Description

Norwegian Cruise Line Holdings: Will Bold Cost Cuts & Efficiency Moves Help Expand Margins?

Norwegian Cruise Line Holdings (NCLH) reported solid results for the first quarter of 2025, meeting or exceeding most of its financial forecasts. Net yield increased by 1.2% above expectations, and adjusted EBITDA reached $453 million, surpassing guidance. The adjusted EPS was slightly below expectations at $0.07, mainly due to foreign exchange impacts. Occupancy stood at 101.5%, which, although lower than the previous year due to increased dry-dock days, remained strong.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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