Norwegian Cruise Line Holdings Limited (NCLH), the world’s third largest cruise shipping group, has reduced its earnings per share (EPS) guidance for 2017 by $0.15, mostly due to the hurricanes in the autumn.
The company said 2017 full year Adjusted EPS is now expected to be approximately $3.90. “Excluding the impact from weather disruptions along with a current technical issue on Norwegian Gem, Adjusted EPS guidance would have increased to approximately $4.05, exceeding the high-end of our prior guidance range,” the company said in a statement
However, the 2017 full year Adjusted Net Yield growth guidance on a Constant Currency basis increased 50 basis points from prior guidance to approximately 4.75%.
“Our booked position for full year 2018 remains well ahead in both load and price compared to prior year across all three of our brands, despite booking headwinds caused by weather-related disruptions in the Caribbean,” said Wendy Beck, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd.
“We continue to focus on further strengthening our balance sheet as evidenced by the success of our recent refinancing transaction. We are now within our targeted leverage range of three to four times with further meaningful deleveraging expected in 2018 and beyond.”