Press release -
Havila Voyages quarterly results
Havila Voyages has released its results for the third quarter of 2023, showing a positive increase in pre-sales for the company.
Havila Polaris and Havila Pollux were delivered to Havila Voyages in August, and September marked the first month of full operation for all four ships along the Norwegian coast. Revenues in the third quarter amounted to NOK 226 million, with NOK 47 million of these being contract revenues from Norwegian authorities.
"Despite our two latest ships being delayed in entering service along the Norwegian coast early in the previous quarter, we experienced an average occupancy rate of 70%. Our revenues were impacted by the delays, but we are witnessing a significant increase in pre-ticket sales compared to the previous quarter," said CEO Bent Martini.
"In connection with refinancing, our operating costs have been affected by extraordinary expenses related to legal and financial advisors."
Positive feedback
Havila Voyages is experiencing a growing interest both domestically and internationally, with an ambition to achieve an average occupancy rate of 80% by 2024. 45% of all capacity for 2024 has already been sold.
"We see that more people are discovering us and are eager to experience the classic coastal route with the most modern and environmentally friendly ships ever to sail along the Norwegian coast. Spacious common areas, comfortable cabins, a unique food concept, and a realistic and measurable focus on sustainability seem to resonate well in the market," said Martini.
"It's also pleasing that we receive daily positive feedback from our guests about both our product and concept," he concluded.
As of September 30, Havila Voyages had 425 employees sailing the classic coastal route and 40 employees in administration.
You can download the quarterly report for the third quarter below.
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The Havila Voyages is a Norwegian shipping company that sails the classic coastal voyage between Bergen and Kirkenes with the Norwegian coast's most environmentally friendly ships.
The four new ships are loaded with the world's largest battery pack, and can sail for four hours without noise or emissions through vulnerable fjords. The batteries are charged with clean hydropower at shore, and when the batteries are low we switch to natural gas which cuts CO2 by around 25 %.
The hull is specially designed for maximum energy efficiency, and excess heat from cooling water and sea used for heating on board. On the menu are locally made dishes from local producers, and all unnecessary plastic is avoided. We are already exceeding the authorities' requirements for cutting emission, and we have set sail with zero emissions as the future target.
The Havila Voyages is part of the Havila Group that dates back to the 1950s. It all started when the founder, Per Sævik, bought his first fishing boat in his teens. From fishing and herring fishing, Havila is now a group operating in shipping technology, offshore, transport and tourism.
