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Knaus Tabbert declines comment parent on troubles

The Hungarian unit of German motorhome maker Knaus Tabbert declined to comment on reports its parent company is filing for bankruptcy protection, business daily Világgazdaság reported on Tuesday.

Knaus Tabbert Hungary exported 4,794 trailers and 286 caravans in 2007. In the same year, it completed a Ft 100 million investment at its production base near Budapest, and it invested another Ft 100 million in a new production hall this year.

The unit had after-tax profit of Ft 86 million on revenue of Ft 3.4 billion in its business year ended July 31, 2007, Világgazdaság reported citing unaudited figures from the company. Profits fell from HUF 123m in the previous year, but revenue rose from Ft 3.3 billion. (MTI – Econews)