Wednesday, 5 August 2015

Norwegian Cruise Line reports 42% profit increase

Norwegian Cruise Line reports 42% profit increase


The benefits of acquiring Oceania Cruises and Regent Seven Seas Cruises began to “hit their full stride” in the second quarter, Frank Del Rio, CEO of Norwegian Cruise Line Ltd., said Tuesday as the company reported that Q2 net income rose 42%, to $158.5 million. 
Revenue also increased 42%, to $1.09 billion.
The company completed its $3 billion acquisition of Oceania and Regent last November.
Norwegian also said a strong Wave season at the start of 2015 had continued into the second and third quarters, with “volumes continually outpacing the same time last year.”
The company now expects adjusted earnings per share in the range of $2.80 to $2.90 for the full-year 2015. The previous guidance was $2.75 to $2.90.