HanseYachts AG

HanseYachts AG Continues Its Turnaround in Profitability Despite Market-Driven Revenue Decline

HanseYachts AG today announces its preliminary financial results for the first half of fiscal year 2025.

Preliminary Key Financial Highlights (YTD June 2025 vs. YTD June 2024):

• Revenue: 77,37 million € (previous year: 90,70 million €)
• Operating EBITDA: 6,15 million € (up from 3,95 million €) *
• Operating Result: 1,08 million € (up from -1,18 million €) *
• Excludes restructuring-related gains and losses for comparability
  The revenue decline reflects broader market conditions impacting the global boatbuilding industry.
  Nevertheless, HanseYachts delivered a significant improvement in profitability.
  Strong Operating Performance
  Operating EBITDA rose to 6,15 million €, reflecting the impact of efficiency initiatives, optimized
  production workflows, and a more focused sales approach. The results confirm the company’s return
  to sustainable operating performance in its core business.
• Increase of Operative Result incl. One-Time Restructuring Effects
  Productive discussions with the financing banks, the federal state, and the previous majority
  shareholder have resulted in an agreement on a comprehensive debt waiver, which has had a positive
  effect on the Profit including restructuring effects: Net Profit including Restructuring Effects: 23,16
  million €.

Hanjo Runde, CEO HanseYachts AG, commented:

“The current market environment remains marked by uncertainty, with customer sentiment noticeably
subdued across the global yacht market. Against this backdrop, our team delivered a strong
performance in the first half of the year, which we can build on. We have taken targeted steps to
position ourselves robustly -both operationally and strategically- even as the overall development of
the market remains to be seen.”

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