Recently delisted from the stock exchange, the German shipyard HanseYachts has just unveiled its accounts for the 2023-2024 financial year, at a time when certain rumours were circulating on the pontoons, amplified precisely by the end of the compulsory financial publications to which the group was subject because of the stock exchange.

In this communication, the HanseYachts shipyard (controlled by the Aurelius investment fund) announces the highest sales figures since the company was founded, and an EBITDA among the best for 15 years.

‘After a very good first half-year, HanseYachts AG has also closed the 2023/2024 financial year as a whole with good results according to preliminary figures,’ communicates the group.

Sales for the HanseYachts Group are expected to come in at around €185 million (€184.9 million to be precise), the highest level since the company was founded. Earnings before interest, tax, depreciation and amortisation (EBITDA) would have risen to €11 million. The EBITDA margin would be 5.9%, while the preliminary consolidated result for the year would be €1.8 million.

‘This successful financial year, the second best in fifteen years, is the result of the consistent implementation of our corporate strategy," Hanjo Runde, CEO of HanseYachts AG, tells ActuNautique Yachting Art, ’ We are adapting to the normalisation of demand after the overheating of recent years, and we are working tirelessly to improve our competitiveness. We are well positioned and confident that our strategy will be successful in the long term.

‘Innovation has been key to these good results ,’ explains Stefan Zimmermann, COO of HanseYachts AG. ‘ In particular our new models such as the Moody DS48 and the Hanse 360, which are both nominated for the prestigious European Yacht of the Year award, or the Hanse 590 and the future FJORD 490 will contribute significantly to the success of our business development."

Based on preliminary figures for the past financial year, and despite a difficult market environment, HanseYachts is targeting an EBITDA margin in excess of 10%, although the timeframe for this is not yet specified.

The HanseYachts accounts have benefited from the sale of the Privilège Marine shipyard (Les Sables d'Olonne - France), which represented a veritable nest of losses, with almost €7 million of debt written off when it was sold to PPF, and also from the good economic climate of the last 2 financial years in terms of deliveries, and therefore invoicing.