New ships boost NCL profits
New ships have helped Norwegian Cruise Line grow profits by 20% to $759.9 million for 2017.
The delivery of Norwegian Joy, for the Chinese market, along with the arrival of Regent’s Seven Seas Explorer and Oceania Cruises’ Sirena boosted capacity by 6%, which pushed up revenue by 10.7% to $5.4 billion.
"The strong, record performance we delivered in 2017 was the perfect end to a historic year as we celebrate the five year anniversary of our initial public offering," said president and CEO Frank Del Rio.
"Over the last five years we have continued our track record of consistent financial performance with a more than sixfold increase in EPS, a doubling of revenue and the expansion of Adjusted ROIC to double-digit levels.
"It has been a remarkable journey for our company with more major milestones to come and an amazing trajectory of profit growth for 2018 and beyond.
“Our solid revenue and earnings performance will continue in 2018, having entered the year in the best booked position in our company’s history with pricing above prior year across all three of our brands."
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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