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NCLH says current known COVID-19 direct impact $0.75 per share

  • Written by Kari Reinikainen
  • Category: Top Headlines

Norwegian Cruise Line Holdings Ltd (NCLH) said the current known direct impact to operations from COVID-19 is expected to be approximately $0.75 per share and primarily includes customer incentive compensation and 40 cancelled, modified or redeployed Asia voyages across the Company’s three brands.

“This includes the close-in redeployment of 21 cancelled Asia voyages on Norwegian Spirit which have been redeployed to the Eastern Mediterranean for summer 2020 with an extremely condensed booking window,” the company said in a statement.

“The COVID-19 outbreak continues to impact consumer travel sentiment regarding travel for cruises in Asia and throughout the Company’s areas of operation worldwide. The duration and extent of this indirect impact cannot be quantified at this time and is therefore not included in the approximately $0.75 known direct impact outlined above,” NCLH said.

NCLH guides 2020 adjusted EPS to rise to  $5.40-$5.60 range – excluding COVID-19

  • Written by Kari Reinikainen
  • Category: Top Headlines

Norwegian Cruise Line Holdings Limited (NCLH), the third largest listed cruise ship company in the world, expects its adjusted earnings per share (EPS) to rise to the range of $5.40 to $5.60 this year from $5.09 in 2019, but adds that the guidance does bot include the effect of the COVID-19 outbreak

“Excluding both known and unknown impacts from the COVID-19 outbreak, Adjusted EPS for full year 2020 is expected to be in the range of $5.40 to $5.60 reflecting 2.0% to 3.0% Constant Currency Net Yield growth,” the company said in a statement. 

“Company entered year with a record booked position and at higher pricing. Despite the current known impact from the COVID-19 coronavirus outbreak, as of the week ending February 14, 2020, the Company’s booked position remained ahead of prior year and at higher prices on a comparable basis, which excludes cruises to Cuba in the prior year and the recent redeployment of Norwegian Spirit from Asia in the current year,” NCLH said.

NCLH final quarter and full year operating, net income fall year on

  • Written by Kari Reinikainen
  • Category: Top Headlines

Norwegian Cruise Line Holdings Ltd (NCLH), the world’s third largest listed cruise shipping company, has reported fall in both final quarter and full year 2019 operating and net income as cruise operating expenses rose faster than other expenditure fell.

However, the full year performance of the company exceeded its own guidance issued in nOvember.

Net income in the final quarter of last year fell to $121.3 million from $154.5 million year on, while operating income (EBIT) decreased to 4199.4 million from $209.6 million. Revenues rose to $1.48 billion from $1.28 billion.

For the full year 2019, NLCH reported a fall in net income to $930.2 million from $954.8 million and operating income fell to $1.18 billion from $1.22 billion. Revenues rose to $6.64 billion from $6.01 billion.

“Company exceeded full year Adjusted EPS (earnings per share) expectations by $0.04 despite a $0.04 impact from unfavorable foreign exchange rates recognized during the fourth quarter. Excluding the aforementioned $0.67 of headwinds, the Company would have surpassed the high end of its initial February 2019 Adjusted EPS guidance by $0.46,” NCLH said in a statement.

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