DGAP-Ad-hoc: Knaus Tabbert AG / Key word(s): Forecast/Change in Forecast
- Sales growth of 7% to EUR 850 million expected
- Adjusted EBITDA margin expected to be around 7%
- Operating business strongly impacted by difficulties along the supply chains
After an excellent business performance in the first half of 2021, with sales of EUR 442 million, up 23% year-on-year, and an adjusted EBITDA margin of 10.1%, the Management Board of Knaus Tabbert AG was required on September 30, 2021 to revise the outlook for the 2021 financial year due to unpredictable supply difficulties along the supply chains. At the end of the third quarter and based on the information currently available on the further supply situation on the supplier side, the Management Board now sees itself in a position to provide an revised outlook for the 2021 financial year. Accordingly, the company expects consolidated sales to increase by 7% to around EUR 850 million (previous year: EUR 794.6 million) and an adjusted EBITDA margin of around 7% (previous year: 8.5%). This outlook is subject to the condition that no new, unexpected difficulties arise along the supply chains, in production and in the completion and delivery of products.
04-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Knaus Tabbert AG|
|Phone:||+49 (0)8583 / 21-1|
|Fax:||+49 (0)8583 / 21-380|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1246084|
|End of Announcement||DGAP News Service|
1246084 04-Nov-2021 CET/CEST