Brief: Knaus Tabbert 9-Mth EBITDA Adjusted For Special Charges At EUR 46.5 Mln

Knaus Tabbert AG

11/11/2021 06:15

Nov 11 (Reuters) - KNAUS TABBERT AG  KTAG.DE :
    * KNAUS TABBERT AG: SALES AND EARNINGS GROWTH SIGNIFICANTLY
AFFECTED BY SUPPLY BOTTLENECKS FOR MAJOR COMPONENTS - ORDER
BACKLOG RISES TO €1.4 BILLION
    * NEW FORECAST FOR FULL YEAR 2021 PUBLISHED
    * SALES FOR NINE-MONTH PERIOD INCREASED BY ALMOST 11 PERCENT
TO
EUR 634.5 MILLION, COMPARED TO EUR 573.1 MILLION IN SAME PERIOD
OF PREVIOUS YEAR
    * 9-MONTH OTHER OPERATING INCOME OF EUR 2.1 MILLION, TOTAL
OPERATING REVENUE FOR NINE-MONTH PERIOD INCREASED BY 17.0
PERCENT TO EUR 675.3 MILLION (PREVIOUS YEAR: EUR 577.3 MILLION)
    * FROM A NINE-MONTH PERSPECTIVE, NINE-MONTH EBITDA ADJUSTED
FOR
SPECIAL CHARGES SHOWED A SLIGHT DECLINE OF 1.7% TO EUR 46.5
MILLION (EUR 47.4 MILLION)
    * ADJUSTED EBITDA MARGIN ON A NINE-MONTH BASIS IS 7.3
PERCENT
COMPARED TO 8.3 PERCENT IN SAME PERIOD LAST YEAR
    * COMPANY NOW EXPECTS GROUP SALES FOR 2021 FINANCIAL YEAR TO
INCREASE BY 7 PERCENT TO AROUND EUR 850 MILLION (PREVIOUS YEAR:
EUR 794.6 MILLION) AND AN ADJUSTED EBITDA MARGIN OF AROUND 7
PERCENT (PREVIOUS YEAR: 8.5 PERCENT)

Source text for Eikon:  ID:nEQypRDca 
Further company coverage:  KTAG.DE 

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