EQS-News
KNAUS TABBERT SUCCESSFULLY STARTS THE 2024 FINANCIAL YEAR - STRONG INCREASE IN EARNINGS IN THE FIRST QUARTER OF 2024
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- Group revenue up 2.2% to EUR 376.7 million in Q1 2024
- Adjusted EBITDA rises by 18.5% to EUR 38.8 million
- Forecast for 2024 financial year confirmed, strong growth expected
EQS-News: Knaus Tabbert AG / Key word(s): Quarterly / Interim Statement/Forecast |
- Group revenue increases by 2.2 per cent to EUR 376.7 million in the first quarter of 2024
- Adjusted EBITDA increases disproportionately to revenue by 18.5 per cent to EUR 38.8 million
- KNAUS, WEINSBERG and MORELO remain leaders in new registrations
- Forecast for the 2024 financial year confirmed
in EUR mill. | 01.01. to 31.03.2024 | 01.01. to 31.03.2023 | 01.01. bis 31.03.2022 | Change |
Revenue | 376,7 | 368,5 | 222,3 | 2,2% |
thereof premium segment | 327,7 | 323,1 | 190,1 | 1,4% |
thereof luxury segment | 49,0 | 45,4 | 32,2 | 7,9% |
Total output | 388,4 | 380,7 | 212,1 | 2,0% |
EBITDA | 38,1 | 32,7 | 16,2 | 18,5% |
EBITDA adjusted | 38,8 | 32,7 | 16,2 | 18,5% |
EBITDA-margin adjusted | 10,3% | 8,9% | 7,3% | |
Net income | 18,2 | 17,0 | 6,2 | 6,6% |
Earnings per share (in EUR) | 1,77 | 1,71 | 0,62 | 3,4% |
Overall, consolidated Group revenue increased by 2.2% to EUR 376.7 million in the first quarter of 2024 (previous year: EUR 368.5 million). EBITDA adjusted for special items rose from EUR 32.7 million to EUR 38.8 million in the reporting period, an increase of 18.5 per cent. The adjusted EBITDA margin increased significantly to 10.3% (previous year: 8.9%).
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