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UNITED STATES
SECURITIES AND EXCHANGE COMMITTEE
Washington, DC 20549
_____________________
] Form 8-K [19659005] _____________________
CURRENT REPORT
Pursuant to section 13 or 15 (d) of the Securities Exchange Act of 1934
Report Date (First Date reported event): July 18, 2018
NORWAY CRUISE LINE HOLDINGS LTD.
(Exact name of declarant as specified in the Charter)
Bermuda | 001-35784 | 98-0691007 [19659015] (State or other jurisdiction of incorporation) [19659017] (Commission File Number) | (IRS Employer Identification Number) |
7665 Corporate Center Drive, Miami, Florida 33126 |
(Address of Major Executive Officers) |
(305) 436-4000
(incumbent's telephone number, including area code)
(old name of old address, if it has changed since last report)
Check the appropriate box here below if Form 8-K purports to simultaneously fulfill the registrant's reporting obligation under the following provisions: | ||
[ ] | Communications under Rule 425 under the Securities Act (17 CFR 230.425) | |
[ ] | Solicitation of Documents Under Rule 14a-12 Under the Exchange Act (17 CFR 240.14a-12) | |
pursuant to Rule 14d-2 (b) of the Securities Act (17 CFR 240.14d-2 (b)) | ||
[ ] | Communications Prior to the Opening of Proceedings under Rule 13e-4 (c) of the Foreign Exchange Law (17 CFR 240.13e-4c) ) |
Indicate by box whether the filer is an emerging growth company within the meaning of Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging Growth Company [ ]
If a growing emerging company indicates by check box whether the filer has elected not to use the extended transition period to comply with any new revised accounting standards in accordance with Section 13 ( a) Exchange Act. [ ]
Item 7.01. FD Regulation Disclosure.
On July 18, 2018, Norwegian Cruise Line Holdings Ltd. issued a press release regarding certain changes to its fleet deployments. A copy of the press release is provided as Exhibit 99.1 of this report.
Exhibit 99.1 is provided and will not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to this section, and will not be deemed to be incorporated by reference into any other filing made under the Securities Act, 1933, as amended, or the Exchange Act, except as expressly provided in such filing.
Item 9.01. Financial statements and supporting documents.
(d) Supporting documents.
Exhibit Number | Description | |
99.1 | Press release, dated July 18, 2018. |
SIGNATURE
In accordance with the requirements of the Securities Exchange Act of 1934, the notifier duly have this report signed on his behalf by the undersigned, being duly authorized.
NORWEGIAN CRUISE LINE HOLDINGS LTD. | |||
Date: July 18, 2018 | By: | / s / Daniel S. Farkas | |
[Not available] 19659043] | Profiles of Daniel S. Farkas [19659063] | Senior Vice President, General Counsel and Assistant Secretary | |
PIECE 99.1
Norwegian Cruise Line Holdings Announces Improvements to its 2019 and 2020 Norwegian Cruise Ship Deployments to Capitalize Norwegian Joy Sails in Alaska from Spring 2019
Norwegian Spirit Re-deploys to China in the summer of 2020
Norwegian Pearl, Jewel and Jade to expand the presence of the brand in Europe, Australia and Asia 2019
The company plans to increase its forecast adjusted EPS for 2018
MIAMI, 18 July 2018 (GLOBE NEWSWIRE) – Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) ("Norwegian Cruise Line Holdings", "Norwegian" or "Compa ny") today announced changes in the 2019 and 2020 deployments of its Norwegian Cruise Line brand to better monetize the strong The Company also expects to increase its adjusted EPS guidance for 2018 despite headwinds related to higher fuel prices, currency fluctuations and expected impacts associated with deployments announced when the second quarter results were released. quarter August 9, 2018.
