Report
Eric Wilmer

Knaus Tabbert AG : Top line performance comforting while we remain cautious on FY22 EBITDA

>3Q22 recap: Luxury segment crucial to supporting weak EBITDA - Knaus Tabbert (KTG) reported soft 3Q22 Adj. EBITDA, coming in 12% below company compiled css, despite a 3% sales beat. Demand remains strong for RVs, with the order book reaching another record high of € 1.6bn (2Q22: € 1.4bn), with c. € 100m in the order book represented by vehicles in backlog not yet billed to dealers (due to missing parts and components). FCF remained clearly negative (not quantified, f...
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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