13/06/2023

13 June 2023
13 June 2023, Comments Comments Off on KABE Group AB interim report shows 21% increase in net sales in first quarter of 2023
KABE Group AB interim report shows 21% increase in net sales in first quarter of 2023

The KABE Group AB, the Swedish motorhome and caravan manufacturer) achieved an increase in net sales of 21 percent to an all-time high of SEK 1,046 m, with an operating profit of SEK 78 m (+15 percent). This was the first time ever that the Group’s net sales exceeded one billion Kroner in a single quarter.

It held its Annual General Meeting last month at its premises in Tenhult where it passed all proposals presented by the Board of Directors and the Nomination Committee.

Delays of caravans, mobile homes and vans from the factory in Slovenia have continued to affect its ability to meet customer demand.

Kabe says that thanks to the increased demand for our products outside Scandinavia, together with a stronger dealer network, KABE is a more diversified and stable group. Ours increased internationalization has greatly improved our opportunities to actively control our production and adapt to each market
demand.

Commenting on its report, KABE commented: This improved business composition resulted in a lower exposure to individual markets and created conditions for higher growth and increased continuity in volatile periods. This is clearly in the quarter when the current macroeconomic situation contributed to a decrease in demand, but that the increase in sales outside of Scandinavia led to us having a wider base to meet the more challenging market situation. This has contributed to that we report a good result while adapting to them prevailing market conditions. To further strengthen our position is it is of significant importance to continue to focus on following our strategic orientation towards increased internationalization with the objective to always be one step ahead of current product development and innovation. Delivery disruptions of input materials have started to decrease during the period. We also continue with full force to implement measures to reduce the capital tie-up. The measures have started to give effect, it will however take time to balance the stocks as we as a result of the supply disruptions have fallen out of sync with regard to deliveries of raw materials and production volumes. The stock build-up consists exclusively of products sold to retailers as well as chassis for mobile homes and vans without risk of obsolescence.

Read the interim report January – March 2023 here: https://lnkd.in/d8Vget3u