HanseYachts AG
HanseYachts Aktiengesellschaft: Record level of new orders
DGAP-News: HanseYachts Aktiengesellschaft
/ Key word(s): Quarterly / Interim Statement/Quarter Results
Order backlog and new orders Dr. Jens Gerhardt, CEO of HanseYachts AG: “Demand for safe boats for individual vacations and as a refuge for families in the coming vacation season is the main reason for the bigger-than-average order backlog. This means that the market for recreational boats and thus HanseYachts AG as well are beneficiaries of the coronavirus pandemic. However, another factor contributing to the increased order backlog is digitalization as the preferred choice of new sales channels to neutralize the negative effects of the COVID-19 containment measures, including the cancellation of boat shows, for example. Moreover, we are experiencing a positive market response to our new models and our existing, extensive product range of modern sailing yachts, motor yachts and catamarans.” The continued high levels of unit sales in northern Europe, especially in Germany, the Netherlands and Norway, are likewise heartening. Spain and France are highly promising sales markets in southern Europe. Moreover, positive impetus is coming from Turkey and the boat market in the United States is solid. Revenues and earnings Outlook The well-filled order backlog provides an indication of the further course of the 2020/2021 financial year. However, the currently uncertain progression of the coronavirus pandemic, which could also entail negative effects, makes it difficult to offer a reliable forecast. Delayed or even missing deliveries of materials from Germany and abroad and a worker shortage due to employees in quarantine could have adverse effects on the production and cost situation and result in delayed deliveries of finished products. In consideration of all positive and negative effects of the coronavirus pandemic on the business of HanseYachts, the Executive Board expects that the revenues generated in the full year 2020/21 will be moderately higher and that the total operating performance will be nearly identical to the previous-year level due to the reduction of inventories of produced goods, the expected EBITDA will be slightly less than the respective prior-year figures. The profit will be considerably higher than the prior-year figure due to the absence of non-recurring charges.
30.11.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | HanseYachts Aktiengesellschaft |
Ladebower Chaussee 11 | |
17493 Greifswald | |
Germany | |
Phone: | +49 (0)3834-5792-20 |
Fax: | +49 (0)3834-5792-81 |
E-mail: | ir@hanseyachts.com |
Internet: | www.hanseyachtsag.com |
ISIN: | DE000A0KF6M8 |
WKN: | A0KF6M |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart |
EQS News ID: | 1151301 |
End of News | DGAP News Service |