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Knaus Tabbert (KTA) investor relations material
Knaus Tabbert Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M revenue declined 8.5% to €697.0m, while adjusted EBITDA rose to €40.5m and margin improved to 5.8%; net profit was €3.8m versus a €19.5m loss.
Cost and efficiency measures supported stronger profitability; weak demand and June 2027 refinancing remain key concerns.
Financial highlights
9M total output rose 4.4% to €726.0m; inventory changes and other items were €29.0m versus €65.8m.
Q3 revenue increased 1.8% to €193.1m and total output rose 9.4% to €206.5m; EBITDA improved to €4.2m from a €2.9m loss.
9M adjusted EBIT was €20.6m versus a €6.2m loss; adjusted EBITDA was €40.5m versus €19.8m.
9M operating cash flow was €29.4m, investing cash flow -€7.6m and free cash flow €21.8m; Q3 free cash flow was slightly negative.
Net financial debt was €301.4m; inventories were €187.7m and net working capital was €185.1m.
Outlook and guidance
FY 2026 guidance reaffirmed: revenue of ~€950m and adjusted EBITDA margin of 5.0%–6.0%.
Guidance assumes cautious dealer orders, weaker end-customer demand and prudent Q4 production planning, without material further deterioration in demand, pricing or market conditions.
Orderbook was €461m, down 3.1% YoY; production is being aligned with demand, with cost, productivity, working-capital and liquidity control remaining priorities.
- Revenue rose 37.3%; FY2024 adjusted EBITDA margin is guided at 8%–9%.KTA
Q4 2023 - Profitability improved in H1 2026, but guidance narrowed amid revenue decline and market risks.KTA
Q2 2026 - EBITDA margin reached 6.3% in Q1 2026 as revenue fell but guidance and order book remain strong.KTA
Q1 2026 - 2025 revenue met guidance but profitability lagged; 2026 targets margin recovery.KTA
Q4 2025 - Revenue guidance steady at €1bn, but profitability pressured by supply chain and market risks.KTA
Q3 2025 - Revenue, earnings, and margins fell in 2024 as dealer inventory and cost pressures persisted.KTA
Q3 2024 - H1 revenue fell 7.3%, but margin improved to 9.6%; FY24 guidance was cut.KTA
Q2 2024 - Revenue fell 24.9% in 2024 amid restructuring, with 2025 set for recovery and margin improvement.KTA
Q4 2024 - Revenue and profit fell in Q1 2025, but cash flow and guidance remain stable.KTA
Q1 2025
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