Brief: HanseYachts Q3 EBITDA Loss Widens To EUR 3.4 Mln

HanseYachts AG

30/05/2022 09:42

May 30 (Reuters) - HANSEYACHTS AG  H9YG.DE :
    * INTERIM REPORT OF THE MANAGEMENT  ON THE THIRD QUARTER OF
2021/2022
    * INCREASED ITS REVENUES BY 30.7% IN FIRST NINE MONTHS OF
CURRENT
FINANCIAL YEAR (1 JULY 2021 TO 31 MARCH 2022)
    * ORDER INTAKE INCREASED BY EUR 13.7 MILLION TO EUR 44.6
MILLION
IN Q3 OF 2021/2022 (Q3 2020/2021: EUR 30.9 MILLION, +44%)
    * HANSEYACHTS AG'S REVENUES IN Q3 OF 2021/2022 WERE UP BY
EUR 8.3
MILLION COMPARED WITH SAME QUARTER IN PREVIOUS YEAR, AMOUNTING
TO EUR 31.1 MILLION (Q3 2020/2021: EUR 22.8 MILLION, +36%
    * GROSS PROFIT OF EUR 16.4 MILLION EARNED IN Q3 OF 2021/2022
WAS
EUR 0.6 MILLION LESS THAN YEAR-AGO FIGURE OF EUR 17.0 MILLION
    * EBITDA CAME TO EUR -3.4 MILLION IN Q3 OF 2021/2022 (Q3
2020/2021: EUR -0.3 MILLION)
    * WAR IN UKRAINE AND SANCTIONS IMPOSED AGAINST RUSSIA HAVE
NOT YET
HAVE ANY DIRECT IMPACTS ON SALES OF HANSEYACHTS AG
    * EBITDA CAME TO EUR -6.5 MILLION IN FIRST NINE MONTHS OF
2021/2022 (FIRST 9 MONTHS OF 2020/2021: EUR -4.8 MILLION)
    * OWING TO CURRENT SUPPLY BOTTLENECKS, PRODUCTION OF
SELECTED
PRODUCTION LINES HAS SLOWED DOWN AND/OR LED TO SIGNIFICANTLY
INCREASED INVENTORIES OF UNFINISHED YACHTS. EXECUTIVE BOARD
EXPECTS THAT DELIVERY SITUATION WILL NOT EASE UNTIL JULY TO
SEPTEMBER 2022, NAMELY IN Q1 OF NEXT FINANCIAL YEAR 2022/2023
    * TAKING INTO ACCOUNT INCOME TAXES, CONSOLIDATED LOSS CAME
TO EUR
-12.2 MILLION IN FIRST NINE MONTHS OF 2021/2022 (FIRST 9 MONTHS
OF 2020/2021: EUR -10.5 MILLION)
    * OUTLOOK 2021/22: EXECUTIVE BOARD EXPECTS A NEGATIVE
(CONSOLIDATED) EBITDA REACHING HIGH SINGLE-DIGIT MILLIONS AND A
CONSOLIDATED NET LOSS FOR YEAR IN LOW DOUBLE-DIGIT MILLIONS

Source text for Eikon:  ID:nEQ38jtZBa 
Further company coverage:  H9YG.DE 

 (Gdansk Newsroom)
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