HanseYachts long-standing majority shareholder Aurelius has reached a preliminary agreement with German entrepreneur Andreas Müller to acquire a majority stake in the shipyard.
The agreement is between Aurelius and shipyard CEO Hanjo Runde on key terms of the settlement.
Finalisation of the transaction is subject to further agreements by HanseYachts, in particular an agreement with the state government of Mecklenburg-Vorpommern, the financing banks, and the works council.
Among other things, this concerns the restructuring of existing liabilities.
Discussions are also taking place regarding an adjustment of production capacities due to global market uncertainties.
Negotiations are being held with the works council regarding a reconciliation of interests and a social plan with the parties engaged in intensive and constructive discussions.
My entry into the group of shareholders represents a clear commitment to HanseYachts AG and its employees.
Hanjo Runde
HanseYachts Executive Board and Supervisory Board says they are confident that a viable solution concept can be developed promptly.
“With family entrepreneur Andreas Müller, we would gain a sustainably-minded partner who can support our strategy in the long term,” said CEO Hanjo Runde.
“My entry into the group of shareholders represents a clear commitment to HanseYachts AG and its employees as well as to the state of Mecklenburg-Vorpommern and the region of Greifswald.
“We will do everything we can to find responsible solutions together with the state, the banks, and the works council.
“We will shape the upcoming transformation with the greatest possible transparency and responsibility.”
Revenues and profit
For the first quarter of 2025, HanseYachts had revenues of approximately EUR 41 million, an EBITDA margin (earnings before interest, taxes, depreciation, and amortisation) of around 12%, and a profit of two million euros.
But the shipbuilder says the industry remains exposed to significant pressures, with global economic uncertainty, weak economic conditions in core markets such as the USA and Germany and ongoing geopolitical conflicts and military confrontations.
Taken together, these factors are leading to a noticeable reluctance to invest in yachts.
Production will continue at full capacity until the end of June 2025 and will be adjusted afterwards in line with the declining demand in order to ensure the economic stability of the company.
