EQS-Adhoc: Knaus Tabbert AG: KNAUS TABBERT UPDATES ITS FORECAST FOR THE 2024 FINANCIAL YEAR
EQS-Ad-hoc: Knaus Tabbert AG / Key word(s): Change in Forecast/Forecast
Knaus Tabbert AG: Knaus Tabbert UPDATES ITS FORECAST FOR THE 2024 FINANCIAL YEAR
17-Jul-2024 / 07:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
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Knaus Tabbert AG today announced that it has updated its forecast for the financial year 2024. Accordingly, Knaus Tabbert AG now expects consolidated revenues in a range of EUR 1.3 billion to EUR 1.4 billion for the full year 2024 (previously: EUR 1.4 billion to EUR 1.55 billion) and an adjusted EBITDA margin of 7.0% to 8.0% (previously: 8.0% to 9.0%).
Despite the generally positive market environment for Knaus Tabbert, the significant increase in financing costs of up to 8% - after more than a decade of low interest rates - poses challenges for the more than 500 trade partners. In addition to actively supporting the marketing of inventory, Knaus Tabbert will also extend the regularly scheduled plant holidays in August from three weeks by a total of 8 working days or two weeks. The temporarily reduced production output should lead to a reduction in the dealer's inventory and thus the enormous interest burden over the next few months.
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