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    H9Y   DE000A0KF6M8

HANSEYACHTS AG

(H9Y)
  Report
Real-time Estimate Tradegate  -  07:17 2022-12-08 am EST
2.975 EUR   -1.16%
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HanseYachts Aktiengesellschaft: HanseYachts obtains put option  for selling the shareholding in Privilège Marine SAS

06/16/2022 | 09:57am EST

DGAP-Ad-hoc: HanseYachts Aktiengesellschaft / Key word(s): Strategic Company Decision/Disposal
HanseYachts Aktiengesellschaft: HanseYachts obtains put option  for selling the shareholding in Privilège Marine SAS

16-Jun-2022 / 15:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


HanseYachts, through its subsidiary Privilège Marine Holding GmbH, today agreed on a unilateral right of sale (put option) to sell its entire shareholding in Privilège Marine SAS, France, to a consortium around its long-time CEO Gilles Wagner and a group of customers of the brand acting as investors.

If HanseYachts exercises the put option after receiving the statement of the works council of Privilège Marine SAS, which must be consulted beforehand under French law, the corresponding share purchase agreement can be expected to be concluded until July 2022; HanseYachts then expects the transaction to be executed by October 2022 at the latest. However, the transaction is still subject to further conditions.

As a result of the sale of Privilège Marine SAS for a symbolic purchase price, HanseYachts AG, as group parent company, would deconsolidate Privilège Marine SAS. In the individual financial statements of HanseYachts AG for the relevant fiscal year prepared in accordance with the German Commercial Code (HGB), significant assets in the amount of approximately EUR 15 million would be written off, while having a significantly smaller impact on the consolidated earnings. Even when taking into account a possible sale, the equity of HanseYachts AG (HGB separate financial statements) has developed positively since the last fiscal year-end (June 30, 2021). An extraordinary, unplanned expense from a projected disposal of assets and liabilities attributable to the company of approximately EUR 1.5 – 2.0 million would have to be reported in the consolidated financial statements for the relevant fiscal year. In the event of deconsolidation, the Management Board expects corresponding revenue reductions from fiscal year 2022/2023 onwards due to the discontinuation of

catamaran sales (currently contributing approximately 6% to consolidated revenue in the current financial year 2021/2022), but at the same time positive effects on HanseYachts AG's consolidated earnings, particularly in fiscal year 2022/2023, due to the separation from risks. HanseYachts AG is adhering to its most recently published forecast for fiscal year 2021/2022, which ends on June 30, 2022.

HanseYachts AG

Management Board


16-Jun-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: 1374605

 
End of Announcement DGAP News Service

1374605  16-Jun-2022 CET/CEST

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© EQS 2022
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Financials
Sales 2022 158 M 166 M 166 M
Net income 2022 2,00 M 2,10 M 2,10 M
Net Debt 2022 32,0 M 33,6 M 33,6 M
P/E ratio 2022 -
Yield 2022 -
Capitalization 47,2 M 49,6 M 49,6 M
EV / Sales 2022 0,50x
EV / Sales 2023
Nbr of Employees 1 401
Free-Float 14,6%
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Number of Analysts 1
Last Close Price 3,01 €
Average target price 3,50 €
Spread / Average Target 16,3%
Managers and Directors
Hanjo Runde Chief Executive Officer
Sven Göbel CFO, Director-Finance & Production
Gert Purkert Chairman-Supervisory Board
Jens Gerhardt Chief Technology Officer
Frank Forster Vice Chairman-Supervisory Board
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