Report
Eric Wilmer

Knaus Tabbert AG : Order book supporting margin recovery; trade show shows visibility still good

>FY22 recap: strong 4Q22 EBITDA helped by major step up in deliveries - KTG reported a decent set of FY22 results, with EBITDA coming in 8% ahead of css (sales in line). Implied company guidance (based on a more normalised supply chain and supplier diversification) is for at least mid-double-digit sales growth in FY23 (6-8% from price increases) and an adj. EBITDA margin between 7.5-8.5% (FY22: 6.7%), which broadly reflects css.We foresee caravan and moto...
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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