The motorhome manufacturer Knaus Tabbert AG increased deliveries in 2021 by 6.5 percent to 25,922 vehicles. Due to supply chain problems, the full sales potential is far from being exhausted, according to the company. The order backlog at the end of the year was correspondingly high at 32,398 units worth around EUR 1.3 billion (2020: 18,736 units for EUR 640 million). Total sales amounted to EUR 862.6 million, an increase of 8.6 percent. The EBITDA adjusted for one-off charges for the financial year fell by 10.3 percent to EUR 60.7 million. The problems in the supply chains and the resulting underutilization of capacities are reflected here, it is said. EBIT fell by 17.6 percent to EUR 38.4 million.
“The 2021 financial year presented us with great challenges. Due to a lack of chassis, parts and components, we were unable to achieve our ambitious goals in 2021 despite a record number of vehicles produced,” comments Wolfgang Speck, CEO of Knaus Tabbert, on the past financial year. “However, demand is consistently high, which we can also see in our order books. With a comprehensive investment program, a broader supplier base for chassis and an optimization of the supply chains, we are consistently strengthening our flexibility and crisis resilience. We are therefore confident that we can already meet the high demand can translate into significantly higher deliveries and increasing profitability in the current year 2022.”
The Management Board is assuming significant growth in sales before the effects of price increases, as stated in the outlook. Price increases vis-à-vis the dealers of the Knaus Tabbert Group are planned in a range of 6 to 8 percent in the 2022 financial year. According to the company, the earning power, expressed by the adjusted EBITDA and the adjusted EBITDA margin, will continue to improve significantly in line with the targeted sales growth and the resulting economies of scale.