Norwegian Cruise Line Holdings Ltd. (Nasdaq: NCLH) (together with NCL Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian” or the “Company,”) today reported financial results for the first quarter ended March 31, 2016, as well as provided guidance for the second quarter and full year 2016.
Highlights- Adjusted EPS growth of 41% to $0.38 on Adjusted Net Income of $86.7 million. EPS increased to $0.32 on Net Income of $73.2 million.
- The Company’s current booked position for 2016 is on par with prior year’s record levels and at higher prices. Strength in the Caribbean, Alaska, Hawaii, and other North American markets is offsetting softness in European itineraries.
 – Constant Currency Adjusted Net Yield increased 3.6% (2.5% as reported), driven primarily by solid demand in the Caribbean and strong onboard revenue. Gross Yield increased 2.4%.
 – First half of 2017 booking trends remain strong at higher prices.
 – Company remains confident in reaching previously stated targets of double-digit Adjusted ROIC
in 2016, growing to 14% by 2018, and $5.00 Adjusted EPS in 2017.
 – Oceania Cruises welcomed its latest ship, Sirena, to its fleet.
 – Company revealed exciting features and amenities for Norwegian Joy, its purpose-built ship dedicated to the Chinese market.
 “We are pleased to report another quarter of solid financial performance and significant earnings growth driven primarily by strong pricing with robust demand in the Caribbean driving net yield growth above our expectations,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings. “We are on track to reach our stated targets of $5.00

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