HanseYachts AG

Earnings Release • Mar 24, 2008

News Details

Ad-hoc | 24 March 2008 11:31

HanseYachts expects lower full year results

HanseYachts Aktiengesellschaft / Half Year Results

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

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Greifswald, 24 March 2008 - Greifswald-based HanseYachts AG will close the
first half of the year ended 31 January 2008 below its own earnings
expectations despite the sus-tained dynamic sales growth of 35 percent to
approx. € 50 million (approx. € 37 million in the same period last year).
The main reasons for this earnings deterioration were the relocation of
production at the site in Poland which led to temporary capacity
bottlenecks and higher expenses for purchased services as well as the
faster than initially planned expansion of the development department. In
addition, the changes in the customers’ purchasing behaviour had an impact
on the sales mix: in the period under review, the constantly strong demand
for large Hanse, Fjord and Moody yachts could not yet compensate for the
lower than expected incoming orders for smaller and medium-sized yachts due
to the production flow.
An EBIT margin of around 5 percent is expected for the present financial
year (31 July 2008). The company had expected an EBIT margin of 10 percent
so far.
On Friday, 28 March 2008, HanseYachts AG will publish its half-year report
(1 August 2007 – 31 January 2008) for the present financial year.

International Securities Identification Number (ISIN): DE000A0KF6M8
Wertpapierkennnummer (WKN): A0KF6M
Common Code: 028245980
Börsenkürzel: H9Y

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

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

24.03.2008 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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