Press release
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giugno 30, 2021 - Hanse Yachts
HanseYachts AG expands portfolio
Comunicato Stampa disponibile solo in lingua originale.
HanseYachts AG expands its portfolio with new motorboat brand
- Historic order record with more than 1,000 boats
- EBITDA forecast for the 2020/2021 financial year lowered due to pandemic
- Portfolio expansion with a new brand for outboard motorboats in the 2021/2022 financial year
- Acquisition of a plot of land in the vicinity of the Polish shipyard to expand capacity
Greifswald, Germany, 30 June 2021: For the first time in the company history, #hanseyachts AG’s incoming orders have exceeded the 1,000 boat mark. The 2020/2021 financial year ended on 30 June and was exceptional for the company in all respects. Sales of #hanseyachts AG products developed particularly positively. The consumer demand for an own boat as a safe option for a relaxed holiday is very high in general. As industry leader in digitalization, #hanseyachts benefits particularly strongly from this development. As customers were unable to visit trade shows worldwide, HanseYachts’s brands are presented sufficiently in high detail digitally to that purchasing decisions can be made in front of the computer screens. This resulted in an order intake that, after deduction of the dealer margin, reached a revenue of over EUR 230 million and included more than 1,000 boats for the first time. This value also surpassed the boom year 2007/2008, when 940 boats were ordered at a significantly lower value.
Effects on the earnings forecast due to delivery delays
The impact of the COVID-19 pandemic on production continued in the fourth quarter of the 2020/2021 financial year. After Corona-related production delays between November 2020 and March 2021, problems in the supply chains affected the completion of boats from April 2021 onwards. Suppliers throughout Europe temporarily lacked raw materials to produce stainless steel products and electronic components, as well as upholstery and toilets. Since April, #hanseyachts AG has therefore been storing between 45 and 65 boats already gone through production, which are 99% complete. However, the lack of only a few components at a time leads to a delay in the delivery of these boats. The Executive Boards would like to take this opportunity to thank the employees and customers for their patience in this situation. 45 to 65 boats represent a calculated value of EUR 10 to 15 million. After the delivery of the parts still necessary for completion, the boats are ready for delivery in the short term and can then flow into the accounts in terms of turnover and profit. As not enough parts have been delivered in time to date to allow completion by the end of the financial year on 30 June, however, the completion of these boats will have to be postponed to the new financial year 2021/2022. Accordingly, the EBITDA forecast for the 2020/2021 financial year had to be adjusted from “lower than previous year” to “negative in the low single-digit millions”. All other forecasts for the 2020/2021 remain unchanged. The forecast for the new 2021/2022 business year will be published with the 2020/2021 annual and consolidated financial statements on 27 October 2021.
Further information in the press release to download
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