Die Aktien des Wohnmobilhersteller Knaus Tabbert DE000A2YN504 sind am Mittwoch nach der Ankündigung eines Produktionsstopps in zwei Werken eingebrochen. Der Kurs sackte bis zum Handelsende um 33 Prozent auf 13,12 Euro ab. Damit setzte sich die Talfahrt der vergangenen Wochen und Monate fort. In diesem Jahr fiel der Kurs damit um etwas mehr als 70 Prozent.
The company has been listed on the stock exchange since September 2020. The issue price was 58 euros. In the first few months, the share was in high demand due, among other things, to the caravanning boom during the Corona period. In April 2021, the price reached its peak at almost 74 euros - since then it has been going down little by little.
The company lowered its forecast in July and October, thereby causing significant price declines. At the end of October, the investment bank Jefferies canceled its buy rating, causing further losses. On Wednesday, the company announced that it would stop production at its Jandelsbrunn and Nagyoroszi sites in Hungary from November 18 until the end of the year.
With the reduction in production volumes, the inventories at the dealer level are to be brought to an economically sustainable level and the company's own inventories are to be reduced. As a result of the production cut, Knaus Tabbert again lowered its sales forecast. The proceeds will be well below the 1.3 billion euro mark communicated on October 22nd. The forecast for the operating margin, however, was confirmed.
In spring 2021, the company was valued at almost 800 million euros. The level is far away after the significant decline this year. The company currently only has a market value of just over 130 million euros. 41 percent of the shares belong to the Dutch investment company HTP. A quarter of the shares are owned by Catalina Capital Partners./zb/ngu