13/05/2024

13 May 2024
13 May 2024, Comments Comments Off on Knaus Tabbert increases turnover by 2.2% in Q1 2024
Knaus Tabbert increases turnover by 2.2% in Q1 2024

The Knaus Tabbert Group increased its revenue by 2.2% to €376.7 million in the first quarter of 2024 (previous year: €368.5 million).

The Group continues to have a solid order backlog of around €621 million as at the reporting date of 31 March 2024 – measured against the revenue forecast for 2024 as a whole.

‘The start to 2024 is characterised by a positive development of the leisure vehicle market in Europe. Record figures for new registrations impressively confirm this,’ comments Wolfgang Speck, CEO of Knaus Tabbert AG, on the start to the 2024 financial year. “Our order backlog as of the end of March, the product innovations planned for the 2025 model year and the launch of a new brand give us the necessary planning security and confidence for the 2024 financial year.”

In the first three months of the 2024 financial year, Knaus Tabbert achieved an increase in sales in all business segments. €327.7 million of Group sales were attributable to the premium segment (previous year: €323.1 million), while a further €49.0 million (previous year: €45.5 million) was attributable to the luxury segment. Group sales resulted mainly from the sale of recreational vehicles. Aftersales, which mainly comprises the spare parts business, contributed €9.9 million (previous year: €4.3 million) to sales.

Based on the current business development of the Knaus Tabbert Group, the following forecasts have been made for the key performance indicators:

For the 2024 financial year, we expect Group revenue to develop in a range of €1.4 billion to €1.55 billion compared to the 2023 financial year.

For the remainder of the 2024 model year, which ends on 31 July 2024, Knaus Tabbert is not planning any price increases compared to the trade.

In the past financial year, Knaus Tabbert delivered 4,663 motorhomes and camper vans (previous year: 4,390) and 2,925 caravans (previous year: 3,915) across the Group. A total of 7,588 units were invoiced.