Hanse Yachts, towards a return to profit in 2016/17

Hanse 315

Hanse Yachts Group announces good results for the third quarter. Boat orders and profits on the rise for Germany's No. 2 yachting company, soon to become the distributor of Privilège catamarans.

A good third quarter

The Hanse Group, Germany's second largest recreational boat manufacturer under the Hanse, Moody, Dehler, Fjord and Sealine brands, reported positive results for the third quarter of its 2016/17 financial year. Hanse Yachts AG's turnover increased by 31% compared to the same period last year. It stands at ?39 million. Boat orders over the period increased by 8% in value. The gross profit margin for the first three months of 2017 was ?16.5 million, up ?3 million.

Encouraging annual prospects

The cumulative results for the first 9 months of the financial year are also positive. The strong growth in turnover made it possible to increase from a negative net result in 2016 with -1.0 M? to +3.7 M? over the last nine months. Based on this trend, the Hanse Group expects to return to profit at the end of the 2016/17 financial year for the first time in 8 years.

Distribution of catamarans Privilege

As announced earlier this month, the Aurelius group, owner of Hanse Yachts, has acquired majority control of Privilège Marine, the French catamaran manufacturer. In this context, the Hanse network will ensure the marketing of Privilege multihulls. Industrial synergies will also be implemented, contributing to the Hanse Group's business.

More articles on channels: