HanseYachts has reported a significant decline in revenue, however the boatbuilder has reported an improvement in profitability in its preliminary financial results for the first half of fiscal year 2025.
The financial report for the six months ending June 2025 compared to the same period in 2024 shows revenue of €77.37 million versus €90.70 million in 2024.
The Group had an operating EBITDA of €6.15 million excluding restructuring-related gains and losses, up from €3.95 million in 2024.
The operating profit was €1.08 million up from an operating loss of €1.18 million for the first half of 2024.
HanseYachts says the decline in revenue reflects the broader market conditions impacting the global boatbuilding industry.
Focused sales approach
The increase in operating EBITDA reflects the impact of efficiency initiatives, optimised production workflows, and a more focused sales approach.
The company says the results confirm its return to sustainable operating performance in its core business.
In July 2025, Andreas Muller became the boatbuilder’s new majority shareholder, acquiring the shares previously held by Aurelius together with CEO Hanjo Runde.
HanseYachts says productive discussions with the financing banks, the federal state, and the previous majority shareholder have resulted in an agreement on a comprehensive debt waiver.
The current market environment remains marked by uncertainty.
Hanjo Runde
This has had a positive effect on the profit including restructuring effects which amounted to €23.16 million.
“The current market environment remains marked by uncertainty, with customer sentiment noticeably subdued across the global yacht market,” said Hanjo Runde, CEO HanseYachts.
“Against this backdrop, our team delivered a strong performance in the first half of the year, which we can build on.
“We have taken targeted steps to position ourselves robustly – both operationally and strategically – even as the overall development of the market remains to be seen.”
