Knaus Tabbert reports EUR274m turnover in 2013

Gerd Adamietzki

Knaus Tabbert GmbH, one of Europe's leading manufacturers of motorhomes and caravans
in Europe with plants in Jandelsbrunn, Mottgers, Obermeitingen in and Nagyoroszi in
Hungary, sees itself on a continuing promising course. Despite a constant slight decrease of
the total market for recreational vehicles in Europe the group compared to the previous year
improved its operating result with a turnover of Euro 274 million and approx. 12,100
produced vehicles in business year 2013. With an economic equity ratio of 36 per cent
(+11 percentage points over the previous year) Knaus Tabbert is on a solid economic base.
The business year of Knaus Tabbert GmbH corresponds with the calendar year.

"The course of the past year gives us on the basis of the results the confirmation, that the
new Knaus Tabbert approach in 2013 is really promising and gives us all more security and a
good prospect for the future", says Wolfgang Speck, chairman of the Knaus Tabbert GmbH
management. "And yet we are fully aware that there is no cause for euphoria in the face of
stagnating markets in Europe in the coming years."

"The 2014 trade fair in Stuttgart was the best CMT for Knaus Tabbert since 2009, and since
we have seen further growth", comments Gerd Adamietzki, managing director sales, and thus also responsible
for product and brand management, on the positive start into the year 2014. Knaus Tabbert GmbH also
feels this positive trend in the number of orders received. An interim result after the first four
months: "Compared to the plan we received about 850 orders more than expected",
summarizes Gerd Adamietzki.

The positive development of the liquidity situation must be especially emphasised. The
Company has fully repaid almost all bank loans in just 15 months and is free of debt in
short-term bank debt today. It is remarkable that this could be achieved in spite of
extraordinarily high investments of almost Euro 10 million in product development and
production sites over the last twelve months.

The remarkable positive cash flow was essentially influenced by an optimisation of
stocks, especially of finished goods. "While at the end of January 2013 the stock lists still
showed a total of 1,648 vehicles, our balance sheet at the end of April 2014 only showed
265 freely available vehicles on stock", says Werner Vaterl, who is the new managing
director of technology and thus heading the development and production at the Knaus
Tabbert group.

For the new season Knaus Tabbert GmbH furthermore announces that the Wilk caravan
brand will be closed in summer 2014. "We’ve made this decision as difficult as possible for
us, and we had countless and highly emotional discussions about the pros and cons", says
Wolfgang Speck commenting this step. In the end the decisive fact was that existing
resources and competences can be invested more efficiently and reasonably in the
other growing brands of the Knaus Tabbert group (KNAUS, TABBERT, T@B,
WEINSBERG). "Nothing will change with respect to service and warranty", says
Wolfgang Speck. WILK customers will still be supplied with spare parts through their
respective WILK trading partner or through the trade network of the Knaus Tabbert group.
The same applies to the tightness warranty that also remains fully effective, provided that the
customer properly and regularly has performed all the required inspections by an authorised
Knaus Tabbert dealer.

Currently the Knaus Tabbert GmbH has about 1,200 employees at its four plants, approx.
640 alone in Jandelsbrunn and 275 in Mottgers.

Photo : Gerd Adamietzki


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