The company has recorded revenue record of $ 1.2 billion
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in the first quarter
The operational environment safe has resulted in an improvement of the forecast annual
The Norwegian Joy, a ship designed specifically for the chinese market, joined the fleet
PARIS, may 10, 2017 – Norwegian Cruise Line Holdings Ltd. (Nasdaq : NCLH) (together with NCL Corporation Ltd., ” Norwegian Cruise Line Holdings “, “Norwegian” or ” the company “) today reported financial results for the first quarter of the fiscal year ended march 31, 2017, as well as the guidelines for the second quarter and the full year 2017.
Highlights of the first quarter of 2017
The company generated a net income (GAAP) $ 61.9 million, or an EPS of 0.27, compared to net income of $ 73.2 million dollars, or earnings per share of 0.32 dollar of the previous fiscal year. The company generated an adjusted net income of $ 91.2 million or adjusted EPS of $ 0.40, compared to an adjusted net profit of 86.7 million dollars, or the adjusted EPS of 0.38 us dollar of the previous fiscal year.
The total income has increased by 6.8 % to reach $ 1.2 billion. The gross yield has increased by 5.7 %. The return on adjusted net increased by 5.5 % in constant currency.
The result of the year 2017 on the basis of conversion in constant currency increased by 100 points, to 2.75%
The company hopes to generate a record-high profit for the year 2017 and has consequently increased its financial outlook, adjusted EPS is expected between of 3.79 3.89 usd.
“2017 starts particularly well with solid results in the first quarter and, in particular, a revenue record of $ 1.2 billion,” said Frank Del Rio, president and ceo of Norwegian Cruise Line Holdings Ltd. “The operational environment, we remained favorable thanks to growing demand in the Caribbean and high-income aboard ship, pushing the growth beyond our expectations,” continued Del Rio.
Perspective of the company
“With the end of the season the most successful in recent years, we have been able to consolidate our dominant position on the year overall, our prices and our occupancy rates are now well ahead of last year at the same time,” said Wendy Beck, Executive Vice President and Chief Financial Officer of Norwegian Cruise Line Holdings Ltd. “I am delighted to announce that the excellent performance recorded in our principal markets in the first quarter of endure also on the bookings of the next few quarters, enabling us to increase our global forecasts and the adjusted EPS. This positive momentum was partially offset by the recent uncertainties in the chinese market to the Norwegian Joy caused by the travel restrictions in South Korea. Given these factors, we expect to achieve another year of financial performance solid, accompanied by a double-digit growth in adjusted EPS. ”
Updates and other highlights of the company
The company is permitted to sail to Cuba in 2018. This spring, the company has become the first cruise company in american history to perform for its complete portfolio of brands, a maiden voyage to Cuba. In addition to the routes to Cuba existing in 2017, the company announced the approval of the government of the Republic of Cuba to operate Cuba to operate on 56 cruises in 2018, operated by the 3 brands.
The share buyback program extended until April 2020. The board of directors of the company was extended until 29 April 2020 its share repurchase program supposed to end on April 29, 2017 with an extension of $ 500 million. The main objective of the company will continue to be the strengthening of its balance sheet by deleveraging ; the extension of its share repurchase program will give him the flexibility to buy strategic stock at attractive rates if the opportunity arises.
The company publishes its environmental report for the year 2016. The company has published its environmental report for the fiscal year 2016 and unveiled its environmental program global, ” Sail & Sustain “. This program covers the progress made by the company in terms of environmental initiatives, global as well as its environmental goals, including increasing sustainable procurement, the reduction of waste to landfill, investment in emerging technologies and the reduction of CO2 emissions.
Further information on the programme The Norwegian Edge. In march, the Norwegian Jade, a vessel essentially nine has returned to her home port on a seasonal Tampa, after having spent three weeks in dry dock. The ship has been completely renovated so as to improve the onboard experience. In February, The Norwegian Pearl has also returned to its home port on a seasonal Miami after a stay in dry dock for two weeks, where the cabins and most public areas of the ship have been renovated in a modern spirit. These renovations, in-depth part of The Norwegian Edge, an investment program that defines a new level of excellence for the brand, Norwegian Cruise Line, and encompasses the entirety of the experience of the passenger.
Delivery of the Norwegian Joy. On the 27th of April, the company has received from Meyer Werft to the Norwegian Joy, a cruise ship specially designed for the chinese market. The ceremony took place on board the vessel at the port of Bremerhaven in Germany. With its 167 775 tons gross and her capacity of 3 883 passengers, the Norwegian Joy is the second class ship Breakaway, Most of the company, and innovative design features and amenities designed to provide chinese passengers experience First Class at Sea “, with the freedom and flexibility that has made the reputation of Norwegian Cruise Line in the world. After its delivery, the ship will take the sea to China where he undertook a grand tour of port opening that ends on the 27 June by the ceremony of baptism, led by its godfather Wang Leehom, the ” king of pop chinese “. The inaugural celebration spectacular in Shanghai will include an exclusive concert and a cruise of one night to the guests of honor.
Launch of the partnership with the group Alibaba
The company has recently announced the launch of a new partnership with the Group Alibaba, that will combine the expertise of Norwegian and cruise offer innovative and award-winning for an unforgettable vacation, to the knowledge without such of Alibaba on the desires and needs of chinese consumers, to deliver to the local market chinese the custom of the area. Thanks to Alibaba and its broad ecosystem of consumer engagement, the two companies will seek to raise awareness of the Chinese cruise deals unique, to make their choice of holiday of choice in what will soon be the second largest source market for the cruise sector. This partnership will also support the expansion of experiences O2O into a sea of customers of Alibaba in the fleet Norwegian international, and based in China.
The complete financial results for the first quarter of Norwegian Cruise Line Holdings are detailed in the following attachments :
Norwegian Cruise Line Holdings reports its financial results for the first quarter of 2017 (in French)
Norwegian Cruise Line Holdings Reports Financial Results for the First Quarter of 2017 (in English)
Please note that the information and figures listed in this press release is a translation of the press release in English also included in this package. In case of discrepancy, the information contained in the press release in English shall prevail.
About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd is a company of international cruise leader, operating the brands Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. With a fleet of 25 vessels with a total capacity of 50, seating 400, these brands offer itineraries in the world with more than 510 destinations. Norvegian Cruise Line Holdings Ltd will service the eight other ships until 2025 and will have the opportunity to introduce two more ships for delivery in 2026 and 2027. Norwegian Cruise Line is the innovator in cruise, after many years spent to push the limits of the cruises conventional, with in particular the creation of the ” Freestyle Cruising which revolutionised the industry by giving passengers more freedom and flexibility. Norwegian Cruise Line offers The Haven by Norwegian, a luxury enclave with suites, private pools and restaurants, a concierge service and butlers personal. Oceania Cruises offers an unparalleled experience cruising, famous for its fine cuisine on board and routes that offer multiple destinations in the world. Cruise developed with expertise take place aboard intimate ships inspired by designers, that visit ports in Europe, Asia, Africa, Australia, New Zealand, the south Pacific and the Americas. Celebrating its 25th anniversary in 2017, Regent Seven Seas Cruises offers a luxurious experience on-board all-inclusive, the most complete of the sector, on a fleet composed solely of suites. Each trip with Regent Seven Seas Cruises includes round-trip flights, a service, a top-of-the-range and fully custom, gourmet cuisine, fine wines and spirits, unlimited access to the Internet, a number of excursions in each port of call, gratuities, ground transportation, a package pre-cruise for guests staying in the Suites level Concierge and higher, from the summer of 2017, access to Business class provided for all the return flights from the United States and Canada.
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