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Visual22 Oct 2025
Epiroc's cash spent on M&A
Knaus Tabbert (KTA) investor relations material
Knaus Tabbert Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary8 Aug, 2025
Executive summary
Strategic realignment advanced with a 30% reduction in product portfolio for model year 2026, new models introduced, and a roadmap set for 2027 and beyond, focusing on strong customer segments and innovation.
Significant cost reductions and process improvements implemented, including workforce adjustments, short-time work, and ongoing selective cost reviews.
CapEx program reduced to essential, high-ROI or replacement investments, with no expansion of production capacities.
Revenue for H1 2025 declined year-over-year due to lower output, destocking, and production interruptions, but free cash flow and net debt improved.
Management maintains full-year 2025 guidance for revenue around €1 billion and adjusted EBITDA margin of 5.0–5.5%.
Financial highlights
H1 2025 revenue was €571.7 million, with premium segment at €476.2 million and luxury at €95.6 million.
Adjusted EBITDA was €22.7 million (4% margin), down from prior year, impacted by restructuring and lower-margin inventory sales.
Free cash flow improved to €70.1 million, with operating cash flow at €74.1 million and investments at €4 million.
Net debt reduced to €190 million as of H1 2025, reflecting strong working capital management.
Order backlog at €294 million as of June 30, 2025, down 37% year-over-year.
Outlook and guidance
Full-year 2025 revenue guidance reaffirmed at around €1 billion.
Adjusted EBITDA margin guidance narrowed to 5%–5.5%, reflecting market and cost dynamics.
Q3 expected to be seasonally weaker due to company holidays, with Q4 targeted for performance catch-up.
Market normalization and cautious dealer ordering expected to continue impacting order intake.
Why was production interrupted in early 2025?
Explain the increase in personnel cost ratio.
How did the syndicated loan agreement change?
How will 2027+ product roadmap drive growth?
What further cost efficiencies are planned?
How does dealer caution impact future order book?
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Next Knaus Tabbert earnings date
Q3 202512 Nov, 2025
Next Knaus Tabbert earnings date
Q3 202512 Nov, 2025
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Frequently asked questions
Knaus Tabbert AG is a German company that designs and manufactures a range of leisure vehicles, including motorhomes, caravans, camper vans, and caravanning utility vehicles (CUVs). Its products are sold under several well-known brands, including KNAUS, TABBERT, WEINSBERG, T@B, and MORELO. These vehicles cater to various customer needs, from entry-level models to high-end luxury options. The company’s offerings are available for both purchase and rental, with its "Rent and Travel" service making leisure travel more accessible. Knaus Tabbert operates multiple production sites across Germany and Hungary. The company is headquartered in Jandelsbrunn, Germany, and its shares are listed on the XETRA.
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