HanseYachts AG announced earnings results for the first quarter ended September 30, 2014. For the quarter, the company achieved a total output of EUR 17.8 million, which puts it at the same level as the extremely good previous year. The other operating revenues totaling EUR 0.4 million are significantly below the values for the previous year, although the revenue for the previous year includes the sale of a property, which was not essential to operation, worth EUR 1.4 million. LBITDA was EUR 3.1 million. LBIT was EUR 4.2 million and has therefore reduced by EUR 3.2 million over the previous year. Taking into account taxes and the financial result, the loss for the period is EUR 4.6 million compared to EUR 1.3 million a year ago. The difference compared with the previous year is due mainly to the income from the sale of a property not essential to operational business for a total of EUR 1.4 million in the previous year, as well as the planned startup losses for the new motor boat brand Sealine. The operating cash outflow was EUR 4.0 million, showing a slightly lower outflow of funds compared with the previous year EUR 4.2 million. The real investments in new yacht models and investments in other assets also led to a commitment of funds to a total of EUR 2.3 million.

The company provided earnings guidance for the fiscal year 2015. For the year, the company expects positive EBITDA for the current fiscal
year 2015.