Norwegian Cruise Line continues to raise the bar for its award-winning beverage programme at sea

Press Releases   •   Aug 15, 2018 16:29 CEST

-Norwegian Escape Recognized with Wine Spectator Award of Excellence -Norwegian Bliss’ Head Mixologist Named as One of Diageo Global Travel’s Best Bartenders -Cruise Line Launches Third Season of ‘Meet the Winemaker’ Cruises

Norwegian Cruise Line Holdings Reports Financial Results for the Second Quarter 2018

Press Releases   •   Aug 09, 2018 13:51 CEST

MIAMI, Florida – August 9, 2018– Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian” or the “Company”) today reported financial results for the second quarter ended June 30, 2018, as well as provided guidance for the third quarter and full year 2018.

Highlights

  • The Company generated GAAP net income of $226.7 million or EPS of $1.01 compared to $198.5 million or $0.87 in the prior year.Adjusted Net Income was $271.9 million or Adjusted EPS of $1.21 compared to $232.7 million or $1.02 in the prior year.Adjusted EPS outperformed guidance by $0.19.

  • Total revenue increased 13.2% to $1.5 billion. Gross Yield increased 4.3%.Net Yield increased 4.0% on a Constant Currency basis, outperforming guidance by 200 basis points.
  • The Company expects to generate record earnings for full year 2018 and has increased its outlook above the high-end of its previous guidance range, with Adjusted EPS now expected to be in the range of $4.70 to $4.80.This includes an expected $0.10 impact, split evenly between revenue and expense, as a result of the recently announced itinerary optimization initiatives which will benefit future periods.Excluding this impact, the midpoint of Adjusted EPS guidance would have increased to approximately $4.85.
  • 2018 full year Net Yield growth guidance on a Constant Currency basis increased 75 basis points from prior guidance to approximately 3.25%, or 125 basis points from the Company’s initial full year outlook provided in February.

“The continuation of the robust booking environment from our core source markets, combined with the successful execution of demand creation strategies drove higher pricing across all three brands, resulting in second quarter revenue, yield and earnings growth well above expectations,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.“Global consumer cruise demand shows no signs of slowing as evidenced by solid organic growth and the hugely successful introduction of Norwegian Bliss, whose record-breaking performance surpassed our high expectations. The strong demand environment is expected to continue driving higher pricing in the back half of the year, leading to an increase of our full year 2018 Adjusted EPS outlook to a range of $4.70 to $4.80, well above the initial guidance range set at the beginning of the year.”

For the entire report please download PDF document below.

About Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.

With a combined fleet of 26 ships with approximately 54,400 berths, these brands offer itineraries to more than 450 destinations worldwide. The Company will introduce eight additional ships through 2027.

Norwegian Cruise Line is the innovator in cruise travel with a 51-year history of breaking the boundaries of traditional cruising.Most notably, Norwegian revolutionized the cruise industry by offering guests the freedom and flexibility to design their ideal cruise vacation on their schedule with no set dining times, a variety of entertainment options and no formal dress codes. Today, Norwegian invites guests to enjoy a relaxed, resort- style cruise vacation on some of the newest and most contemporary ships at sea with a wide variety of accommodations options, including The Haven by Norwegian®, a luxury enclave with suites, private pool and dining, concierge service and personal butlers. Norwegian Cruise Line sails around the globe, offering guests the freedom and flexibility to explore the world on their own time and experience up to 27 dining options, award-winning entertainment, superior guest service and more across all of the brand’s 16 ships. For the entire European market, the international cruise line offers its comprehensive Premium All Inclusive concept which already includes, among other things, a wide selection of alcoholic and non-alcoholic beverages, service charges and gratuities on all-inclusive services as well as 60 minutes of free Wifi per person in the cruise fare.

Celebrating its 15th anniversary in 2018, Oceania Cruises is the world’s leading culinary- and destination-focused cruise line. The line’s six intimate and luxurious ships which carry only 684 or 1,250 guests offer an unrivaled vacation experience featuring the finest cuisine at sea and destination-rich itineraries that span the globe. Expertly crafted voyages aboard designer-inspired, intimate ships call on more than 450 ports across Europe, Alaska, Asia, Africa, Australia, New Zealand, New England-Canada, Bermuda, the Caribbean, Panama Canal, Tahiti and the South Pacific and epic Around The World Voyages that range from 180 to 200 days.

