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Knaus Tabbert Reports Significant Growth in the 2021 Financial Year

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Based on preliminary figures for the 2021 financial year, Knaus Tabbert AG has achieved a consolidated group revenue of EUR 863 million (previous year: EUR 795 million).  This corresponds to an increase of 8.6% compared to the previous year’s figure.

This slightly exceeded the Management Board’s revenue forecast of EUR 850 million, which was updated on November 4, 2021.

The temporary shift in production capacity from motorhomes to caravans, which have lower revenues, is reflected in the sales figures. The main reason for that was the general supply bottleneck for motorized chassis.

“The significant growth in revenue and sales underlines the attractiveness of our brands for dealers and customers. The high demand for recreational vehicles continues unbroken, which is also reflected in our order backlog of 1.3 billion EUR as of December 2021,“ Knaus Tabbert AG CEO Wolfgang Speck commented on the past year.

“The challenges along the supply chain have demanded a lot from us, our suppliers, and our customers. In the course of the fourth quarter of 2021, we were able to successively reduce the delivery backlogs of unfinished vehicles.”

In detail, revenues in the luxury segment increased by 13.7% from EUR 107 million to EUR 122 million in the 2021 financial year. 501 vehicles were invoiced, compared to 452 in the previous year. A plus of 10.8%.

In the Premium segment, revenue increased by 7.8% from EUR 687 million in 2020 to EUR 741 million in the past year. Sales even increased by 11.3% from 23,897 motorhomes, caravans, and vans to 26,588 units. These figures reflect the temporary shift in production from motorhomes to caravans, which were less affected by supply bottlenecks.

“In many industries, 2021 was characterized by strained supply chains. Our flexible production planning across locations allowed us to react quickly to the unavailability of various materials at short notice and bring forward other orders,“ Speck continued. „This allowed us to significantly reduce the overall impact on our business and achieve optimization along the value chain.”

The audited consolidated financial statements of Knaus Tabbert AG will be published on March 30, 2022.

About Knaus Tabbert

Knaus Tabbert AG is a leading manufacturer of leisure vehicles in Europe with headquarters in Jandelsbrunn, Lower Bavaria. It also has locations in Mottgers and Schlüsselfeld in Germany, and in Nagyoroszi in Hungary.

The company has been listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000A2YN504) since September 2020. With its brands KNAUS, TABBERT, [email protected], WEINSBERG, MORELO, and its caravanning rental service RENT AND TRAVEL, the company generated revenues of nearly 800 million euros and produced more than 24,000 recreational vehicles with a workforce of approximately 3,000 in 2020.
For further information, please visit www.knaustabbert.de.

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