Knaus Tabbert achieves sales record despite supply shortages

Leading German leisure vehicle manufacturer Knaus Tabbert has announced a new record figure of 25,922 vehicles sold in its 2021 financial year figures. This 6.5 per cent growth was considered particularly impressive by the company set against the backdrop of well-known global supply chain problems. The company believes that despite achieving a new record, it was nowhere near achieving its full potential.

“The 2021 financial year confronted us with considerable challenges. For example, due to a lack of chassis, parts and components, we were unable to achieve our ambitious targets in 2021 despite a record number of vehicles produced,” said Wolfgang Speck, CEO of Knaus Tabbert.

“However, demand remains high, which we also see in our order books. With a comprehensive investment programme, a broader supplier base for chassis and optimisation of the supply chains, we are consistently strengthening our flexibility and resilience to crises. We are therefore confident that we will be able to translate the high demand into significantly higher deliveries and increasing profitability already in the current year 2022.”

Despite not being able to fully exploit the sales potential for leisure vehicles, Knaus Tabbert recorded total sales of €862.6 million, which is an 8.6 per cent increase on the figure in the company’s 2020 financial year. About 69.2 per cent of those sales came from motorised vehicles such as motorhomes, and 27.9 per cent from caravans. Roughly 3 per cent was from the aftersales sector. In order to make the best possible use of the existing production capacities, Knaus Tabbert had increasingly occupied existing production places with the production of additional caravans.

The group cites that its growth was largely driven by the luxury and premium market segments. Revenues for the premium segment were €740.6 million, up 7.8 per cent on the previous year. In the luxury segment with the Morelo brand, Knaus Tabbert recorded sales of 501 units (previous year: 452). Revenues rose significantly by €14.8 million or 13.8% to €122.0 million. EBITDA in the luxury segment was also 20.7% higher than the previous year's figure of €12.8 million at €15.4 million.

Knaus Tabbert’s executive board remains extremely positive about the 2022 financial year.