Hanseyachts reported a very robust set of FY18/19 results, with a strong performance in all KPIs. The average selling price also improved to a record level of €250k per boat, benefiting from a better mix in motor boats, but not only. We start to see the benefits related to efficiency measures implemented last year, resulting in lower production costs. Therefore, we believe the company is now well oriented and prepared for the coming years. Buy rating confirmed.
30 Oct 2019
On track for the future
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On track for the future
HanseYachts AG (0EN5:LON) | 0 0 0.0% | Mkt Cap: 60.6m
- Published:
30 Oct 2019 -
Author:
Luis Pereira -
Pages:
2
Hanseyachts reported a very robust set of FY18/19 results, with a strong performance in all KPIs. The average selling price also improved to a record level of €250k per boat, benefiting from a better mix in motor boats, but not only. We start to see the benefits related to efficiency measures implemented last year, resulting in lower production costs. Therefore, we believe the company is now well oriented and prepared for the coming years. Buy rating confirmed.