Ad-hoc | 24 September 2009 12:50
HanseYachts Aktiengesellschaft / Preliminary Results/Profit Warning
24.09.2009
Dissemination 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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AD HOC ANNOUNCEMENT IN ACCORDANCE WITH ARTICLE 15 OF THE GERMAN SECURITIES
TRADING ACT
Fiscal Year 2008/09: Earnings lower than expected, Liquidity in line with
forecast, Marketing successful
Greifswald 24 September 2009 - In all likelihood, the HanseYachts Group's
EBITDA for fiscal year 2008/09 (31 July 2009) will be approx. -12.9 million
Euro and will thus be below expectations. The main reason for this result
is the continuing weak market environment. The sales volume for the 4th
quarter was weaker than expected, inter alia, in the market for larger
yachts with greater profit margins. Moreover, increased expenditures for
materials and personnel as well as external costs have accrued, in
particular for the production of prototypes and trade-fair boats of newly
developed models, not to mention structural adjustments on the
manufacturing side.
EBIT will probably be approx. -21.0 million Euro. HanseYachts had
previously assumed that EBIT would be -14 million Euro. We have taken the
weak international motorboat market into account by means of an unscheduled
impairment of approx. 3.9 million Euro on the goodwill and the brand from
the acquisition of Fjord Boats AS. The amortisation, depreciation and
write-downs will total approx. 8.1 million Euro.
Liquid funds amount to 11.0 million Euro and are thus in line with
HanseYachts' forecast.
The HanseGroup comprises the Hanse, Fjord and Moody brands as well as
Dehler since June 2009.
Newly developed yachts, such as the Hanse 375 and 545 and the Moody 62 DS,
as well as additionally enhanced special models, such as the Hanse 320
'Smartline', are currently being presented to an international public at
the autumn boat shows. Sales successes thus far have led to high capacity
utilisation for our production facilities for several months.
On 30 September 2009, HanseYachts AG will publish its press release on its
preliminary annual net earnings for the past fiscal year. The Annual Report
will be published on 27 October 2009.
International Securities Identification Number (ISIN): DE000A0KF6M8
Securities Code Number (WKN): A0KF6M
Common Code: 028245980
Stock Market Abbreviation: H9Y
www.hanseyachts.com
www.fjordboats.com
www.moodyboats.com
24.09.2009 Financial News transmitted by DGAP
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Language: English
Company: HanseYachts Aktiengesellschaft
Salinenstr. 22
17489 Greifswald
Deutschland
Phone: +49 (0)3834-5792-0
Fax: +49 (0)3834-5792-30
E-mail: ir@hanseyachts.com
Internet: www.hanseyachts.com
ISIN: DE000A0KF6M8
WKN: A0KF6M
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, München, Düsseldorf, Stuttgart,
Hamburg
End of News DGAP News-Service
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