First Berlin Equity Research has published a research update on Knaus Tabbert AG (ISIN: DE000A2YN504). Analyst Ellis Acklin reiterated his BUY rating and maintained his EUR 77.00 price target.
We recently attended the Caravan Salon 2022 in Düsseldorf to get a
first-hand look at the latest RVs?including the 18 new models rolled out by Knaus Tabbert, take the pulse of the industry, and meet with KTA management. That new generations are embracing the caravanning lifestyle is not mere industry marketing buzz, as evidenced by the multi-generational crowds. We think Knaus Tabbert is set be a dominant player in the European motorhome, camper van, and towed caravan segments with an unrivalled variety of brands for all ages und budgets. Management also shared their experiences in meeting the various challenges of the past 12 months, while keeping focus on long-term targets and profit recovery. We are Buy-rated on KTA with a €77 TP.