Norwegian Cruise Line Holdings Ltd (NCLH), the world’s third largest listed cruise shipping company, has reported fall in both final quarter and full year 2019 operating and net income as cruise operating expenses rose faster than other expenditure fell.
However, the full year performance of the company exceeded its own guidance issued in nOvember.
Net income in the final quarter of last year fell to $121.3 million from $154.5 million year on, while operating income (EBIT) decreased to 4199.4 million from $209.6 million. Revenues rose to $1.48 billion from $1.28 billion.
For the full year 2019, NLCH reported a fall in net income to $930.2 million from $954.8 million and operating income fell to $1.18 billion from $1.22 billion. Revenues rose to $6.64 billion from $6.01 billion.
“Company exceeded full year Adjusted EPS (earnings per share) expectations by $0.04 despite a $0.04 impact from unfavorable foreign exchange rates recognized during the fourth quarter. Excluding the aforementioned $0.67 of headwinds, the Company would have surpassed the high end of its initial February 2019 Adjusted EPS guidance by $0.46,” NCLH said in a statement.