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MSC Cruises 2017 net profit fell to €311 million

MSC Cruises, the Geneva based privately owned cruise shipping company, reported a fall in net profit last year to €311 million from €338 million in the previous year, the company said in its 2017 annual report.

Revenues increased to €2.28 billion from €1.95 billion and operating profit increased to €367 million from €338 million.

Net yield rose to €134 per passenger and day from €127 in 2016, while net cruise costs excluding fuel increased to €78 from €74.

The group’s assets totaled at €6.82 billion at the end of last year, an increase from €5.54 billion a year earlier. Equity increased to €1.73 billion from €1.39 billion, while debt rose to €3.98 billion from €3.05 billion.

“Our overall capacity increased by 8.3%, from 11.4 million to 12.4 million Available Lower Berth Days, as a result of the deliveries of MSC Meraviglia and MSC Seaside during 2017.

In 2017, we were close to hitting the milestone of welcoming 2 million passengers, an increase of 9.0% compared to the previous year. Our ship occupancy achieved 111.0% remaining in line with the year before,” the company said.

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