Norwegian Cruise Line Holdings Ltd. (NCLH), the world’s third largest cruise shipping group, has slightly raised its guidance for full year 2017 earnings per share (EPS) and it forecasts a record result for the year.
However, a senior company official warned about the possible negative impact of tension between China and South Korea to operations of Norwegian Joy, the company’s latest ship that is tailored to the Chinese source market.
“The Company expects to generate record earnings for full year 2017 and has increased its outlook, with Adjusted EPS now expected to be in the range of $3.79 to $3.89,” NCLH said in a statement. When the company published its final quarter and full year 2016 results, it forecast 2017 EPS in the range of $3.75 to $3.85. In 2016, the figure came at $2.78.
“2017 full year Adjusted Net Yield growth guidance on a Constant Currency basis increased 100 basis points to 2.75%,” the company added.
“A strong end to the most successful Wave season in recent history resulted in a meaningful improvement in our full year booked position, with both occupancy and pricing now well ahead of prior year," said Wendy Beck, executive vice president and chief financial officer of NCLH
"I am pleased to report that the strong performance witnessed in our core markets and reflected in first quarter results also extended to our booked business in future quarters, allowing us to increase our full year Adjusted EPS and Adjusted Net Yield growth guidance,” she said.
“This positive momentum has been partially offset by recent uncertainties in Norwegian Joy's Chinese source market caused by the South Korea travel restriction. Taking all factors into account, we are on track to deliver another year of solid financial performance and double-digit Adjusted EPS growth," she concluded