Important Information
The current headlines are defined by the events regarding the unprecedented Corona Virus. The continuous spread of the illness and its symptoms affect more and more areas or every-day life, including the tourism and travel industries. Many realise, however, that this summer a boat seems to be one of the only options for a safe holiday in regards to the current Covid-19 pandemic. Out at sea the family can remain as isolated as nowhere else and can still enjoy a wonderful holiday. Increasingly often we receive enquiries about the possibility to supply more yachts before the summer months as well as questions about pending delivery dates of ordered boats. One contract withdrawal has also come to our attention.
We would therefore like to inform our clients, suppliers and shareholders about the current status at HanseYachts AG:
1) We keep producing and are able to deliver. All conveyor belts are running at HanseYachts, six out of 8 are even on the highest level of productivity in all our corporate history. Our workforce is in good health. Our production takes place in one of Germany’s thinly populated regions, close to the coast and close to the Polish border. In order to continue to hold our current health level, last week we had to decide to ban our suppliers, our own Sales team, our clients and other visitors from entering our production halls. All employees, who are able to work from home, are doing so, and only our production workforce is entering our premises. All meetings are being held via conference calls. All business travels have been cancelled. Most boat shows until the end of May have been cancelled by the respective organisers. Boat sales are handled solely in one-to-one contacts and via telephone and email.
2) We are sold out until Mid-June. Of course we take on new orders for the summer months.
3) The production speed is currently as planned. We expect all delivery dates for our products to be complied with as planned. There is therefore no reason at all for cancellations by clients and we do not accept any contract withdrawals, the normal contract conditions apply.
4) We do not obtain any critical products from China, but some from Italy. For these goods we have changed from just-in-time deliveries to traditional warehousing. We have increased our storage capacity in order to be able to stock all goods until June and are currently in the process of extending it by two more months. Our Italian suppliers are still running their production at this time. We are currently working on finding alternatives for the non-critical parts from Italy. Therefore we can confidently say that we do not expect any shortages at the current time. Should the very rapidly changing times give us a reason to amend this statement, we will inform you immediately.
Stay healthy.
DR. JENS GERHARDT
CEO
HanseYachts AG
