Tuesday, 29 April 2014

Norwegian Cruise Line announces $500 Million Share Repurchase Program

Norwegian Cruise Line is announcing its purchase program. The report came out at the end of March 31, 2014 resulting the quarter end of March and the full year of 2014.
  • Revenue Improvement of 26% Driven by New Capacity and Higher Net Yield
  • Strong Growth in Adjusted EPS
  • Norwegian Cruise Line +3.22% (Norwegian Cruise Line Holdings Ltd., NCL Corporation Ltd., "Norwegian" or "the Company"),
The announcement of board of Director mention to contract a three year $500million share repurchase. In the result of showing the percentage at the end of March the result shows as follows below: 

First Quarter Highlights
  • Adjusted EPS improvement to $0.23 from $0.06 in 2013
  • Net Yield increase of 3.8% (3.9% on a Constant Currency basis)
  • Revenue increase of 25.9% to $664.0 million
  • Adjusted EBITDA increase of 39.6% to $139.3 million; 200 basis point margin improvement
  • Successful introduction of Norwegian Getaway to the fleet
 First Quarter Calculation: 

 The first quarter of 2014, an increase of the company reported in Adjusted EPS to $0.23 on Adjusted Net Which made result of $49.6 million dollars comparing $0.06 and $12.9 Million which was the same temporarily in 2013, respectively. On a GAAP  base, reduce earnings per share and Net Income at $0.24 and $51.3 million dollars, respectively.  In a temporarily Net Revenue thee increase was 27.8% to $499.3 million dollars, directly by a 23.2% increase in the Capacity Days and a 3.8% and 3.9% 0n Constant Currency Basis, the result upward  to the Passengers tickets on board and other revenues. In the result of the greater result the Revenue increased by a number of $664.0 Million from $527.6 million in 2013.

 According to the President and Chief Executive Officer of the Norwegian Cruise Line Kevin Sheehan Said "Our strong results in the quarter include an almost four-fold increase in earnings on an adjusted basis.With both Breakaway class ships now in our fleet, it is easy to appreciate the impact of their impressive earnings power, which includes commanding double-digit premiums over other Norwegian ships in the same itinerary." 

The result in the expenses in the Adjusted Net Cruise the cost on fuel per Capacity Day increased 3.7% and 3.4% on Constant Currency Basis For the most part it is due inaugural and launch-related costs for Norwegian Getaway together with incremental expenses for planned in Norwegian  Spirit Dry Dock. the cost on  the expense per fuel in metric tons, amount per hedge,  was $643 difference to $673 in 2013. Fuel  decreased in the quarter  6.8% in the fuel processed per Capacity day  which  will contribution an additional 0.7% from floating hotels and dockside charters.

In the Interest Expenses in 2013 the amount of the quarter was $31.2 million to a difference of $127.7  million in 2013. Interest expense include a $90.5 million in charges connected to prepayment of specific credit skills and redemption of specific of the Company's Senior in the process from both Company's initial public  giving and other Transactions. To prevent this charges, the Adjusted Interest expense, amount was $37.2 million in 2013. Year after year the reducing interest expense is to which is due in low interest rates in temorally results from the Company's Capital arrangement in the process of relating out in 2013 which is more than in creating the impact from high debts balance similar to the financial for Norwegian Breakaway and Getaway.

In the recording of the Company's income tax Benefit of  $9.5 million dollars in the difference to an expense $2.2 million in the prior million. The income Tax will result in 2014 primarily similar to the election of alternative, acceptable tax methodology in connective with changeable in the Company's corporation entity structure completed in 2013. A $6.7 million dollars was spent in non-recurring in the result of the election which was excluded in the process from Adjusted Net Income and Adjusted EPS.

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