16/05/2022

16 May 2022
16 May 2022, Comments Comments Off on KABE Group AB reports 24% increase in sales in first quarter of 2022
KABE Group AB reports 24% increase in sales in first quarter of 2022

The KABE Group AB held its AGM and issued its results for the first quarter of 2022 last week, reporting net sales SEK 866 M (696), an increase of 24%. For comparable units, sales increased by 13%. Profit for the period amounted to SEK 55 M (48). Operating profit amounted to SEK 68 M (52), and the operating margin was 7.9% (7.5). For comparable units, operating profit increased by 17%.

KABE Group’s results for the first quarter reflect the long-term positive market trends. The higher volumes have affected profitability positively, however, its spring production has suffered from supply chain issues. A large part of the period has been marked by measures introduced as a result of the Covid-19 pandemic. KABE has contributed financially to help the situation in Ukraine, and employees at its Polish operations are carrying out humanitarian operations in the immediate area. KABE warns that the war has contributed to rising costs for raw materials, energy and shipping so it may need to further adjust our prices if this trend continues. Also shutdowns in China following new Covid-19 outbreaks have led to further concerns, uncertainty and increased costs.

KABE Group’s main business consists of the manufacture and sale of caravans and mobile homes as well as camping accessories for the European market through the brands KABE, Adria, Affinity and Coachman and KAMA Fritid. KABE is the largest and leading Nordic manufacturer of caravans and motorhomes. Adria is the Nordic region’s largest importer and market leader in both caravans and mobile homes. Affinity Camper Vans are manufactured in Poland for the Scandinavian and European markets. Coachman is one of the leading manufacturers of caravans in the premium segment in England. KAMA Fritid is the Nordic region’s largest accessories wholesaler in the caravan and motorhome industry. KABE Group has been constantly developed since its inception in 1957 and is today an international group with production in Sweden, Great Britain and Poland, and sales in 14 markets in Europe

The full report for the first quarter of 2022 is available to download (in Swedish) from here: https://mb.cision.com/Main/1026/3563974/1579002.pdf