Regent Seven Seas Cruises offers the industry’s most inclusive luxury experience aboard its all-suite fleet. Seven Seas Mariner’s 2018 dry-dock refurbishment concluded the line’s $125 million refurbishment program to elevate the elegance of the whole fleet to the standard set by Seven Seas Explorer. In early 2020, Regent will perfect luxury with the launch of Seven Seas Splendor. A voyage with Regent Seven Seas Cruises includes all-suite accommodations, round-trip air, highly personalized service, exquisite cuisine, fine wines and spirits, unlimited internet access, sightseeing excursions in every port, gratuities, ground transfers and a pre-cruise hotel package for guests staying in concierge-level suites and higher.

Company Reports Record Second Quarter Revenue and Earnings Strong Global Demand Environment and Revenue Initiatives Drive Increase in Full Year Adjusted EPS Guidance Above High-end of Previous Guidance Range Company’s Growth Profile Extended with Confirmation of Two Additional Leonardo Class Ships for Delivery in 2026 and 2027

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Norwegian Cruise Line Holdings Announces Efforts to Reduce Single-Use Plastics

Press Releases   •   Jul 30, 2018 15:22 CEST

Norwegian Cruise Line Holdings Ltd. (Norwegian) (NYSE: NCLH), a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, announced the important next step in its efforts to reduce its environmental impact by eliminating single-use plastic straws across its fleet of 26 ships and two island destinations, Great Stirrup Cay and Harvest Caye. The Company anticipates that it will eliminate over 50 million plastic straws each year across its fleet with these changes.

As a member ofOcean Conservancy’s Trash Free Seas Alliance®, the Company is actively working towards solutions that will mitigate plastic waste entering the ocean.The transition away from single-use plastics across the Company’s fleet and island destinations builds upon the Company’s environmental efforts already underway to increase sustainable sourcing, minimize waste to landfills, invest in emerging technologies and reduce CO2 emissions.

“Eliminating single-use plastic straws across our global fleet and island destinations builds on our global environmental program ‘Sail & Sustain’ and further reduces our environmental footprint," said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.“As a member of the Trash Free Seas Alliance®, we are committed to doing our part to protect the world’s oceans for future generations to enjoy.”

“We commend Norwegian Cruise Line Holdings for this important step to reduce single-use plastics,” said Janis Searles Jones, chief executive officer of Ocean Conservancy. “Plastic straws are just a fraction of the plastic in the ocean, but they are always among the top ten items collected during Ocean Conservancy’s annual International Coastal Cleanup and can be deadly to ocean wildlife, which is why we have long urged our supporters to skip the straw when they can.”

Founded in 2012, the Trash Free Seas Alliance® brings together thought leaders from industry, conservation and academia to create a forum for pragmatic, real-world collaboration focused on the measurable reduction of ocean trash.

Norwegian Cruise Line Holdings’ global environmental program, ‘Sail & Sustain’, reflects the Company’s mission of providing truly exceptional cruise vacation experiences for all of its guests while minimizing its impact on the environment.To learn more about Norwegian’s commitment to environmental stewardship, visit the company’s website at http://www.nclhltd.com/Stewardship.

About Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 26 ships with approximately 54,400 berths, these brands offer itineraries to more than 450 destinations worldwide. The Company will introduce eight additional ships through 2027.

About Ocean Conservancy

Ocean Conservancy is working to protect the ocean from today’s greatest global challenges. Together with our partners, we create science-based solutions for a healthy ocean and the wildlife and communities that depend on it. For more information, visit oceanconservancy.org, or follow us on Facebook, Twitter or Instagram.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements in this release constitute forward-looking statements within the meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this release, including, without limitation, those regarding our business strategy, financial position, results of operations, plans, prospects and objectives of management for future operations (including expected fleet additions, development plans, environmental sustainability objectives and objectives relating to our activities), are forward-looking statements. Many, but not all, of these statements can be found by looking for words like "expect," "anticipate," "goal," "project," "plan," "believe," "seek," "will," "may," "forecast," "estimate," "intend," "future," and similar words. Forward-looking statements do not guarantee future performance and may involve risks, uncertainties and other factors which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; adverse incidents involving cruise ships; adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; the spread of epidemics and viral outbreaks; our expansion into and investments in new markets;the risks and increased costs associated with operating internationally; breaches in data security or other disturbances to our information technology and other networks; changes in fuel prices and/or other cruise operating costs; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; the unavailability of attractive port destinations; our indebtedness and restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; our inability to recruit or retain qualified personnel or the loss of key personnel; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; our reliance on third parties to provide hotel management services to certain ships and certain other services; future increases in the price of, or major changes or reduction in, commercial airline services; amendments to our collective bargaining agreements for crew members and other employee relation issues; our inability to obtain adequate insurance coverage; future changes relating to how external distribution channels sell and market our cruises; pending or threatened litigation, investigations and enforcement actions; our ability to keep pace with developments in technology; seasonal variations in passenger fare rates and occupancy levels at different times of the year; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under "Risk Factors" in our most recently filed Annual Report on Form 10-K and subsequent filings by the Company with the Securities and Exchange Commission. The above examples are not exhaustive and new risks emerge from time to time. Such forward-looking statements are based on our current beliefs, assumptions, expectations, estimates and projections regarding our present and future business strategies and the environment in which we expect to operate in the future. These forward-looking statements speak only as of the date made. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law.

