Slides
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Travel independently . Experience freedom . EARNINGS RELEASE H1 2026 6 August , 2026 Knaus Tabbert Wir bewegen
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KNAUS TABBERT AG MANAGEMENT BOARD Thomas Nickel Chief Executive Officer Radim Sevcik Chief Financial Officer Matjaž Grm Chief Sales Officer
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H1’26 EBITDA MATERIALLY IMPROVED VS. LAST YEAR Substantial margin improvement generated on stable total output REVENUE & ORDERBOOK In EUR mill. 294ORDERBOOK 340 ADJ. EBITDA & EBITDA MARGIN In EUR mill. / % of revenue 22,7 36,0 4,0% 7,1% 0,0% 2,0% 4,0% 6,0% 8,0% 10,0% 12,0% 0,0 5,0 10,0 15,0 20,0 25,0 30,0 35,0 H1 2025 H1 2026 REVENUE 506,9 519,4 -64,9 +15,5 H1 2025 H1 2026 571,7 503,9 + 15,5 % YoY % - 11,9 % + 2,5 % INVENTORY CHANGE AND OTHERS TOTAL OUTPUT
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CASHFLOW (H1 ‘26) In EUR mill. INVENTORIES In EUR mill. TRADE RECEIVABLES In EUR mill. TRADE PAYABLES 190 186 H1 2025 H1 2026 54 54 H1 2025 H1 2026 46 46 H1 2025 H1 2026 11,5 -3,0 18,9 -5,4 -11,3 -11,3 Net Income Working Capital ∆ Other effects Investing Cashflow Interests paid Financial liabilities ∆ Net change in Cash -5 0 5 10 15 20 25 30 Operating CF: EUR +27,4 mill. Investing CF: EUR -5,4 mill. Financing CF: EUR -22,6 mill. H1’26 WITH POSITIVE CASHFLOW FOR DEBT SERVICE Effects coming from operations and careful capex management Net Working Capital at EUR 195m (down EUR 3m from EUR 198m at the end of H1’25) Net Debt level at EUR 296m (up EUR 22m from EUR 274m at the end of H1’25) -0,5
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Q2’26 REGISTRATIONS HAVE DECLINED YoY MY’26 YTD more positive and June showing signs of stabilization EUROPE – RV MARKET REGISTRATIONS BY SEGMENT* GERMANY – RV MARKET REGISTRATIONS BY SEGMENT* 0 2000 4000 6000 8000 10000 12000 14000 16000 18000 20000 Sep Okt Nov Dec Jan Feb Mar Apr May Jun MY25 MY26 0 1000 2000 3000 4000 5000 6000 7000 Sept Okt Nov Dec Jan Feb Mar Apr May Jun MY25 MY26 MOTORIZED CARAVANS 0 2000 4000 6000 8000 10000 12000 Sep Okt Nov Dec Jan Feb Mar Apr May Jun MY25 MY26 0 1000 2000 3000 4000 5000 6000 7000 Sept Okt Nov Dec Jan Feb Mar Apr May Jun MY25 MY26 MOTORIZED CARAVANS Total* Total* Total* Total* 117.380 121.730 60.679 61.880 37.311 36.304 16.381 15.020 (+ 3,7 %) (+ 2,0 %) (- 2,7 %) (- 8,3 %) Q2´26 - 14,6 % YoY Q2´26 + 1,0 % YoY Q2´26 - 0,2 % YoY Q2´26 - 24,4 % YoY *Sept - Jun
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FOR THE FINANCIAL YEAR 2026, WE EXPECT TO ACHIEVE AROUND EUR 950m IN REVENUE AND AN ADJUSTED EBITDA MARGIN TO COME WITHIN THE REFINED RANGE OF 5.0% TO 6.0%. OUTLOOK 2026 Latest market developments further underline the need for cautious steering in H2’26
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Thank you very much for your attention!
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DISCLAIMER This presentation is for information purposes only and contains forward-looking statements. The information is current at the time of the presentation and is subject to change without notice. No reliance may be placed for any purpose on the accuracy, completeness or fairness of the information. The information presented is part of a verbal presentation and information contained herein are to be considered in the context of such presentation. Knaus Tabbert AG assumes no obligation to update or correct the information.