HanseYachts AG

Earnings Release • Jun 13, 2008

News Details

Ad-hoc | 13 June 2008 07:22

HanseYachts AG: Earnings and Margins Improve in 3rd Quarter

HanseYachts Aktiengesellschaft / Interim Report

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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Interim Financial Report for the 2nd Half of Fiscal Year 2007/2008 in
Accordance with Article 37x of the German Securities Law (WpHG)

Earnings and Margins Improve in 3rd Quarter

Greifswald, 13 June 2008 – HanseYachts AG in Greifswald, one of the fastest
growing yacht builders in Europe, has successfully concluded the 3rd
quarter of fiscal year 2007/2008. The 3rd and 4th quarters are usually
HanseYachts AG's strongest quarters, seasonally speaking, as in that time
frame most of the yachts for a given year are delivered and hence their
turnover is realised. In the 3rd quarter, it was partially possible to
offset the seasonal factors and charges to earnings mentioned in
HanseYachts' financial reports for the 1st and 2nd quarters as at 31
January 2008. The 4th quarter will also contribute to improving earnings
and margins.

Earnings

Group turnover for the 3rd quarter was €36.8 million (€27.7 million last
year), earnings before taxes were €3.0 million (€3.5 million last year) and
EBIT was €2.8 million (€3.4 million last year). The EBIT margin for the 3rd
quarter was 7.6 percent.

In the first three quarters of the current fiscal year, 1 August 2007 to 30
April 2008, the HanseYachts Group had turnover of €86.8 million (€64.6
million last year) and total revenues of €93.6 million (€71.8 million last
year). Growth in turnover thus amounted to about 34 percent. At €3.5
million, Group earnings were substantially below last year's figure of €5.9
million. At €2.6 million, EBIT for the first nine months of fiscal year
2007/2008 was also below the figure for the same period last year (€5.9
million). EBIT margin is 3 percent (9,1 percent last year).

Market situation and product palette

The general economic situation has had an impact on the purchasing
behaviour of our customers. We have reacted on the demand for yachts over
40 feet in length. Thanks to its flexible production system, HanseYachts
has succeeded in increasing production for example for its largest model at
present, the Hanse 630, by about 30 percent. The production capacity for
motor yachts of the Fjord brand has also been raised.

The new deck-saloon sailing yacht, Moody 45 DSe, successfully premiered in
Southampton in February and in Greifswald in April. At present, three
additional Moody models are under development and are expected to be
introduced for the 2008/2009 season. At Fjord additional models are also
under development for the coming season. The HanseYachts Group will thus
offer a significantly expanded palette of products for both brands in the
coming fiscal year.

Capacities expanded

During the period reported here, significant progress was achieved in
production. In May glass fibre production began operation in
Goleniow/Poland. There hulls and decks are produced for final assembly of
several of Hanse's sailing-yacht models as well as for Fjord's motor yachts
in Greifswald. A new assembly line has been built at our main shipyard in
Greifswald. It was primarily built for assembly-line production of the
Hanse 630 and the new Moody models. Moreover, wood construction has been
expanded in Greifswald. Both measures will create capacities for
manufacturing yachts that exceed 60 feet in length. The new production
facilities are scheduled to begin operation in June. During the 3rd
quarter, €6,2 million was invested in these facilities.

Outlook

The outlook for all of fiscal year 2007/2008 (until 31 July) remains
unchanged. An EBIT margin of around 5 percent is expected on turnover of
about €135 million.

About HanseYachts
HanseYachts AG is one of the fastest growing shipyards in Europe. Under the
brand Hanse, Moody and Fjord sailing and motor yachts are currently being
built in a range from approx. 10 meters to 20 meters (32ft to 63ft).
HanseYachts AG has also been publicly listed on the General Standard of the
Frankfurt Stock Exchange since March 2007. In fiscal year 2006/07
(31/7/2007), turnover was €105.2 million (€66.3 million in the previous
year). A total of 850 yachts were produced in fiscal year 2006/07 (586 in
the previous year). Around 500 employees were working for the HanseYachts
Group at the end of the last fiscal year.

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

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

13.06.2008 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, Düsseldorf, Hamburg, München,
Stuttgart

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