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HanseYachts Aktiengesellschaft: Interim Report of the management on the first quarter of 2021 / 2022

DGAP-News: HanseYachts Aktiengesellschaft / Key word(s): Quarterly / Interim Statement/Quarter Results HanseYachts Aktiengesellschaft: Interim Report of the management on the first quarter of 2021 / 2022 22.11.2021 / 07:00 The issuer is solely responsible for the content of this announcement. HanseYachts AG doubles its operating performance and generates positive EBITDA in Q1 2021/2022 - Order intake reaches record level after 52% increase

- Total operating performance more than doubled to EUR 36.1 million (PY: EUR 15.1 million, +138%)
- Consolidated revenues rise by 20% to a 13-year Q1 record of EUR 34.0 million (PY: EUR 28.4 million)
- EBITDA already positive in Q1 2021/2022 - Second-best Q1 figure in the last 13 years
- Even better result prevented by supply chain disruptions
- Group-wide order backlog rises by 130% to EUR 245.6 million (PY: EUR 106.7 million)
- Sound liquidity position
- Positive outlook subject to coronavirus developments: Substantially higher revenues and earnings expected in
   the 2021/2022 financial year

Revenues and earnings

HanseYachts AG has reported a successful first quarter of 2021/2022 (July to September 2021) with record-high revenues and order intake. In the first three months of the 2021/2022 financial year, the company generated consolidated revenues of EUR 34.0 million (PY: EUR 28.4 million) and a total operating performance of EUR 36.1 million (PY: EUR 15.1 million). Both these figures are Q1 records, indicative of a 20% increase in revenues and a 138% increase in total operating performance over the respective figures for the first quarter of last year. Total operating performance is composed of revenues, the change in inventories of finished and unfinished goods, and internal performance capitalized. The greater increase in total operating performance resulted from the substantial decrease in inventories of finished goods (EUR -13.6 million) in the comparable year-ago period and the increase in inventories (EUR +1.5 million) in the current reporting period. The inventory increase in Q1 2021/2022 was caused by delayed yacht deliveries to customers due to late deliveries of inputs by suppliers as a result of the pandemic.