Norway’s Hurtigruten Group has announced a strong operational result and solid revenue growth for the first half of 2025.
Following the successful restructuring of the company earlier this year – including the split from cruise expedition company, HX – Hurtigruten now operates 10 ships along the Norwegian coast as well as land-based tour operations in Svalbard.
Hurtigruten’s first results as a standalone company saw EBITDA increase by 60%, from €27 mill to €43 mill, compared to the same period the previous year when operating as two divisions, while total revenue increased by 14% to €250 mill.
Occupancy rates also rose, from 66% in 1H24 to 70% in 1H25.
“This growth is a testament to the successful establishment of the ‘new’ Hurtigruten, which now solely serves the Norwegian coast and Svalbard.
“Our commitment to providing the iconic experience of Norway has resonated with our guests, and we are excited about the future as we continue to see strong demand,” said CEO, Hedda Felin (pictured).
“We would like to thank our guests for choosing Hurtigruten, our partners for their collaboration, and our dedicated employees for their commitment.
“Together, we are setting new standards in the travel industry and creating unforgettable journeys through Norway’s breathtaking landscapes in a time where more sustainable destinations become increasingly popular,” she added.
Looking ahead, Hurtigruten Group said it expected continued growth in EBITDA and occupancy rates, reflecting strong demand and positive booking trends.
As of 26th August, Hurtigruten’s booked ticket sales for the full current year are up by 11%, compared to the same period in 2024.
Similarly, Hurtigruten’s booked ticket sales for 2026 are up by 12% compared to future bookings at the same time last year.
During 1H25, Hurtigruten restructured and significantly strengthened its balance sheet. The book equity now stands at €85 mill and the company’s €411 mill term loans mature in 2030.
The Group’s total cash position was €112 mill at the end of the first half of 2025.
As a part of Hurtigruten’s commitment to reducing its environmental footprint, the company is continuously looking at ways to modernise the fleet.
For example, during 1H25, ‘Nordlys’ completed a significant upgrade to battery/hybrid propulsion, making her the fourth Hurtigruten ship to run on hybrid power.
In addition, the company reduced its Scope 1 emissions per guest by 9%, and significantly reduced SOx emissions by 45% (2024 figures compared to 2023).
