12 May 2023
12 May 2023, Comments Comments Off on Knaus Tabbert starts 2023 financial year with a record first quarter
Knaus Tabbert starts 2023 financial year with a record first quarter

The significantly improved availability of chassis in the first quarter of 2023 has helped the Knaus Tabbert Group achieve another quarterly revenue record of EUR 8.368 million in the first three months (previous year: EUR 222.3 million). This corresponds to an increase of 65.8% compared to the same period of the previous year.

The reason for this significant increase in sales is Knaus’ changed chassis purchasing strategy. Since the second half of 2022, Knaus Tabbert no longer produces motorhomes and camper vans on just one chassis (Stellantis) but now uses five different chassis (Stellantis, MAN, VW Commercial Vehicles, Mercedes and Ford). As in the fourth quarter of 2022, the better chassis availability has lead to an improved product mix.

“In 2022, we set the course for the future. The significant increase in personnel capacities, investments in innovative products and state-of-the-art manufacturing technologies and, in particular, the decision to diversify chassis to now five suppliers have been increasingly having an impact since the fourth quarter of 2022. Our product portfolio inspires our dealers and customers alike: With our premium brand KNAUS, we are the market leader for new registrations of full-fledged motorhomes and camper vans not only in Germany but throughout Europe for the first time!” comments Wolfgang Speck.

The significantly higher share of motorhomes and camper vans of 53% (previous year: 28%) of the total portfolio, coupled with a significantly higher average price compared to caravans, led to the significant increase in sales revenue.

“We have made an exceptionally powerful and dynamic start to 2023. This shows the performance of the entire Knaus Tabbert team and the effectiveness of our strategy. We are ideally positioned to continue to demonstrate our performance in the coming months of the year,” adds CFO Carolin Schürmann.

The Management Board of Knaus Tabbert AG is optimistic about the 2023 financial year. On the basis of the order backlog, the changed chassis purchasing strategy and the resulting positive product mix effects, it expects the Group to achieve strong sales growth compared to the previous year before the effects of price increases. Price increases compared to dealers of the Knaus Tabbert Group are planned in the 2023 financial year in a range of 6–8%.

The prerequisite for this, however, is an easing of the supply chains and consequently the planned availability of components and other materials, in accordance with the carefully considered planning premises. This forecast is also based on the assumption that the global economic and industry-specific conditions, especially with regard to the further course of the Ukraine conflict, will not deteriorate significantly compared to planning.