A+ A A-

Norwegian raises floor of 2017 EPS guidance on accelerating rise of yields

Norwegian Cruise Line Holdings Ltd, the world’s third largest cruise shipping company, has raised the floor of its guidance for result development for the full year on the back on an anticipated firming rise of net yoelds.

The company forecasts earnings per share (EPS) of $3.93 to $4.03 for the full year 2017 compared to a forecast of $3.79 to $4.03 the company made on 10 May, when it published its first quarter interims. EPS in the second quarter rose to $0.87 from $0.64 in the same period last year.

The company raised its guidance for rise in newt yields to 4.0% in as reported terms, an increase from a 2.255 rise on 10 may. Net cruise cosyts, meanwhile, should only rise by 1.75% this yerar, which is half a percentage point less than in the 10 May forecast.

“We are pleased to report strong booking trends across all markets for the back half of 2017 where pricing and occupancy are now up mid-single digits over prior year,” said Wendy Beck, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd.

“Strong booking volumes and firm pricing have benefitted our booked business for the next four quarters, contributing to the increase of our 2017 full year outlook and further solidifying our expectation for strong earnings growth.”