HanseYachts AG

Earnings Release • Mar 11, 2009

News Details

Ad-hoc | 11 March 2009 17:40

HanseYachts AG: Downturn in turnover and earnings in the 1st and 2nd quarters. Financial situation remains stable.

HanseYachts Aktiengesellschaft / Half Year Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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* Consolidated Group EBIT at - EUR9.8 million

* Turnover drops ca. 58 % to EUR21 million

* Negative results expected for all of 2008/2009

* Financial situation remains stable

Greifswald, 11 March 2009 - The economic crisis has also left its mark on
HanseYachts AG. A sustained slump in demand as well as a persistently
strong euro and an accompanying rise in the cost of our yachts in the
non-euro markets have been the main reasons for the negative developments
in HanseYachts AG's business in the first six months (until 31 January
2009) of fiscal year 2008/2009. The typical seasonal revival in demand that
is usually to be expected has not materialised thus far despite some
excellent sales success at boat shows. At EUR21 million, sales revenues
were
58 percent below those for a comparable time frame last year (EUR50 million
last year). The HanseYachts Group had an EBIT of - EUR9.8 million for the
first two quarters (- EUR0.2 million last year).

Reductions in our work force and opportunely implemented measures to adjust
capacities to demand will first have a significant impact on lowering costs
in the second half of this fiscal year because of the

time period for redundancy notice and follow up effects.

Owing to the overall developments in the economy, HanseYachts AG will not
be announcing any forecasts with respect to turnover and earnings. For the
entire fiscal year, HanseYachts' management is expecting turnover to
decrease on the order of the current percentage figure. The expectation
entertained until now that the negative results of the 1st quarter could be
offset during the course of this fiscal year cannot be upheld. The measures
implemented thus far to cut costs will be continued as planned.

With an equity to total capital ratio of 70 percent and ample cash funding,
HanseYachts has a sound financial base despite the current sustained crisis
on international financial markets.

International Securities Identification Number (ISIN): DE000A0KF6M8

Wertpapierkennnummer (WKN): A0KF6M

Common Code: 028245980

Börsenkürzel: H9Y

www.hanseyachts.com

www.fjordboats.com

www.moodyboats.com
11.03.2009 Financial News transmitted by DGAP

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Language: English
Issuer: HanseYachts Aktiengesellschaft
Salinenstr. 22
17489 Greifswald
Deutschland
Phone: +49 (0)3834-5792-0
Fax: +49 (0)3834-5792-30
E-mail: zentrale@hanseyachts.com
Internet: www.hanseyachts.com
ISIN: DE000A0KF6M8
WKN: A0KF6M
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart, München, Hamburg,
Düsseldorf

End of News DGAP News-Service

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