Plastic straws eliminated across all 26 ships in the Company’s fleet Company’s island destinations, Great Stirrup Cay and Harvest Caye, to eliminate plastic straws by August 2018 Over 50 million plastic straws expected to be eliminated each year across fleet

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Norwegian Cruise Line Announces Enhancements to 2019 and 2020 Itineraries to Meet Strong Demand in Highly Sought After Destinations

Press Releases   •   Jul 18, 2018 16:00 CEST

Norwegian Pearl to expand offering in Europe in 2019 as the cruise line’s sixth ship in the region Norwegian Joy, sister ship to Norwegian Bliss, to sail to Alaska beginning spring 2019 Norwegian Jewel and Jade to offer new itineraries in Australasia in 2019 Norwegian Spirit to cruise seasonally in China in summer 2020

Norwegian Cruise Line appoints new Business Development Manager for Sweden and Finland

Press Releases   •   Jul 17, 2018 11:00 CEST

Wiesbaden, July 18, 2018 – Viveca Jerrestam (44) will join Norwegian Cruise Lines as its new Business Development Manager for Sweden and Finland on August 6, 2018. Jerrestam, who has been working in the tourism industry for over 20 years, replaces Andreas Söderqvist, who left the international cruise line of his own accord.

The Scandinavian markets including Finland are becoming increasingly important for Norwegian Cruise Line in Europe and therefore these markets will be further strengthened and expanded in the future. Viveca Jerrestam is now reinforcing the Business Development Team in Sweden and Finland alongside Tom-Andre Baraas (32), who has been working as Business Development Manager for Norway, Denmark and Iceland since 2013. Both report into Jürgen Stille, Senior Director of Business Development Continental Europe.

"I am delighted that with Viveca we now have an extremely experienced team member for our Business Development Team," says Stille. "She knows the Scandinavian markets and Finland very well and has built up a broad network throughout her career. I am convinced that she will successfully fulfil her role at Norwegian Cruise Line, with great enthusiasm and dedication, to drive our growth in Sweden and Finland."

Viveca Jerrestam joined Norwegian Cruise Line from American Express Travel & Lifestyle (TLS), where she most recently served as Team Lead Specialist & Process Analyst for Sweden and Finland. She was responsible for, amongst other, the contract design and activities in the field of cruising.

About Norwegian Cruise Line

Norwegian Cruise Line is the innovator in cruise travel with a 51-year history of breaking the boundaries of traditional cruising. Most notably, Norwegian revolutionized the cruise industry by offering guests the freedom and flexibility to design their ideal cruise holiday on their schedule with no set dining times, a variety of entertainment options and no formal dress codes. Today, Norwegian invites guests to enjoy a relaxed, resort-style cruise holiday on some of the newest and most contemporary ships at sea with a wide variety of accommodation options, including The Haven by Norwegian®, a luxury enclave with suites, private pool and dining, concierge service and personal butlers. Norwegian Cruise Line sails around the globe, offering guests the freedom and flexibility to explore the world on their own time and experience up to 28 dining options, award-winning entertainment, superior guest service and more across all of the brand’s 16 ships.

Recently, the line was named “Europe’s Leading Cruise Line” for the eleventh consecutive year, “World’s Leading Large Ship Cruise Line” for the sixth consecutive year, the “Caribbean’s Leading Cruise Line” for the fifth consecutive year, as well as “World’s Leading Cruise Line” and “North America’s Leading Cruise Line” both for the second straight year by the World Travel Awards. Norwegian’s newest ship, the highly anticipated Norwegian Bliss, deputed April 2018 featuring many firsts-at-sea for the global market including the largest race track at sea, award-winning Broadway entertainment, two observation lounges for guests to enjoy stunning ocean and glacier views and more. Norwegian will introduce an additional new “Breakaway Plus” Class cruise ship in 2019 and has six additional ships on order for delivery beginning in 2022.

