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EQS-Adhoc: Knaus Tabbert AG: KNAUS TABBERT AG provides a more detailed revenue forecast and increases the forecast for the adjusted EBITDA margin for the financial year 2023

eqs_en 
0 0 20.09.23
EQS-Adhoc: Knaus Tabbert AG: KNAUS TABBERT AG provides a more detailed revenue forecast and increases the forecast for the adjusted EBITDA margin for the financial year 2023
 

EQS-Ad-hoc: Knaus Tabbert AG / Key word(s): Forecast/Change in Forecast
Knaus Tabbert AG: Knaus Tabbert AG provides a more detailed revenue forecast and increases the forecast for the adjusted EBITDA margin for the financial year 2023

20-Sep-2023 / 06:53 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

 
  • Forecast consolidated revenue: 1.35 - 1.45 billion EUR   
  • Forecast adjusted EBITDA margin: 8.5 - 9.0 %
The Management Board of KNAUS TABBERT AG has specified the forecast for consolidated revenue and now expects consolidated revenue for the financial year 2023 to be between EUR 1.35 billion and EUR 1.45 billion (previous year: EUR 1.05 billion). The concretization of the revenue forecast is based on the ongoing stabilization of the supply chains and the associated improved planning reliability of the production processes of KNAUS TABBERT AG.
Compared to the previous planning, the Management Board now sees a significantly lower cost increase in materials procurement. The Management Board is therefore increasing its forecast for the adjusted EBITDA margin for the financial year 2023 to a target of between 8.5 % and 9.0 %.
On March 31, 2023, the Company had forecast strong Group revenue growth and an adjusted EBITDA margin of 7.5 - 8.5% for fiscal 2023. This was based on price increases vis-à-vis dealers of 6 - 8%. This forecast was last confirmed again on August 10, 2023.
The revised forecast for the financial year 2023 was based on the current market environment and assumes no significant deterioration in the geopolitical and economic environment.
The communicated medium-term targets up to 2027 remain unaffected by the adjustment of the forecast for the financial year 2023.

Contact: Manuel Taverne / Investor Relations / +49 152 02092909
 


End of Inside Information

20-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: Knaus Tabbert AG
Helmut-Knaus-Str. 1
94118 Jandelsbrunn
Germany
Phone: +49 (0)8583 / 21-1
Fax: +49 (0)8583 / 21-380
E-mail: [email protected]
Internet: www.knaustabbert.de
ISIN: DE000A2YN504
WKN: A2YN50
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1729897

 
End of Announcement EQS News Service

1729897  20-Sep-2023 CET/CEST

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Knaus Tabbert AG Stock

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Knaus Tabbert AG gained 0.530% compared to yesterday.
We see a rather positive sentiment for Knaus Tabbert AG with 6 Buy predictions and 1 Sell predictions.
With a target price of 50 € there is a slightly positive potential of 5.49% for Knaus Tabbert AG compared to the current price of 47.4 €.
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