Knaus Tabbert enjoys successful first year on stock exchange

Knaus Tabbert, one of Europe’s leading leisure vehicle manufacturers, is celebrating after drawing a positive balance during its first year on the Frankfurt stock exchange. The Germany company issued 10 million shares at a price of 58 Euros at the time of the IPO, primarily to institutional investors in Germany and abroad. Since then, the free float has stood at around 35 percent.

Knaus Tabbert CEO Wolfgang Speck said: “The initial public offering was an important milestone for the further development of our Group. With the proceeds from the issue of our shares, we have laid the foundation for further dynamic growth, such as the expansion of our production capacities, path-breaking innovations for our industry and the development of sustainable solutions for recreational vehicle.”

When Knaus Tabbert first made the decision to go public it announced it would invest the funds raised to expand its facilities in a bid to continue on its growth path. By 2025, a further €220 million will be invested to help create and maintain state-of-the-art facilities, maintain efficient productivity and continue to innovate in the leisure vehicle market.

With a successful financial year 2020 and continued growth in 2021, the company has been on a promising path since its IPO. In the first half of 2021, revenue increased by 23 percent to 442 million euros. Adjusted EBITDA improved by 33 percent to 45 million euros. 

“These record results show that we are able to grow while simultaneously strengthening our profitability,” says the company’s CFO, Marc Hundsdorf.

In September 2021, the company published its first growth targets to be achieved in the medium term. Revenue is to be increased to €2 billion by 2025. The share price reacted to this outlook with a significant increase.

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