Norway · Delayed Price · Currency is NOK Havila Kystruten AS Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 100% uptime, 72% occupancy, and 15% revenue growth year-over-year, with EBITDA at NOK 30 million. Higher fuel costs led to a revised 2026 EBITDA target of NOK 500–600 million, but long-term outlook remains strong.
Fiscal Year 2025
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EBITDA doubled to NOK 400 million in 2025 on 17% revenue growth, with strong operational uptime and sustainability achievements. Bookings and profitability targets for 2026 are ahead of last year, supported by refinancing and cost efficiencies.
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Q3 2025 saw 13% revenue growth, record-high occupancy, and a major refinancing that halved interest costs. Strong bookings and higher margins are expected for 2026, with ambitious EBITDA and sustainability targets supported by robust demand and operational improvements.
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Q2 2025 saw 22% revenue growth, 19% EBITDA margin, and 74% occupancy, with strong gains in average cabin revenue and sustainability achievements. LNG costs are set to drop 10% from Q4, and refinancing efforts are underway, targeting NOK 400 million EBITDA for 2025.
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Q1 2025 saw a return to positive EBITDA, strong direct sales growth, and a younger, broader customer base. Guidance for 2025 is EBITDA above NOK 400 million, with refinancing preparations progressing and favorable market trends supporting future growth.
Fiscal Year 2024
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Revenue reached NOK 1.5 billion in 2024 with EBITDA of NOK 290 million and a 40% margin, driven by higher occupancy, increased cabin rates, and strong ESG performance. Pre-bookings for 2025 are at 54% capacity, supporting an EBITDA target of NOK 400-500 million.
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Q3 2024 saw a strong turnaround with positive EBITDA, robust occupancy, and significant price and onboard spend growth. Guidance for 2025 and 2026 targets higher margins and new revenue streams, while refinancing and value-adjusted equity support a positive outlook.
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Q2 2024 marked the first positive EBITDA, driven by revenue growth and operational improvements. Occupancy and pricing improved, with strong bookings for 2025 and a focus on sustainability and refinancing to lower interest costs.