HanseYachts AG

Earnings Release • Oct 28, 2008

News Details

Corporate | 28 October 2008 17:47

HanseYachts AG Adjusts Capacities to Its Market Environment

HanseYachts Aktiengesellschaft / Strategic Company Decision

Announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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HanseYachts AG Adjusts Capacities to Its Market Environment

Market position further expanded in past fiscal year

Impact of the financial crisis on the boat market

Fewer contracts concluded despite strong interest on the part of customers

Capacity adjusted accordingly

New models successfully presented at the 'International Hamburg Boat Show'.

Greifswald, 28 October 2008. At EUR 135 million in annual Group turnover
despite volatile economic conditions in fiscal year 2007/08, we have
realised a growth rate of 29 % and have thus become the third-largest
manufacturer of sailing yachts in the world. Our EBIT margin was approx.
5.8 percent of turnover. At nearly 10 percent, the proportion of the
contribution of motorboats to total turnover has more than doubled compared
to last year (4 percent) and - like the increased average sale price for
each yacht - also reflects HanseYachts' strategy for its product mix.

After successful completion of our expansion and modernisation investments
over the past two fiscal years, in particular at our home shipyard in
Greifswald, HanseYachts now has state-of-the-art technology and sufficient
production capacities to ensure stable corporate development - also in the
coming years, without having to make any further significant investments.
The groundwork for assembly-line production of yachts up to 80 feet has
also been created.

Consumers in the market for sailing yachts and motorboats have also been
reacting with uncertainty and hesitation because of the recent turbulence
on financial markets. Despite continued strong interest in the yachts of
all three brands in the HanseYachts Group (Hanse, Moody and Fjord) at
recent trade fairs, the number of contracts and preliminary contracts
concluded thus far is below the figures for last year.

The HanseYachts Group is proceeding on the assumption of a continuing
difficult and declining market trend and has adjusted its production
capacities accordingly. HanseYachts intends to implement streamlining
measures to permit more economical production. A short-term reduction by
approx. 110 employees in the number of staff, which had previously risen
rapidly due to the healthy growth in turnover, will also be unavoidable.
The reduction in personnel will largely affect temporary workers and those
still in the trial period. In addition

we are about to apply for a short-time working schedule to secure the
remaining jobs and to be able to respond to any fluctuations in sales
volume.

The HanseYachts Group's product portfolio is based on three brands, Hanse,
Moody and Fjord, and thus can cover a broad scope of demand. Our most
recent new developments have also just shown that top-quality concepts will
still be in demand even under cyclically difficult economic conditions. In
autumn 2008 HanseYachts brought out a number of innovations to the market
with an offensive of new models. In addition to the Hanse 400 and Hanse
320, the new Moody 41 Classic has been introduced to the public at the

International Boat Show in Hamburg; a big sister, the Moody 45 Classic,
will be shown at the International Boat Show in Düsseldorf in January 2009.
Additional models will follow. In this way, HanseYachts will be able to
take its place on the market in future with its customary grit and
innovations and improve its position with respect to its competitors.

Financial Calendar:

Annual Financial Statements to be published 30 October 2008
Interim Press Release 1st & 2nd Quarters 2008/09 10 December 2008
General Shareholders' Meeting 28 January 2009
Six-month Financial Report 26 March 2009
Interim Press Release 3rd & 4th Quarters 17 June 2009

About HanseYachts

HanseYachts is one of the fastest growing yacht shipyards in Europe.
Sailing yachts under the Hanse and Moody brands as well as motor yachts
under the Fjord brand are currently being built that range from 24 ft to 63
ft.

In 2008 HanseYachts AG is celebrating the 15th anniversary of the HANSE
brand. Under this brand the first sailing yacht produced on an assembly
line in Greifswald, the Hanse 291, was manufactured in 1993. From the very
beginning the concept of our shipyard was to offer technologically
sophisticated yachts for private ownership with convenient handling and
outstanding value for money. This, coupled with an innovative design
concept, has resulted in the success, which HanseYachts enjoys in its
markets today. HanseYachts AG has also been publicly listed on the General
Standard of the Frankfurt Stock Exchange since March 2007.

International Securities Identification Number (ISIN): DE000A0KF6M8
Securities Code Number (SCN): A0KF6M
Common Code: 028245980
Stock Market Abbreviation: H9Y

www.hanseyachts.com
www.fjordboats.com
www.moodyboats.com

Dörthe Schmeinck / Investor Relations HanseYachts AG / +49 3834 579236

28.10.2008 Financial News transmitted by DGAP

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

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