HanseYachts AG

Earnings Release • Oct 30, 2007

News Details

Corporate | 30 October 2007 16:53

HanseYachts AG: Annual financial statements for fiscal year 2006/07 now available

HanseYachts AG / Final Results

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HanseYachts Aktiengesellschaft

PRESS RELEASE

High Demand and Rising Market Share

Annual financial statements for fiscal year 2006/07 now available

Record sales and earnings

Manufacturing expanded

Greifswald, October 30, 2007 - Fiscal year 2006/07, which closed on July
31, 2007, ended with record sales and earnings for Greifswald’s yacht
builder, HanseYachts AG. Sales were increased and new market share gained
on all major markets.

In fiscal year 2006/07, sales rose by 58.6 percent to Euro 105.2 million
(Euro 66.3 million last year). Earnings before taxes (EBT) grew by 91
percent to Euro 11.6 million (Euro 6.1 million last year), while earnings
before interest and taxes (EBIT) went up by 77.4 percent to Euro 11.0
million (Euro 6.2 million last year). Group earnings doubled to Euro 7.3
million (Euro 3.7 million last year).

In this fiscal year, a total of 850 yachts were produced (586 last year).
At approx. 80 percent, exports accounted for most of them, primarily to the
rest of Europe. 'Expanding our international network of dealerships has
paid off. Exports represent one of the main factors driving our sales,'
said Michael Schmidt, founder and CEO of HanseYachts AG.

The cost of materials amounted to Euro 73.8 million or 67,9 percent of
total revenues of Euro 108,6 million (including revenues, work in progress
and own work capitalized). This proportion was slightly above last year’s
level of 67,7 percent (cost of materials: Euro 45.7 million; total
revenues: Euro 67,5 million last year) and reflects the expense involved in
starting up motorboat production as well as in expanding the palette of
models.

Compared to last year, the average number of employees increased from 284
to 423 persons, owing to the increases in production. In comparison to last
year personnel expenses thus rose by Euro 8.4 million to Euro 11.7 million.
Thanks to ongoing optimization of manufacturing processes and introduction
of assembly-line production for yachts between 43 and 54 feet in length,
the proportion of personnel expenses relative to overall revenues decreased
from 12.5 percent last year to 10,7 percent in fiscal year 2006/07.

Equity rose to Euro 64.0 million and the equity to total capital ratio to
70.1 percent (32.0 percent last year) thanks to the proceeds from
HanseYachts AG’s IPO in March 2007. HanseYachts AG received Euro 49.5
million from its successful stock issue.

The HanseYachts Group’s investments have been particularly aimed at
expanding its production capacities. At its Greifswald site, a total of
Euro 8.7 million was invested in acquiring properties and building new
factories as well as expanding production facilities and buildings. In July
2007 construction was begun in Greifswald on a manufacturing facility to
produce forms made of glass-reinforced plastics (GRP) or fiberglass. The
investment volume planned for this project is around Euro 4.6 million.
Moreover, an additional production facility is currently under construction
in Goleniów (Poland) for approx. Euro 4.4 million.

Attractive Prospects with New Brands

'Our Fjord motorboats and Moody yachts will provide additional growth. The
newly designed Fjords that we have been producing have enjoyed excellent
acceptance from the market. In January 2008, we will present our first
Moody yacht to the public,' Schmidt said.

HanseYachts acquired the premium Moody brand that is richly steeped in
tradition in March 2007. Under this brand modern deck-saloon and middle
cockpit yachts are to be produced and marketed. Furthermore, optimization
in HanseYachts’ processing of purchase orders is expected to improve profit
margins and lower capital lockup.

HanseYachts AG’s annual shareholders’ meeting will take place in Greifswald
on January 30, 2008.

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

Annual Financial Statements of HanseYachts AG – Key Figures

Group Profit and Loss Statement (Excerpt - IFRS)

                             August 1,         August 1,
                                  2006              2005
                           to July 31,       to July 31,       Chang

In EUR 2007 2006 es
105 228 66 333
Sales 389.06 103.33 58.6%
(73 763 (45 729
Cost of materials 519.00) 106.16) 61.3%
(11 666 (8 442
Personnel expenses 483.14) 361.64) 38.2%
(2 073 (1 421
Depreciation 127.96) 063.25) 45.9%
Earnings before interest 10 962
and taxes (EBIT) 281.25 6 186 841.09 77.2%
Financial results 597 500.13 (133 887.07) n.s.*
Earnings before taxes 11 559
(EBT) 781.38 6 052 954.02 91.0%
Group earnings 7 260 743.26 3 650 655.17 98.9%
Earnings per share 1.30 - n.s.*

      \* Not specified

Group Balance Sheet (Excerpt - IFRS)

In EUR July 31, 2007 July 31, 2006
Long-term assets 19 575 167.85 14 014 905.36
Short-term assets 71 807 607.86 15 991 035.37
Equity 64 036 541.74 9 600 992.09
Long-term debt 3 359 115.90 2 898 271.27
Short-term debt 23 987 118.07 17 506 677.37

Group Cash-Flow Statement (Excerpt - IFRS)

                                  August 1, 2006       1. August 2005
                                  to July 31,          to July 31,

In EUR 2007 2006
Cash flow from business activities 10 610 018.85 10 797 166.31
Cash flow from investment activities (6 880 616.95) (6 662 749.03)
Cash flow from financial activities 46 682 147.67 (659 003.36)
Financial funds at the end of this
period 56 385 290.38 5 973
740.81

HanseYachts AG │ Dörthe Schmeinck │ Presse/Investor Relations
Postfach 3165 │ D-17461 Greifswald
T +49 (0) 3834 - 579236 │F +49 (0) 03834 579283 │ E
dschmeinck@hanseyachts.com

30.10.2007 Financial News transmitted by DGAP

Language: English
Issuer: HanseYachts AG
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: Geregelter Markt in Frankfurt (General Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

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