Knaus Tabbert AG

Latest Results (06.11.2025):

Knaus Tabbert AG’s Q1 2025 financial results reflect a challenging start to the new financial year with notable declines in consolidated turnover and adjusted EBITDA alongside strategic cost adjustments. The company, positioning itself for a normalized market environment, reported a significant fall in revenue due to interrupted production and reduced volume, while also showing improvements in operating cash flow and effective working capital management.

Revenue Decline

Knaus Tabbert AG recorded a 21.5% drop in consolidated turnover, with revenue decreasing to EUR 295.6 million in Q1 2025 compared to EUR 376.7 million in the same period last year. The decline is attributed to production interruptions and lower production volumes, aligned with expectations of a normalized demand trend.

Adjusted EBITDA Performance

Adjusted EBITDA fell dramatically by 78% from EUR 38.8 million to EUR 8.5 million in Q1 2025, resulting in an adjusted EBITDA margin of only 2.9% versus the previous 10.3%. These figures underscore the cost pressures from extended production shutdowns and reduced operating performance.

Cash Flow and Free Cash Flow

The company generated a positive operating cash flow of EUR 16.6 million, a significant improvement over EUR 6.0 million in Q1 2024. Moreover, the free cash flow reached EUR 14.6 million, primarily driven by optimized working capital and lower investment requirements focused largely on replacement and product investments.

Order Backlog and Future Outlook

At the end of Q1 2025, Knaus Tabbert AG reported an order backlog of approximately EUR 341 million, covering around 30% of their annual revenue. Looking ahead, the Executive Board anticipates total revenue to approach EUR 1,000 million for the 2025 financial year with an expected adjusted EBITDA margin between 5.0% and 6.5%, as ongoing measures to adjust the cost base begin taking effect.