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    KTA   DE000A2YN504

KNAUS TABBERT AG

(KTA)
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Real-time Estimate Tradegate  -  03:58 2022-08-11 pm EDT
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Knaus Tabbert AG: Knaus Tabbert and Volkswagen Commercial Vehicles sign long-term supply contract

06/24/2022 | 01:32am EDT

DGAP-News: Knaus Tabbert AG / Key word(s): Alliance/Contract
Knaus Tabbert AG: Knaus Tabbert and Volkswagen Commercial Vehicles sign long-term supply contract

24.06.2022 / 07:30
The issuer is solely responsible for the content of this announcement.


Contract for the supply of motorised chassis and vans
■ Knaus Tabbert expands its existing supplier network to five manufacturers
■ Further diversification supports Knaus Tabbert's growth strategy and its delivery times

Jandelsbrunn, Germany. Knaus Tabbert AG, a leading manufacturer of leisure vehicles in Europe, and Volkswagen Commercial Vehicles recently signed a contract for the supply of chassis for motorhomes and vans for the VW Crafter and VW T6.1 series. From the second half of 2022, Volkswagen Commercial Vehicles will thus act as a further partner for the supply of chassis and vans for the Knaus and Weinsberg brands. Thanks to the agreement, Knaus Tabbert can further diversify its portfolio of motorised chassis and enter new, high-growth market segments.

"The agreement with Volkswagen Commercial Vehicles is another significant step towards optimising our supplier base and production processes. It also enables us to offer our customers an even greater variety of models. The additional chassis and vans will help to shorten delivery times, which have been considerably stretched due to material shortages, and further reduce our dependence on individual suppliers. This means we are also optimally positioned for growth in the future," says Wolfgang Speck, CEO of Knaus Tabbert AG.

Further expansion of the supplier base

With Volkswagen Commercial Vehicles, Knaus Tabbert has now concluded its fifth cooperation with an OEM for the supply of vans and chassis. In early spring, the group had already announced cooperation agreements with Mercedes and Ford for the supply of motorised chassis, thus doubling the number of suppliers this year.

With Volkswagen Commercial Vehicles, Knaus Tabbert customers will in future be able to choose from the range of another premium manufacturer as the basis for a leisure vehicle from Knaus Tabbert. The expansion of the number of suppliers is part of Knaus Tabbert's growth strategy.

Due to material shortages in the production of chassis, delivery times have been considerably extended in the last two years. The significant expansion of the number of suppliers for chassis and vans counteracts this and should contribute to a reduction in delivery times for dealers and customers in the medium term.

Volkswagen Commercial Vehicles has decades of experience in the development and production of reliable and efficient vehicles. The number of chassis delivered to Knaus Tabbert is to be successively increased. Knaus Tabbert will present the first models and prototype vehicles based on Volkswagen chassis at its dealer conference (24 to 27 June 2022) and at the Caravan Salon in Düsseldorf (26 August to 4 September 2022).

Contact

Stefan Diehl // +49 (0) 162 9081044 // s.diehl@knaustabbert.de
Manuel Taverne // +49 152 020 929 09 // m.taverne@knaustabbert.de

About Knaus Tabbert

Knaus Tabbert AG is a leading manufacturer of leisure vehicles in Europe with its headquarters in Jandelsbrunn, Lower Bavaria. Further locations in Germany are Mottgers and Schlüsselfeld as well as Nagyoroszi in Hungary. The company has been listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000A2YN504) since September 2020. With its brands KNAUS, TABBERT, T@B, WEINSBERG, MORELO and the rental service RENT AND TRAVEL, the company achieved sales of almost 850 million euros in 2021 and produced more than 25,000 recreational vehicles with around 3,500 employees. More information: www.knaustabbert.de



24.06.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Knaus Tabbert AG
Helmut-Knaus-Str. 1
94118 Jandelsbrunn
Germany
Phone: +49 (0)8583 / 21-1
Fax: +49 (0)8583 / 21-380
E-mail: info@knaustabbert.de
Internet: www.knaustabbert.de
ISIN: DE000A2YN504
WKN: A2YN50
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1382897

 
End of News DGAP News Service

1382897  24.06.2022 

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Sales 2022 1 028 M 1 061 M 1 061 M
Net income 2022 28,7 M 29,6 M 29,6 M
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Number of Analysts 5
Last Close Price 31,40 €
Average target price 59,60 €
Spread / Average Target 89,8%
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Wolfgang Speck Chairman-Management Board & CEO
Marc Hundsdorf Chief Financial Officer
Esther Hackl Chairman-Supervisory Board
Werner Vaterl Facility Manager & Head-Logistics
Jana Donath Independent Member-Supervisory Board
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