Knaus Tabbert Reports Strong Volume, Revenue Growth in Q3

JANDELSBRUNN, Germany – Knaus Tabbert further accelerated its growth in the third quarter of 2022 and recorded significant growth rates in unit sales, revenue and total output, according to the company’s release on its financial performance report. The Group also benefited from the continued strong demand for leisure vehicles in terms of order intake during the quarter – 8,452 new orders pushed the order backlog up by a further 14.3 percent compared to the end of the first half of the year, to a new record of EUR 1.6 billion or 38,133 units at the end of the third quarter (June 30, 2022: EUR 1.4 billion or 36,610 units).

In order to make the best possible use of existing capacities and available materials, Knaus Tabbert continued to increase production of caravans within the vehicle categories in the third quarter of 2022, sales of which increased by more than 40% in this period. Overall, sales of leisure vehicles increased to 20,617 units (previous year: 19,114 units). As a result, Group revenue improved by 9.4% to EUR 693.9 million (previous year: EUR 634.4 million).

Unit sales of caravans rose to 13,555 units in the first nine months of 2022 (previous year: 10,426 units), while unit sales of motorhomes and camper vans fell to 7,062 units (previous year: 8,688 units) due to a shortage of chassis. Of the resulting group revenues, EUR 603.1 million were attributable to the premium segment (previous year: EUR 544.5 million), with a further EUR 90.8 million (previous year: EUR 89.9 million) attributable to the luxury segment.

Wolfgang Speck

“The nine‐month figures were marked by delivery bottlenecks for chassis and key components. Nevertheless, starting in the third quarter, we are experiencing a significant increase in unit sales and revenue momentum, which underpins our growth strategy. 25% more total operating performance leads to a visible increase in EBITDA compared to the third quarter of the previous year. A stable and record‐high order backlog forms a solid basis for further growth in 2023. Our successful appearance at this year’s Caravan Salon additionally underlines the high attractiveness of our existing and future product portfolio and leads us to expect a further increase in demand for our vehicles,‟ explained Wolfgang Speck, CEO of Knaus Tabbert AG, on the business development.

As part of a multi‐brand strategy, Knaus Tabbert has now expanded its supplier base for chassis to five manufacturers in the course of the 2022 financial year. This led to a significantly better availability of such chassis for the first time at the end of the third quarter of 2022. The nine‐month figures now presented have not yet been able to benefit significantly from this. However, a look at the third quarter already shows a clear improvement in terms of revenue and total operating performance.

Read the full release and financial performance report.

Source: https://rvbusiness.com/knaus-tabbert-reports-strong-volume-revenue-growth-in-q3/