert AG.
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