Norwegian Cruise Line (NCL) has said it is on course for record profits and revenues this year, following a strong financial performance in the third quarter of the year.
In the three months to the end of September, NCL generated record revenue – for the period in question – of $2.8bn and almost $475m in net income. The income figure was up 37%, year-on-year, with the revenue ahead by around 11%.
“Our exceptional third quarter results, with record revenue, net income and Adjusted EBITDA, surpassed guidance across all key metrics, underscoring the strength of our business, the attractiveness of our product offering across all brands and the superior execution and delivery by our teams both shoreside and shipboard,” said NCL President and Chief Executive, Harry Sommer.
“Fuelled by robust demand and our relentless focus on cost control and margin enhancement, we’re raising our full-year guidance for a fourth time and expect 2024 to be our best year2 for revenue, Net Yield growth and Adjusted EBITDA. We now project Adjusted EBITDA to be $225 million above our initial guidance, growing 30% year-over-year, and Adjusted EPS to be $0.42 above initial guidance, growing approximately 136% year-over-year, reflecting our ability to capitalise on market opportunities while delivering outstanding experiences across our brands.”