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Norwegian Cruise Line Holdings confirms orders for fifth and sixth ships in next generation of newbuilds for Norwegian Cruise Line

Press Releases   •   Jul 12, 2018 15:21 CEST

Norwegian Cruise Line celebrates top cruise honour at World Travel Awards in Athens

Press Releases   •   Jul 03, 2018 16:33 CEST

Norwegian Cruise Line once again, receives recognition as Europe’s Leading Cruise Line

NORWEGIAN SPIRIT CRUISING ON NEW PATHS IN EUROPE

Press Releases   •   Jun 14, 2018 11:39 CEST

2019 Summer Deployment

Norwegian Cruise Line Holdings Joining Ocean Conservancy’s Trash Free Seas Alliance®

Press Releases   •   Jun 12, 2018 15:05 CEST

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, announced that it has partnered with Ocean Conservancy to protect and ensure the long-term health of our oceans.The company will join several of the world’s leading corporations and organizations in Ocean Conservancy’s Trash Free Seas Alliance®, actively working toward solutions that will mitigate plastic waste entering the ocean.

“The success of our business is dependent on the health of our oceans and, together with Ocean Conservancy, we are taking a step forward in our commitment to protect the world’s oceans," said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.“We are excited to lead the cruise industry by joining the Trash Free Seas Alliance® and support Ocean Conservancy’s vision of a world with waterways, beaches and oceans free of plastic waste.”

Founded in 2012, the Trash Free Seas Alliance® brings together thought leaders from industry, conservation and academia to create a forum for pragmatic, real-world collaboration focused on the measurable reduction of ocean trash.

”Ocean Conservancy believes strongly that it will take all of us—including industry leaders—to stem the tide of ocean plastic. We are grateful for Norwegian’s leadership and look forward to working with them to reduce the amount of plastic flowing into the ocean,” said Janis Searles Jones, chief executive officer at Ocean Conservancy.

Norwegian Cruise Line Holdings’ membership in Ocean Conservancy’s Trash Free Seas Alliance® is part of the company’s global environmental program, ‘Sail & Sustain’, which reflects the company’s mission of providing truly exceptional cruise vacation experiences for all of its guests while minimizing its impact on the environment.To learn more about Norwegian’s commitment to environmental stewardship, visit the company’s website at http://www.nclhltd.com/Stewardship.

About Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 26 ships with approximately 54,400 berths, these brands offer itineraries to more than 450 destinations worldwide. The Company will introduce six additional ships through 2025, and has an option to introduce two additional ships for delivery in 2026 and 2027.

About Ocean Conservancy

Ocean Conservancy is working to protect the ocean from today’s greatest global challenges. Together with our partners, we create science-based solutions for a healthy ocean and the wildlife and communities that depend on it. For more information, visit oceanconservancy.org, or follow us on Facebook, Twitter or Instagram.

Company supports Ocean Conservancy's efforts to ensure long-term health of our oceans

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Norwegian Bliss makes history as the largest ship christened in Seattle

Press Releases   •   May 31, 2018 11:06 CEST

US-Radio personality and Godfather to Norwegian Bliss, Elvis Duran, commences the full-day christening celebration in the Emerald City

Contacts 1 contact

  • Press Contact
  • PR & Communications Executive Europe
  • kaplamerkel@ncl.cosam
  • 0049 611 36 07169

About Norwegian Cruise Line

Norwegian Cruise Line is the innovator in cruise travel with a 51-year history of breaking the boundaries of traditional cruising. Most notably, Norwegian revolutionized the cruise industry by offering guests the freedom and flexibility to design their ideal cruise vacation on their schedule with no set dining times, a variety of entertainment options and no formal dress codes. Today, Norwegian invites guests to enjoy a relaxed, resort-style cruise vacation on some of the newest and most contemporary ships at sea with a wide variety of accommodations options, including The Haven by Norwegian®, a luxury enclave with suites, private pool and dining, concierge service and personal butlers. Norwegian Cruise Line sails around the globe, offering guests the freedom and flexibility to explore the world on their own time and experience up to 27 dining options, award-winning entertainment, superior guest service and more across all of the brand’s 15 ships.

Address

  • Norwegian Cruise Line
  • Kreuzberger Ring 68
  • 65205 Wiesbaden
  • Germany