Knaus Tabbert (KTA) Q2 2024 earnings summary

Executive summary

• H1 2024 revenue reported as €754.2 million in one source and €699.4 million in another, reflecting either a 7.8% increase or a 7.3% decrease year-over-year.

• Adjusted EBITDA margin for H1 2024 is cited as 9.2% and 9.6% in different sources.

• Free cash flow for H1 2024 is reported as €25.5 million and €12.3 million in different sources.

• Order backlog as of June 30, 2024, is €467 million, down 61.5% year-over-year but healthy relative to annual revenue.

• The company is supporting retail partners amid rising financing costs and has extended summer plant holidays to manage inventory.

Financial highlights

• H1 2024 revenue is reported as €754.2 million and €699.4 million in different sources.

• Adjusted EBITDA for H1 2024 is €69.7 million and €67.5 million in different sources.

• Net income for H1 2024 is reported as €30.9 million and €12.3 million in different sources.

• Free cash flow for H1 2024 is reported as €25.5 million and €12.3 million in different sources.

• Equity ratio as of June 30, 2024, is 28.2%.

Outlook and guidance

• 2024 revenue expected between €1.3 billion and €1.4 billion.

• Adjusted EBITDA margin forecast for 2024 is 7.0%–8.0%.

• Management is monitoring market and financing conditions and may take further measures if needed.

• Extended factory holidays in August to reduce dealer inventories and interest burden.