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Financial Report for First Half of Fiscal Year 2009/2010

HanseYachts AG's financial statements for the first half of this fiscal year were published on 25 March 2010.

Management has detected a slight upturn in the market for water-sports craft in comparison to last year, which has also been reflected in the most recently attended boat shows.

Altogether HanseYachts AG has thus succeeded in achieving excellent sales, and the volume of new orders has substantially exceeded last year's level.

In the first 6 months there has been a slight increase in turnover in comparison to the same period last year and in part costs have again been significantly reduced. Despite these improvements, earnings before income taxes (EBT) were minus EUR 7.8 million, which was nevertheless EUR 2.5 million better than last year.

For the second half of this fiscal year, we expect positive monthly results and cash flow, thereby achieving partial compensation to offset previous losses.

The complete report is available to you for downloading on our web site under Publications / Financial Reports.

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