Report
Eric Wilmer

Knaus Tabbert AG : New guidance: FY21 sales +7%, implied EBITDA ~€ 60m

>We see 17%/16% downside to cons FY21/22 EBITDA, from supply chain - Knaus Tabbert (KTG) issued a press release this morning which included a new FY21 sales and EBITDA guidance (the previous 20% FY21 yoy sales growth and an adjusted EBITDA margin of around 8% was withdrawn in September this year). The company now foresees FY21 yoy sales growth of 7% (~€ 850m) and an adjusted EBITDA margin of 7%, which implies FY21 EBITDA of ~€ 59.5m. Consensus (BB) currently pencils i...
Underlying
Knaus Tabbert

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Eric Wilmer

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