Norwegian Cruise Line (NCL Corporation Ltd., "Norwegian" or "the Company") reported results for the quarter and year ended December 31, 2011.
Norwegian Cruise Line posted another year of record results in 2011. Growth in the top line, coupled with operating enhancements, drove improved bottom line results. Operating income increased 37.1% over prior year and Adjusted EBITDA reached a record $506.0 million. "In light of the recent tragedy in Italy, I would first like to extend our sincere thoughts and prayers to those involved and affected," said Kevin Sheehan, President and Chief Executive Officer. "Looking at 2011, I am pleased to report it was another year of great results. In addition to the impressive financial results for the year, our guest satisfaction scores reached new highs, confirming that our initiatives to continue to improve the vacation experience are resonating with our guests," continued Sheehan.
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