Kabe reports higher sales, bets on all-wheel drive
Swedish motorhome and caravan manufacturer Kabe, based in Tenhult near Jönköping, increased sales in the second quarter compared with the same period ...
Swedish motorhome and caravan manufacturer Kabe, based in Tenhult near Jönköping, increased sales in the second quarter compared with the same period last year. Profit rose 90% and the share price jumped. CEO Alf Ekström attributes the growth to the removal of a tax that made owning a motorhome costly for three years, as well as to more dedicated parking sites across Sweden. Demand is strongest for lower-priced models, while the all-wheel-drive motorhome unveiled this week, priced at around two million kronor, targets a different segment.