Norwegian Cruise Line Holdings, the world’s third largest cruise shipping group, has reported a solid improvement in its final quarter and full year 2015 results.
Group net profit amounted to $38.2 million in the fourth quarter of last year, compared to a loss of $25.6 million a year earlier. Revenues rose to $1.03 billion from $788.9 million.
“Constant Currency Adjusted Net Yield on a Combined Company basis increased 7.4% (5.9% as reported), driven primarily by strong growth in pricing from same fleet operations as well as a partial quarter benefit from the addition of Norwegian Escape. Adjusted Net Yield on a Constant Currency basis increased 16.9% (15.2% as reported),” the company said in a statement.
For the full year 2015, Norwegian reported a net profit of $427.1 million, up from $338.4 million in 2014. Revenues rose to $4.35 billion from $3.13 billion.
“Increase in Constant Currency Adjusted Net Yield on a Combined Company basis of 3.7% (2.0%, as reported), driven primarily by strong pricing performance from same fleet operations. Adjusted Net Yield increased 20.0% on a Constant Currency basis (18.0% as reported),” Norwegian said, adding that a 9% adjusted return on invested capital exceeded weighted average cost of capital.
