NCL raises full year guidance following strong second quarter

Norwegian Cruise Line Holdings has reported GAAP net income of $226.7 million for the second quarter of financial 2018, or earnings per share of $1.01.

The figures are an increase on $198.5 million or $0.87 in the prior year. 

Shares in the company rose around four per cent following the release of the results.

Adjusted net income for the period was $271.9 million, up from $232.7 million last year.

“The continuation of the robust booking environment from our core source markets, combined with the successful execution of demand creation strategies drove higher pricing across all three brands, resulting in second quarter revenue, yield and earnings growth well above expectations,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings.

“Global consumer cruise demand shows no signs of slowing as evidenced by solid organic growth and the hugely successful introduction of Norwegian Bliss, whose record-breaking performance surpassed our high expectations.”

Total revenue for the second quarter increased 13.2 per cent to $1.5 billion

Following the release of the results, the company said it expects to generate record earnings for full year 2018 and has increased its outlook above the high end of its previous guidance range.

Adjusted earnings per share are now expected to be in the range of $4.70-$4.80.

This includes an expected $0.10 impact, split evenly between revenue and expense, as a result of the recently announced itinerary optimisation initiatives which will benefit future periods.

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