Brief: HanseYachts: FY 2017/2018 Earnings Forecast Will Not Be Reached

HanseYachts AG

19/04/2018 14:44

April 19 (Reuters) - HANSEYACHTS AG  H9YG.DE :
    * 9-MONTH NEGATIVE EBITDA OF EUR -0.4 MILLION (PREVIOUS
YEAR: EUR
+4.6 MILLION)
    * PRELIMINARY Q3 RESULT 2017/2018 AND FORECAST ADJUSTMENT
FOR
2017/2018 FINANCIAL YEAR
    * 9-MONTH SALES 6% UP VERSUS SAME PERIOD IN PREVIOUS YEAR
(EUR
80.2 MILLION)
    * SAYS EARNINGS FORECAST FOR 2017/2018 FINANCIAL YEAR (1
JULY 2017
TO 30 JUNE 2018) CANNOT BE REACHED
    * FOR FY 2017/2018 MANAGEMENT BOARD IS NOW EXPECTING EBITDA
TO BE
IN RANGE OF EUR +5 MILLION TO EUR +7 MILLION
    * SAYS NET INCOME FOR 2017/2018 FINANCIAL YEAR WILL DECREASE
ACCORDINGLY AND THEREFORE BE NEGATIVE
    * SEES SUBSEQUENT 2018/2019 FY TO SHOW POSITIVE CONSOLIDATED
NET
INCOME WITH MODERATE SALES GROWTH
    * IN MEDIUM TERM, COMPANY AIMS TO ACHIEVE EUR 200 MILLION
SALES
THRESHOLD WITH AN EBITDA MARGIN IN RANGE OF 10% TO 12%

Source text for Eikon:  ID:nEQ7fFsQYa 
Further company coverage:  H9YG.DE 

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