Finance 2018-03-01T10:04:38+00:00

Finance

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Attica rides out the storm

Greek ferry operator, Attica, a subsidiary of the Marfin Investment Group (MIG), announced a drop of 28% in its 2020 consolidated revenue to €290.40 mill, compared to €405.40 mill recorded for fiscal 2019. As a result of the [Read more...]

April 13th, 2021|

Saga ready for the upturn

Saga plc reported a loss before tax of £61.2 mill for 2020, which reflected a £59.8 mill impairment charge of travel goodwill in the first half of last year. The group claimed a strong liquidity position, with total [Read more...]

April 13th, 2021|

Carnival reduces cash burn

Carnival Corp has reported a US GAAP and an adjusted net loss of $2 bill each for the first quarter of this year. At the end of the quarter, Carnival said it had $11.5 bill in cash and [Read more...]

April 13th, 2021|

Brittany Ferries prepares for the future

In a year dominated by the Covid crisis and amid on-going Brexit concerns, Brittany Ferries’ 2020 passenger numbers fell to less than a third of normal levels, the company said. Freight fared slightly better, with figures down by [Read more...]

March 26th, 2021|

NCLH raises $150 mill

In connection with its previously announced underwritten public offering in Norwegian Cruise Line Holdings (NCLH), the underwriter has fully exercised its option to purchase an additional 5 mill ordinary shares at $30 per share. The issuance and sale of [Read more...]

March 26th, 2021|

Hurtigruten shores up liquidity

Norwegian Group Hurtigruten reported a significant fall in its 2020 revenues to €269 mill, compared to €609 mill for the previous year. Fourth quarter 2020 revenues were €38.4 mill, against €128 mill in 4Q19. EBITDA was a negative [Read more...]

March 12th, 2021|