MIAMI, Florida – October 29, 2014– Norwegian Cruise Line (NASDAQ: NCLH, Norwegian Cruise Line Holdings Ltd., NCL Corporation Ltd., “Norwegian” or “the Company”), today reported results for the quarter ended September 30, 2014, and provided guidance for the fourth quarter and full year 2014.Third Quarter Highlights- Adjusted EPS improvement of 29.1% to $1.11 from $0.86 in 2013- Net Yield increase of 3.0% (2.6% on a Constant Currency basis)- Revenue increase of 13.7% to 907.0 million- Adjusted EBITDA increase of 20.5% to $326.7 million- Company agrees to acquire Prestige Cruises International, Inc. (“Prestige Cruises”), the leading cruise operator in the upscale segment, with the transaction expected to close in the fourth quarter of 2014 Third Quarter Results”Our results this quarter mark an important milestone in Norwegian’s evolution as we report growth in trailing twelve month Adjusted EBITDA for the 25th consecutive quarter coupled with our consistent margin improvement,” said Kevin Sheehan, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. “In that more than six year period, Norwegian’s Adjusted EBITDA has grown at an industry-leading compound annual growth rate of 23% with a commensurate margin expansion of over 1,600 basis points to 27.6%, with future expansion expected as we continue to successfully execute on our strategies,” continued Sheehan.For the third quarter of 2014, the Company reported a 29.1% increase in Adjusted EPS to $1.11, on Adjusted Net Income of $232.2 million, compared to $0.86, on Adjusted Net Income of $182.2 million, for the same period in 2013. On a GAAP

Original Source


Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/biznews/public_html/wp-includes/functions.php on line 5219