Knaus Tabbert Ag · XETR:KTA
Knaus Tabbert — Q1 2025 Earnings Presentation
8 slides from Knaus Tabbert's earnings presentation, May 14, 2025
Slide 1: Earnings Release Q1 2025
EARNINGS RELEASE Q1 2025 May 14, 2025
Slide 2: Q1 2025 Status Update: Realignment Journey Continues
Q1 2025 STATUS UPDATE Realignment Journey Continues THREE BUILDING BLOCKS OF STATUS QUO KEY AREAS OF FOCUS − Accelerated adaptation of the product portfolio to customer trends Healthy and Stable Need for Strategic Demand, Strong Realignment to − Reduction of personnel capacities, in production and a
Slide 3: Market Update Germany: Interest in Caravanning Remains Strong
MARKET UPDATE GERMANY Interest in Caravanning Remains Strong − Registrations for the first 4 months of the year are showing no material sign of weakness across most segments compared to prior years − End-customer demand combined with conservative production figures supports inventory reduction at de
Slide 4: Q1 2025 Revenues Reflect Measures Taken
Q1 2025 REVENUES REFLECT MEASURES TAKEN Q1 Earnings Still Partially at a Higher Cost Base REVENUE & ORDERBOOK ADJ. EBITDA & EBITDA MARGIN In EUR mill. In EUR mill. / % of net revenue ORDERBOOK 274 307 624 1,274 1,168 621 341 376.7 11.8% 368.5 50.0 12.0% 45.0 10.3% 295.6 40.0 10.5% 8.9% 38.8 10.0% 35
Slide 5: Positive Free Cash Flow Generated
POSITIVE FREE CASH FLOW GENERATED Material Impact of Monetization of Inventories Operating CF: Investing CF: Financing CF: EUR +16,6 mill. EUR -2,0 mill. EUR -6,6 mill. 10.500 -2.00 -4.300 8.00 10.800 -2.300 -4.700 Net Income Changes in Working Capital Other effects Investing Cashflow Interests paid
Slide 6: Headline Indicators Show Little Change
HEADLINE INDICATORS SHOW LITTLE CHANGE More Positive Developments under the Surface NET DEBT NET WORKING CAPITAL INVENTORIES In EUR mill. In EUR mill. In EUR mill. 309 284 212 335 325 271 2023 2024 Q1 2025 259 252 TRADE RECEIVABLES In EUR mill. 247 85 93 46 2023 2024 Q1 2025 TRADE PAYABLES In EUR mi
Slide 7: Outlook 2025
OUTLOOK 2025 FOR THE FINANCIAL YEAR 2025, WE EXPECT TO ACHIEVE AROUND EUR 1BN IN REVENUES AND AN ADJUSTED EBITDA MARGIN IN THE RANGE OF 5.0% TO 6.5%.
Slide 8: Disclaimer
DISCLAIMER This presentation is for information purposes only and contains forward-looking statements. The information is current at the time of the presentation and is subject to change without notice. No reliance may be placed for any purpose on the accuracy, completeness or fairness of the inform