HanseYachts AG

Earnings Release • Sep 30, 2008

News Details

Corporate | 30 September 2008 10:34

HanseYachts AG: Press Release on Business Results for 2007/08

HanseYachts Aktiengesellschaft / Final Results

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

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In a weak market climate, HanseYachts-Group has slightly exceeded its
forecasts of March and June 2008 for turnover and earnings for fiscal year
2007/08.
According to tentative figures, the HanseYachts Group has succeeded in once
again significantly increasing its turnover for fiscal year 2007/08.
Turnover thus rose by 28.6 percent from EUR105.2 million to EUR135.3
million. Total revenues (turnover plus fluctuations in inventories and
other internally capitalized assets) reached EUR140.0 million (EUR108.6
million last year).

Group earnings after taxes amounted to EUR6.5 million (EUR7.3 million last
year).

EBIT was EUR7.8 million (EUR11.0 million last year). This resulted in an
EBIT margin (EBIT/turnover) of 5.8 % after 10.4 % last year.

Strategic expansion of our turnover and market shares has demanded a
build-up in our work force and production capacities so that the figures
for our results for the past fiscal year are somewhat lower than those for
last year. The main factors for this decrease in results have been
identified as expenditures for materials, personnel and depreciation.
Consequently, the materials input ratio decreased by 3.6 percentage points
to 71.5 % after 67.9 % last year.

In addition to the pressure on prices in our sales markets, this can be
primarily attributed to temporarily higher expenditures caused by
periodical outsourcing of plastics-manufacturing capacities and delays in
putting our new production facilities in Poland into operation as well as
to increased prices for raw materials.

Higher personnel costs resulted from expanding the production capacities
that sporadically led to step costs. Setting up new departments and
expanding existing ones (e.g. putting the GRP production facility on stream
in Greifswald and expanding the Development Department) as well as wage
hikes led to a rise in personnel expenditures of EUR6.9 million from
EUR11.7 million to EUR18.6 million.

In fiscal year 2007/08 investments of EUR30.3 million were made in
long-term assets that led to state-of-the-art production capacities. After
these investments, our cash resources were EUR19.5 million as at the
balance sheet date. The HanseYachts Group was thus in a position to post
positive financial results of EUR1.0 million (EUR0.6 million last year).

On 30 October 2008 HanseYachts will publish its annual report for the
fiscal year that ended on 31 July 2008.

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 10 meters
to 19.20 meters (32 ft to 63 ft). 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 (WKN): A0KF6M

Common Code: 028245980

Stock Market Abbreviation: H9Y

http://www.hanseyachts.com

Ende der Pressemitteilung / End of press release

Weiterführende Informationen, umfangreiches Bildmaterial, Spezifikationen
und vieles mehr finden Sie auf unseren Websites im Pressebereich der
HanseYachts Aktiengesellschaft. Bitte besuchen Sie den Pressebereich
unserer Website: www.hanseyachts.com / Hanse-Yachts Aktiengesellschaft
offers you beyond informations, extensive photographic materi-als,
Specifications, and much more. We invite you to visit our Press Area at
www.hanseyachts.com!
30.09.2008 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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