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 29.00 price target.

Abstract
Knaus Tabbert announced it has hammered out a new agreement with its bank consortium for its existing syndicated loan facility. The bank syndicate led by Commerzbank AG agreed to amend terms of the existing loan after reviewing the RV maker’s multi-year business plan spanning 2025 to 2027. Other syndicate partners include Norddeutsche Landesbank Girozentrale and Raiffeisenlandesbank Oberösterreich AG Zweigniederlassung Süddeutschland. Media reports in the past months had hinted that talks with its financing partners had been supportive, but the official statement should further allay investors’ insolvency fears that had been building since late 2024. The company will host a conference call in conjunction with publication of its annual report on 1 April. We are Buy-rated on KTA with a €29 target price.