Brief: HanseYachts Q3 EBITDA At EUR -0.3 Mln

HanseYachts AG

26/05/2021 06:34

May 26 (Reuters) - HANSEYACHTS AG  H9YG.DE :
    * INTERIM REPORT OF THE MANAGEMENT ON THE THIRD QUARTER OF
2020/2021
    * REVENUES GENERATED BY HANSEYACHTS AG IN FIRST NINE MONTHS
(1
JULY 2020 - 31 MARCH 2021) OF CURRENT 2020/2021 FINANCIAL YEAR
DECLINED BY 14.1% TO EUR 71.0 MILLION
    * ORDER BACKLOG AS OF 31 MARCH 2021 ROSE BY EUR 81.8 MILLION
OR
MORE THAN 100% TO EUR 163.5 MILLION FROM YEAR-AGO LEVEL OF EUR
81.7 MILLION
    * EBITDA (EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND
AMORTIZATION) CAME TO EUR -0.3 MILLION IN Q3 OF 2020/2021 (Q3
2019/2020: EUR +1.5 MILLION)
    * GENERATED A QUARTERLY RESULT OF EUR -2.0 MILLION IN Q3 (Q3
2019/2020: EUR -0.4 MILLION)
    * EXPECTS THAT SUPPLY SITUATION WILL IMPROVE IN CURRENT Q4
OF
FINANCIAL YEAR 2020/2021
    * EXPECTS THAT REVENUES IN CURRENT 2020/2021 FINANCIAL YEAR
WILL
BE MODESTLY LOWER THAN IN PREVIOUS YEAR
    * COMPANY'S TOTAL OPERATING PERFORMANCE SHOULD BE LOWER THAN
IN
2019/2020 DUE TO A MARGINAL DECREASE IN INVENTORIES OF FINISHED
GOODS IN FY 2020/21
    * EXPECTS THAT EBITDA FOR FULL YEAR 2020/21 WILL BE BELOW
LEVEL OF
PREVIOUS YEAR

Source text for Eikon:  ID:nEQ1Fc7NZa 
Further company coverage:  H9YG.DE 

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