Hanseyacht’s 9M earnings have been affected by the acquisition of Privilège and the lockdown. This has resulted in lower productivity and slower production, which mechanically has increased the level of inventories with boats in progress to be finished and delivered. Due to the lack of visibility, management is now expecting a net loss for the group in FY19/20. We, however, remain positive on Hanseyachts which has a strong brand portfolio and should also benefit from its leaner s
29 May 2020
Worsened outlook but well armed for the future
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Worsened outlook but well armed for the future
HanseYachts AG (0EN5:LON) | 0 0 0.0% | Mkt Cap: 60.6m
- Published:
29 May 2020 -
Author:
Luis Pereira -
Pages:
3
Hanseyacht’s 9M earnings have been affected by the acquisition of Privilège and the lockdown. This has resulted in lower productivity and slower production, which mechanically has increased the level of inventories with boats in progress to be finished and delivered. Due to the lack of visibility, management is now expecting a net loss for the group in FY19/20. We, however, remain positive on Hanseyachts which has a strong brand portfolio and should also benefit from its leaner s