Norwegian Cruise Line Holdings announces strong revenues

The Bermudian company operating cruise ships has reported high earnings in the second quarter of 2017, when compared to last year

According to the official figures for the second quarter of this year, the company has registered a $198.5 million GAAP net income, which translates into $0.87 per share.

The increase is considerable if compared to 2016, when the representatives reported a $145.2 million net income or $0.64 per share.

For the second quarter of this year, the adjusted net income has also increased, from $193 million to $233 million.

Official figures show that the total revenue is up by 13.3 per cent, summing up $1.3 billion, while gross yield is 7.4 per cent higher than in the same period of 2016.

“Positive consumer sentiment in North American and key international markets has resulted in a robust booking environment that continues to be one of the strongest in recent history which, combined with our targeted strategic revenue initiatives drove second quarter revenue and yield growth well above expectations. All three of our brands benefited from strength across each of their respective markets and contributed to our second quarter earnings beat,” explained Frank Del Rio, the president and CEO of the company.

It is expected that Norwegian Cruise Line Holdings will register record revenues for the full year, resulting in an increase by $0.14 per share.

“We are pleased to report strong booking trends across all markets for the back half of 2017 where pricing and occupancy are now up mid-single digits over prior year. Strong booking volumes and firm pricing have benefitted our booked business for the next four quarters, contributing to the increase of our 2017 full year outlook and further solidifying our expectation for strong earnings growth,” concluded executive VP and chief financial officer Wendy Beck.