Norwegian Cruise Line Holdings Ltd (NCLH), the world third largest cruise shipping group, has raised its 2018 full year earnings per share (EPS) forecast to $4.85 from an earlier forecast of $4.70 to $4.80.
“The Company expects to generate record earnings in full year 2018 and has increased its outlook above the high-end of its previous guidance range. Adjusted EPS is now expected to be approximately $4.85, which is inclusive of the previously announced impact from itinerary optimisation initiatives which will benefit future periods,” the company said in a statement.
“The robust booking environment for cruise vacations is alive and well as evidenced by our stellar booked position for 2019, which continues to exceed this year’s record levels, with booking momentum accelerating for sailings throughout 2019 and extending into 2020,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.
“We are well-positioned to achieve the three-year double-digit Adjusted EPS CAGR (compound annual growth rate), net leverage and Adjusted ROIC (return on invested capital) targets provided at our 2018 Investor Day, while at the same time returning meaningful capital to shareholders, despite rising fuel prices and fluctuations in foreign exchange rates.”