Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Knaus Tabbert AG is a leading European manufacturer of recreational vehicles, specializing in motorhomes, caravans, camper vans, and leisure buses. The company produces a diverse portfolio under well-known brands such as KNAUS, TABBERT, WEINSBERG, and MORELO, offering models from entry-level to premium luxury options that cater to various customer preferences for mobile travel, freedom, and comfort. Its product lineup features innovative technologies including lightweight construction with FibreFrame and dyonic chassis, advanced charging systems for AGM and lithium batteries, enhanced connectivity via external LTE and Wi-Fi antennas, and sustainable solutions like the waterless CLEANFLEX toilet system and compatibility with electric towing vehicles. Knaus Tabbert AG operates production facilities in Jandelsbrunn, Mottgers, and Schlüsselfeld in Germany, as well as Nagyoroszi in Hungary, enabling efficient manufacturing across Europe. Founded in 1960 and headquartered in Jandelsbrunn, Lower Bavaria, Germany, the company plays a significant role in the leisure vehicle market by providing high-quality, innovative solutions for outdoor enthusiasts and families seeking versatile travel experiences.
The business is unprofitable at the operating level (-1.52% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 7.4% YoY. The question is whether this is cyclical or a structural shift.
Net debt of €303M represents 6.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€956M
▼ -7.4% YoY
Net Income (TTM)
-€28M
▲ +23.1% YoY
Op. Margin
-0.65%
▲ +2.8pp YoY
ROIC
-2.87%
▲ +5.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€61M
▲ +220.5% YoY
Op. Cash Flow (TTM)
€86M
▲ +288.2% YoY
Net Debt
€303M
Cash & Equiv.
€8M
3Y CAGR: -1.5%
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