Results (for the year ending December 31 2017) show a fourth year of consecutive growth for the firm – just five years after its initial public offering.
In 2017 the company generated a net income of $759.9 million – up by nearly one fifth on its 2016 figures. Meanwhile its Earnings Per Share of $3.31 surpassed the midpoint of its initial February 2017 EPS guidance of $3.80, by $0.16.
“Over the last five years we have continued our track record of consistent financial performance with a more than six fold increase in EPS, a doubling of revenue and the expansion of Adjusted ROIC to double-digit levels,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.
Revenue for the company increased by 10.7% to $5.4 billion compared to $4.9 billion in 2016, something NCL said was down to a 6 per cent increase in capacity days following the delivery of Norwegian Joy in April, Regent’s Seven Seas Explorer in June 2016 and Oceania Cruises’ Sirena in April 2016.
NCL is predicting a fifth year of double-digit growth in 2018, saying that its Norwegian Bliss ship, which will target Alaska, will help bolster sales.
“The continued strong global demand for our portfolio of brands will enable us to further grow revenue, resulting in our sixth consecutive year of Net Yield growth. This, coupled with the benefit of the launch of Norwegian Bliss and a continued focus on costs, will drive 2018 earnings to record highs,” said Wendy Beck, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd.