Norwegian’s EBITDA improves for 25th consecutive month
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Earnings before taxes and other fees have increased 20.5% for Norwegian Cruise Line in its third quarter results ending 30 September 2014.
The cruise line’s EBITDA increased to US$326.7 million for the three-month period, where revenue was up 13.7% to US$907m.
Kevin Sheehan, president and CEO of Norwegian said: “Our results this quarter mark an important milestone in Norwegian’s evolution as we report growth in trailing 12-month adjusted EBITDA for the 25th consecutive quarter coupled with our consistent margin improvement.”
He said the cruise line is on track to achieve more than 60% growth in full year adjusted earnings per share after seeing a year-on-year increase of 29.1% for Q3.
Its next quarter will be focused on completing the acquisition of Prestige Cruises, parent of Oceania Cruises and Regent Seven Seas Cruises.
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