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.
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