HanseYachts AG Reports Consolidated Earnings Results for the First Quarter Ended September 2018; Provides Earnings Outlook for the Full Year Ending on June 30, 2019
The company also provided earnings outlook for the full year ending on June 30, 2019. The company is expecting a significant increase in results compared to the previous year. This expectation is based both on the impressive volume of orders as well as on the positive resonance from boat shows. In addition, a reduction in the cost of materials which was initiated in fiscal year 2018, as well as improvements in efficiency in production processes and effects from price increases in the first half of calendar year 2018 have yielded visibly positive results. The management board expects a positive consolidated net result for the Group in the single-digit million range.