Norwegian Cruise Line Holdings Ltd

NCLH

Equity

ISIN BMG667211046 / Valor 20417105

New York Stock Exchange, Inc (2024-12-24)

USD 26.42+1.11%

Norwegian Cruise Line Holdings Ltd
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About company

Norwegian Cruise Line Holdings Ltd, originally founded as Norwegian Caribbean Lines in 1966, has evolved into a leading global cruise company offering a variety of cruise experiences. The company's fleet of ships provides guests with exciting and affordable alternatives to traditional land-based resorts, with a focus on Freestyle Cruising®. In addition to Norwegian Cruise Line, the company also owns Oceania Cruises and Regent Seven Seas Cruises, acquired in 2014, expanding its portfolio to include luxury cruise brands. With a history of innovation and expansion, Norwegian Cruise Line Holdings Ltd continues to be a prominent player in the cruise industry, offering diverse itineraries and experiences for travelers worldwide.

Summarized from source with an LLMView SourceSector: Consumer Services

Record Revenue Growth

Norwegian Cruise Line Holdings Ltd. reported a record third quarter revenue of $2.8 billion for 2024, marking an approximately 11% increase compared to the same period in 2023. This growth was achieved on a 4% capacity increase, highlighting the company's strong performance in revenue generation.

Increased Net Income

The company achieved a GAAP net income of $474.9 million in the third quarter of 2024, representing a 37% increase from the third quarter of 2023. Earnings per share (EPS) also rose by $0.24, or 34%, reaching $0.95, driven by robust revenue growth and cost efficiencies.

Adjusted EBITDA and EPS

Norwegian Cruise Line Holdings Ltd. reported a 24% increase in Adjusted EBITDA, reaching a quarterly record high of $931.0 million, surpassing the guidance of approximately $870 million. Adjusted EPS also grew by $0.24, or 31%, to $0.99, exceeding the guidance of $0.92.

Debt and Leverage

As of September 30, 2024, the company's total debt stood at $13.4 billion, with a net leverage of 5.58x, reflecting an approximately 1.75x reduction from December 31, 2023. Norwegian Cruise Line Holdings Ltd. successfully issued $315 million of 6.250% senior notes due 2030 to refinance existing debt.

Positive Outlook for 2024

Norwegian Cruise Line Holdings Ltd. raised its full-year 2024 guidance for the fourth time, driven by strong demand and cost control measures. The company now expects Adjusted EBITDA to be approximately $2.425 billion, with Adjusted EPS projected to increase by $0.12 to $1.65, reflecting a robust financial outlook for the year.

Summarized from source with an LLMView Source

Key figures

26.1%1Y

16.2%3Y

-54.8%5Y

Performance

50.1%1Y

59.5%3Y

79.7%5Y

Volatility