"The strong growth demand environment in our major markets around the world, combined with the record performance of Norwegian Bliss, continues to exceed our expectations," said Frank Del Rio, President and Chief Executive Officer of Norwegian Cruise Line Holdings Ltd. As a result, we are leveraging the strategic benefits of our growing fleet to seize Quickly realize significant opportunities in outperforming, unserved and underserved markets to meet the demands of our global customer base and generate higher returns for our shareholders. The realignment and optimization of ship assets also allows us to rationalize our capacity in China while maintaining our commitment to this promising cruise market. "
Norway intends to seasonally sail to Alaska, Mexican Riviera and Panama Canal In April 2019, Norwegian Joy will move from Shanghai to Seattle for 7-day trips to Alaska, replacing Norwegian Pearl as the third Norwegian Cruise Line ship in the region, joining Norwegian Bliss and Jewel.After arriving in Seattle, Norwegian Joy will be upgraded by about $ 50 million to improve its already popular features and make sure that his creations are virtually identical to those of his sister ship, Norwegian Bliss, the most recent ship 51 years of history of the line
After his inaugural season in Alaska, Norwegian Joy will reposition itself in Los Angeles for a Mexican Riviera and Panama Canal travel season in the winter of 2019/2020, and its deployment in the Mexican Riviera will mark a turning point in the hilly cruising market historically underserved from the west coast of the United States with the arrival of a high-end and state-of-the-art cruise ship
Revitalized Norwegian Spirit will serve the Chinese market from the summer of 2020
Norwegian Cruise Line remains committed to serving the Chinese cruise market by redeploying the Norwegian Spirit of 2000 passengers to the region from the summer of 2020. Before its arrival, Norwegian Spirit a bow-to-stern revitalization program previously planned as a final vessel to be upgraded as part of the Norwegian Bord Refurbishment Program ® .
Norwegian pearl to redeploy in Europe
While Norwegian Joy enters the Alaska market in summer 2019, the 2,400 Norwegian passengers will redeploy to Europe offering varied itineraries in Northern Europe since Amsterdam, a new port of call for the line, to take full advantage of the growth of the source market of Central Europe. Norwegian Pearl is reinforcing the seasonal European roll-out of the six-ship line, where demand from European and North American consumers remains at a record high.
Norwegian Jewel and Jade Will Deploy to Australia and Asia
Seasonal deployment of Norwegian Joy in Los Angeles in winter 2019/2020 will allow 2,400 Norwegian Jewel passengers to return to Australia for third year seasonal departures from Sydney and new trips from Auckland, New Zealand. Further pushing the region's growing presence in the region, the 2,400-passenger Norwegian Jade will offer a season-crossing in Southeast Asia from Singapore and Hong Kong in the winter of 2019/2020. The deployment of Norwegian Jewel and Jade in the region aims to take full advantage of the thriving Australian source market, which remains the world's most penetrated market and one of the most dynamic.
Financial Outlook
As a result of these deployment changes in several fleets, the Company expects to achieve an adjusted adjusted earnings per share of approximately $ 0.30 in 2020.
In 2019, the additional profits the higher returns ordered from a partial year of new route deployments will be offset by a single non-monetary write-off of approximately $ 25 million arising from improvements and improvements. improvements to Norwegian Joy, lost revenue for the five-week suspension complete improvements and reposition the vessel and additional expenses to market the redesigned routes. As a result, the company expects that the optimization of the aforementioned route will be slightly accretive to adjusted EPS in 2019.
For 2018, solid organic profits resulting from a Robust and continuous global demand should more than offset the impacts of rising fuel prices. exchange rate fluctuations and other items related to redeployment. As a result, the Company expects to increase its adjusted EPS guidance for the year 2018 when it will release its financial results for the second quarter on August 9, 2018.
