Knaus Tabbert’s medium-term growth targets encouraged investors to take action on Monday. After the price of the motorhome manufacturer had recently hit an annual low of below 60 euros, it rose sharply by around six percent to 66.60 euros on Monday morning. In the chart it made it Knaus Tabbert share thus again above the medium-term relevant 100-day average line.
The company wants to increase sales to two billion euros by 2025 – and invest in the expansion of production in order to be able to meet the increased demand in times of pandemics. The Supervisory Board has approved an expansion of production capacities from currently around 30,000 to over 50,000 units by 2025. Around 220 million euros are to be invested in expanding the production sites by 2025. The site in Nagyoroszi (Hungary) is therefore being expanded considerably. At the same time, strong production growth is also being sought at the headquarters in Jandelbrunn. The dividend policy practiced so far (distribution of approx. 50% of the net result) will nevertheless be adhered to.
The company has been listed on the stock exchange since September last year. While the demand for the products is high, it has so far been limited for papers. Based on the issue price of 58 euros, the share was recently only 15 percent higher. For comparison: The index for small stocks SDax, in which the company would like to move up, rose by more than 40 percent in the past twelve months.
High demand for mobile homes: expand production, increase sales
Knaus Tabbert currently has a market value of almost 700 million euros. Since the majority of the shares belong to financial investors, the market capitalization of the free float relevant for inclusion in a Dax selection index is currently around 260 million euros. This means that the company is probably too small to be able to move up into the SDax when the index changes in September. The largest single investor is the Dutch financial investor HTP.
Manuel Taverne, head of the company’s investor relations department, said in an interview with the capital market portal goingpublic.de in July that inclusion in the SDax is one of the goals of his work. “That may sound megalomaniac to some, but I am firmly convinced that we can achieve this goal. If we are only in the SDax in five years, I have not done my job well; two years – that should be possible.”