Knaus Tabbert, a leading RV manufacturer in Europe, announced the company has started the 2026 financial year with a significant improvement in its earnings performance. Despite a decline in revenue due to lower sales volumes and a change in the product mix, the company has noticeably increased its operating profitability, Knaus Tabbert said in a release.
Editor’s note: 1 euro (EUR) is equivalent to approximately $1.16.
Consolidated revenue in the first quarter of 2026 stood at EUR 249.1 million, compared with EUR 295.6 million in the previous year. This represents a decline of 15.7%. Sales volumes fell by 8.3% to 5,190 units. While motorhomes were significantly below the previous year’s level, camper vans recorded an 18.7% increase in sales.
Adjusted EBITDA rose to EUR 15.6 million, up from EUR 8.5 million in the same period last year. The adjusted EBITDA margin improved to 6.3%, up from 2.9%. Net profit stood at EUR 3.8 million, compared with a loss of EUR 4.7 million in the previous year.
“The performance in the first quarter shows further positive effects of our measures to adjust the cost base and increase productivity,” said Radim Sevcik, CFO of Knaus Tabbert AG. “At the same time, the market environment remains challenging. We are therefore consistently aligning our structures with a normalized demand environment.”
Free cash flow improved significantly to EUR 30.5 million, compared with EUR 14.6 million in the previous year. Cash flow from operating activities rose to EUR 32.6 million. The order backlog stood at EUR 363 million as of March 31, up from EUR 341 million in the previous year.
Knaus Tabbert’s executive board said it confirms its forecast for the full year 2026. Consolidated revenue of around EUR 950 million and an adjusted EBITDA margin of 5.0% to 7.0% are still expected.
