Hanse Yachts reported net sales of $50.8 million (€48.2 million) in the first quarter of fiscal 2023-24, an increase of 37% compared with the previous year. The company increased its preliminary EBITDA to $3.7 million (€3.5 million). EBITDA margin also reached a record 7.3%.
“After difficult times, the effect of consistent implementation of our corporate strategy is now showing very clearly here,” CEO Hanjo Runde said in a statement. “Our product and pricing policy, the market success of our newly introduced models, the optimization of our processes, and our new work, safety and quality culture have made this result possible.”
For the full year, the executive board said it expects net sales in the range of $190 million to $211 million (€180 million to €200 million), EBITDA in the mid- to upper single-digits, and a consolidated result in the low single-digit-million-euro range.
