Germany's Knaus Tabbert Q1 revenue falls 16% on lower sales volumes

Knaus Tabbert AG

12/05/2026 13:36

Overview

Germany recreational vehicle maker's Q1 revenue fell 16% yr/yr due to lower sales volumes

Adjusted EBITDA more than doubled, margin improved to 6.3% from 2.9%

Company confirmed full-year 2026 forecast for revenue and adjusted EBITDA margin

Outlook

Knaus Tabbert confirms 2026 revenue forecast of around EUR 950 mln

Company expects 2026 adjusted EBITDA margin of 5.0% to 7.0%

Company says market environment remains challenging and is aligning structures to normalized demand

Result Drivers

COST BASE ADJUSTMENTS - Co said improved profitability reflected measures to adjust the cost base and increase productivity, per CFO Radim Sevcik

PRODUCT MIX SHIFT - Co said sales volumes fell overall, with motorhomes significantly below last year’s level, but camper vans recorded an 18.7% increase in sales

CHALLENGING MARKET - Co said the market environment remains challenging and it is aligning structures with normalized demand

Company press release: ID:nEQ3LN3kWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 249.10 mln
Q1 Adjusted EBITDA
EUR 15.60 mln
Q1 Adjusted EBITDA Margin
6.30%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the recreational products peer group is "buy"

Wall Street's median 12-month price target for Knaus Tabbert AG is €15.00, about 30% above its May 11 closing price of €11.54

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)