Norwegian Cruise Line Holdings, the world's third largest cruise shipping group, has raised its guidance for adjusted net yield increase in the second quarter.
The company now forecasts adjusted net yields to rise by 17.5% to 18.5% in the second quarter compared to an earlier fotrecast of a 17.0% to 18.0% rise on as-reported basis
“We are raising the midpoint of our guidance to take into account the better than anticipated interest expense and net yield performance in the first quarter,” said Wendy Beck, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd, in a statement.
At the same time, Norwegian lowered its adjusted net cruise cost rise forecast to 23.0% to 24.0% from 27.0% to 28.0% earlier. Forecast for adjusted earnings per share was increased to $0.70 to $0.75 in the second quarter from an earlier forecast of a $0.20 to $0.24 increase.
“We are maintaining our net yield and net cruise cost guidance for the year as benefits from our incremental revenue synergies offset the anticipated foreign currency headwinds and the revenue impact from the unscheduled dry-dock of Norwegian Star. Further, the reinvestment of $20 million into demand-driving initiatives is offset by incremental cost synergies identified in the quarter,” continued Beck.
Norwegian guides full year adjusted net yields to rise by 17.0% and adjusted net cruise costs by 23.5% on as-reported basis. Earnings per share are forecast to reach $2.70 to $2.90, with no change to the previous forecast.
