Norwegian Cruise Line pleased with 2012 results

By Tom Stieghorst
In its first earnings report since going public last month, Norwegian Cruise Line said its net income was $168.6 million in 2012, up from $126.9 million a year earlier.

Revenue rose 2.6% to $2.28 billion.

"We are very pleased to begin our journey as a public company by posting strong results for 2012," CEO Kevin Sheehan said.

Norwegian forecast its 2013 earnings would come in between $214 million and $250 million.

Results for 2012 include a $4.5 million charge for compensation to a former CEO without which 2012 net income would have been $173.1 million.

Fourth-quarter net income was $1.1 million compared to a loss of $1.9 million a year earlier. Without the effect of the compensation charge, net income would have been $5.6 million in the fourth quarter.

Revenue in the fourth quarter grew 3% to $503.2 million.

Norwegian will hold a conference call at 10 a.m. Feb. 12 to discuss the results.

Follow Tom Stieghorst on Twitter @tstravelweekly.
This page is protected by Copyright laws. Do Not Copy. Purchase Reprint
blog comments powered by Disqus

View Comment Guidelines

Please upgrade your Flash Player.
Please upgrade your Flash Player.

Travel Weekly Poll


  • Consumer media discover that travel agents do exist

    "Contrary to some thoughts, travel agents do exist ... We are usually able to get clients better prices, and we know we can see that clients have better experiences. And as our personal motto is: Our Service Travels With You."


TW Index: Most Active Stocks

Latest Top News:
Travel Weekly is on Facebook
Viewpoints For Travel Agents
Travel Weekly Topics