"The booking environment for the cruise demand shows no signs of slowing down. " "The occupation for the second half of 2018 continues to be ahead of last year with prices well ahead of the record levels of last year. recorded for the year 2019 remains not only well above the record levels of the previous year, but also the gains in occupancy and price since the last call for profits. "
Conference Call to the financial results of the second quarter of 2018
The Company will present its financial results for the second quarter of 2018 on Thursday, August 9, 2018 at 7:00 am, Eastern time, with a conference call to discuss the results at 10:00 am I am Eastern Time. The conference call will be broadcast simultaneously on the Company's Investor Relations website, www.nclhltdinvestor.com. A replay of the webcast will be available on the same site for 30 days following the call.
About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading international cruise line company that operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. With a combined fleet of 26 ships with approximately 54,400 seats, these brands offer routes to more than 450 destinations worldwide. The company will introduce eight more vessels until 2027.
Non-GAAP Financial Measures
"Adjusted Earnings per Share" is a non-GAAP financial measure which is defined as adjusted net income some additional adjustments, divided by the number of diluted weighted average shares outstanding. A reconciliation of adjusted earnings per share to the most directly comparable GAAP measure is not available for forward-looking estimates as it would be too difficult to prepare a reliable quantitative GAAP reconciliation without unreasonable effort.
– Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking statements within the meaning of applicable US federal securities laws to be recognized for exemption. of the 1995 Securities Private Litigation Reform Act. All statements other than statements of historical fact contained in this news release, including those relating to our business strategy, financial condition, results of operations, plans, outlook and our management objectives for our future operations (planned deployments, fleet improvement plans and costs, objectives related to our operations and expected performance in new markets), are forward-looking statements. Many, but not all, of these statements can be found by searching for words like "expect", "anticipate", "aim", "project", "plan", "believe", "search", " want "," may, "" forecast "," estimate "," intention "," future ", and similar words. Forward-looking statements are not guarantees of future performance and may involve risks, uncertainties and other factors that could cause our results, performance or achievements to differ materially from future expressed or implied results, performance or achievements. in these forward-looking statements. Examples of such risks, uncertainties and other factors include, but are not limited to, the effects of: adverse events that affect travel security, such as acts of terrorism, armed conflict and threats, acts piracy and other international events; adverse incidents involving cruise ships; adverse economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and volatility in fuel prices, declines in stock 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 epidemics; our expansion and our investments in new markets; the increased risks and costs associated with international operations; breaches of data security or other disruptions of our information technology and other networks; changes in fuel prices and / or other operating costs of cruises; foreign exchange rate fluctuations; overcapacity in key markets or globally; the unavailability of attractive port destinations; our indebtedness and restrictions in our debt agreements 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 debt; the volatility and disruption of the global credit and financial markets, which could adversely affect our ability to borrow and increase our credit risk, including those related to our credit facilities, derivatives, contingent obligations, contracts Insurance and new down payment guarantees; our inability to recruit or retain qualified personnel or the loss of key personnel; delays in our shipbuilding program and repairs, maintenance and refurbishment of vessels; our reliance on third parties to provide hotel management services to certain ships and certain other services; future increases in the price of commercial air transport services, or major changes or reductions thereof; changes to our collective agreements for crew members and other employee relations matters; our inability to obtain adequate insurance coverage; future changes in the way external distribution channels sell and market our cruises; ongoing or threatened litigation, investigations and enforcement actions; our ability to keep up with the evolution of technology; seasonal variations in passenger fares and occupancy rates at different times of the year; changes in the tax and environmental regulatory regimes in which we operate; and other factors set out under "Risk Factors" in our most recent annual report filed on Form 10-K and subsequent filings by the Company with the Securities and Exchange Commission. The examples above are not exhaustive and new risks emerge from time to time. These forward-looking statements are based on our current beliefs, assumptions, expectations, estimates and projections regarding our current 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 of their publication. We expressly disclaim any obligation or commitment to publicly post updates or revisions to any forward-looking statement contained in this document to reflect any changes in our expectations therein or any changes in events, conditions or circumstances in this document. which statement is true except as required by law.
Investor Relations and Media Contacts |
Andrea DeMarco |
(305) 468-2339 [email protected] Jordan Kever |
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