Norwegian Cruise Line releases 2014 results

first_imgNorwegian Cruise Line Holdings today reported financial results for 2014, and provided guidance for the first quarter and full year 2015.Results for the year ended December 31, 2014 include the results of the recently acquired Prestige Cruise Holdings which began on the closing of the acquisition on November 19, 2014.Norwegian Cruise Line president and chief executive officer Frank Del Rio, said that 2014 will be remembered as one of solid growth and game-changing expansion for the company.“Strong results are a testament to the hard work and dedication of our team members who kept a keen eye on optimizing pricing and managing expenses while delivering exceptional vacation experiences,” Mr Del Rio said.The Company reported a 61.0 per cent increase in Adjusted EPS to $2.27, on Adjusted Net Income of $480.6 million, which excludes expenses related to the Prestige acquisition and other items.A 25.5% improvement in Adjusted Net Revenue to $2.4 billion was driven by a 19.8 per cent increase in Capacity Days coupled with a 4.8 per cent improvement in Adjusted Net Yield.In addition to the results for the fourth quarter and full year 2014, the Company also provided the following guidance for the first quarter and full year 2015, along with accompanying sensitivities.“Until recently, our booked revenue had been on par with prior year; however, the last three weeks of this Wave season has seen a significant acceleration in booking volume.  Norwegian Escape is in a better booked position than her last two predecessor sister ships, Norwegian Breakaway and Getaway,” Mr Del Rio said.“At year end, and as of today, the company has more booked revenue and the highest net yields on future sailings than ever before, including full year 2015 and 2016.”Source = ETB Travel News: Lewis Wisemanlast_img read more