Knaus Tabbert AG: A Year of Profitability Recovery Predicted for 2026

First Berlin Equity Research has released a new analysis on Knaus Tabbert AG. Analyst Ellis Acklin maintained his BUY rating, yet lowered the price target from EUR 24.00 to EUR 22.00. This decision follows the company's 2025 financial report which highlighted ongoing challenges due to a tough market environment. However, Knaus Tabbert's initial guidance for 2026 was more optimistic, forecasting approximately €950 million in revenue and an AEBITDA margin increase to between 5.0% and 7.0%, up from 2.7% in 2025.

The earnings call hinted at an earnings recovery in 2026, driven mainly by internal strategies rather than market factors. Key variables affecting this outlook include the health of the dealer network and supply chain stability. With refinancing looming in 2027, improving profitability this year is seen as crucial.