Norwegian Breakaway, summer drive Norwegian Cruise Line Holding profits higher
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 29 October 2013 29 October 2013
A new ship and summer helped Norwegian Cruise Line Holding, the listed parent company of Norwegian Cruise Line, to report a rise third quarter net profit to $170.8 million from $128.1 million in the same period last year as revenues rose to $797.8 million from $ $674.1 million, the company said ina statement.
In the first nine months of the year, the profit fell to $65.6 million from $167.5 million in the same period last year on a $257.9 million interest expense the company had booked earlier this year. Revenues rose to $1.969 billion from $1.773 billion.
"While the environment this year has become more challenging than anticipated, we demonstrated once again our ability to execute and post solid earnings. Our results for the quarter are the product of a summer season which was bolstered by the premium pricing from Norwegian Breakaway in her first full quarter of operation," said Kevin Sheehan, president and chief executive officer of Norwegian Cruise Line.
"Improved ticket pricing and onboard spend, along with better than expected results from business improvement initiatives drove incremental EPS in the quarter."
Pre tax profit for the quarter rose to $182.2 million, giving EPS of $0.86 per share.
Norwegian to report third quarter interims on 28 October
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 28 October 2013 28 October 2013
Norwegian Cruise Line Holding will report third quarter 2013 financial results after market close on Monday, 28 October 2013. The company will hold a conference call to discuss results on Tuesday, October 29, 2013 at 10:00 a.m. Eastern Daylight Time.
The conference call will be webcast simultaneously via the Company's Investor Relations website, www.investor.ncl.com. A replay of the webcast will be available at the same site for 30 days following the call.
CLIA Spain established in Madrid
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 25 October 2013 25 October 2013
The outgoing chairman of CLIA Europe Manfredi Lefebvre D'Ovidio announced at the end of his "The State of the Industry" speech at Madrid International Cruise Summit yesterday (24 October 2013), the creation of CLIA Spain, Alan Lam reports from Madrid.
The incumbent chairman also introduced to his audience the first president of the association's Spanish branch, Belén Wangüemert of Royal Caribbean Cruise Limited, and its vice president, Emiliano González of MSC Cruises.
As the second most popular cruise destination in Europe, Manfredi Lefebvre D'Ovidio underlined the importance of the cruise business to Spain and, in turn, Spain's importance to the cruise business.
5.2 million cruise tourists visited Spain in 2012, about 1.2 million of these embarked from Spanish ports, generating EUR 1.25 billion in direct expenditure to the beleaguered economy.
Spain is also the continent's fourth largest source market, with 576,000 people choosing cruise as their holiday option in 2012. This number is expected to grow steadily hereafter.
The need for an association like CLIA has been obvious. Earlier this year, country specific cruise industry organisations in the UK, Germany Brasil plus regional ones in Europe and Australasia were rebranded under the CLIA houseflag.
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