HanseYachts AG announced earnings results for the third quarter and nine months ended March 31, 2018. For the quarter, the company reported generated total output of EUR 39.9 million, which was up by 2.3% compared to the same period of the previous year, after taking into account the increase in inventory of finished and unfinished products in the amount of EUR 5.5 million (prior-year period: increase of EUR 2.9 million) and own work capitalised of EUR 0.4 million. Other operating income in the amount of EUR 0.7 million is EUR 0.3 million higher than in the previous year. EBITDA was EUR 0.6 million as of the end of the quarter (prior-year period: EUR 2.7 million). After taking taxes and the financial result into consideration, the company generated a quarterly loss of EUR 1.1 million (previous year: gain of EUR 0.7 million).

For the nine months, total output (sales revenue, change in inventory, own work capitalised) increased by 9.6% to EUR 98.4 million (comparable prior-year period: EUR 89.8 million). Other operating income of EUR 1.9 million is significantly below the prior-year period of EUR 3.2 million, since the previous year included the extraordinary income of EUR 2.2 million from the write-up of the "Fjord" brand. EBITDA declined in the nine-month reporting period from EUR 4.6 million in the previous year to minus EUR 0.4 million in the current reporting period. The financial loss remained unchanged at EUR 1.3 million, most of which is the planned interest payments of the 8% 2014/2019 bond. After income tax, consolidated net income amounted to minus EUR 5.9 million (previous year period: minus EUR 1.0 million). Revenue was EUR 85.2 million against EUR 80.2 million a year ago.

The company expects it will report a consolidated net loss as of 30 June 2018.

The management board assumes that the subsequent 2018/2019 financial year that begins 1 July 2018 will again show positive consolidated net income with moderate revenue growth.