Knaus Tabbert Reports Strong Growth and Dividend Increase for FY 2023

Knaus Tabbert AG announced a successful closure of the 2023 financial year, highlighting a 37.3% increase in group revenue to EUR 1,441 million and a significant 76.4% rise in adjusted EBITDA to EUR 123.8 million. The company has attributed this growth to high demand across its leisure vehicle brands and an effective multi-brand strategy.

The sale of motorhomes and camper vans notably contributed to the revenue, with motorhomes sales alone increasing by 64.7% to EUR 817 million. The company also reported an impressive order backlog of around one billion euros at the year-end, underlining sustained interest in its products.

Knaus Tabbert's strategic decision in 2022 to maintain employment levels despite low capacity utilization is credited with contributing to the positive financial outcomes. The company has proposed a dividend increase to EUR 2.90 per share for 2023, up from EUR 1.50 in the previous year, reflecting its strong earnings performance.

Looking ahead to 2024, Knaus Tabbert expects its revenue to be in the range of EUR 1.4 billion to EUR 1.55 billion, with adjusted EBITDA margins forecasted between 8% and 9%. The company anticipates a stable development at the high level achieved in 2023, signaling optimism for the future.