|
EQS-Ad-hoc: Knaus Tabbert AG / Key word(s): Change in Forecast/Strategic Company Decision
Knaus Tabbert AG: KNAUS TABBERT STOPS PRODUCTION UNTIL THE END OF THE YEAR
13-Nov-2024 / 16:46 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Management Board of KNAUS TABBERT AG decided today to stop production at the sites in Jandelsbrunn and Nagyoroszi, Hungary, from 18 November 2024 until the end of the year. The objective is to reduce production volumes to bring inventories at dealer level to an economically sustainable level and to reduce own inventories.
In connection with this measure, Knaus Tabbert AG also expects consolidated revenue for the full year 2024 to be significantly lower than the EUR 1.3 billion communicated on 22 October 2024. The statement on the adjusted EBITDA margin dated 22 October 2024 remains unchanged.
Contact: Manuel TAVERNE / IR / +4915202092909
End of Inside Information
13-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
|
