In crescita i risultati del gruppo crocieristico statunitense Carnival Corporation & plc

Il gruppo crocieristico statunitense Carnival Corporation & plc ha archiviato il trimestre marzo-maggio di quest'anno con un utile netto di 332 milioni di dollari su un ricavo di 2,3 miliardi di dollari, contro un utile pro forma di 124 milioni di dollari su un ricavo pro forma di 1,6 miliardi di dollari nel corrispondente periodo del 2003. Il risultato operativo si è attestato a 405 milioni di dollari (167 milioni nel periodo marzo-maggio del 2003).

La comparazione evidenziata è quella con i risultati pro forma del 2003 che includono l'attività di Carnival plc (ex P&O Princess plc) nell'intero trimestre marzo-maggio. Ricordiamo infatti che il 17 aprile 2003 Carnival Corporation e la britannica P&O Princess plc hanno costituito la dual listed company denominata Carnival Corporation & plc e P&O Princess plc ha cambiato ragione sociale in Carnival plc (inforMARE del 16 aprile 2003). Il bilancio consolidato del periodo marzo-maggio del 2003 include quindi solo sei settimane dei risultati di Carnival plc, mentre i dati pro forma presentati da Carnival Corporation & plc includono i risultati delle due società dall'inizio del 2003.

Commentando oggi i risultati registrati dal gruppo crocieristico, il presidente e amministratore delegato di Carnival Corporation & plc, Micky Arison, ha detto che le previsioni per la parte restante del 2004 e per l'inizio del 2005 sono positive. Il livello delle prenotazioni per il secondo semestre di quest'anno - ha precisato - è notevolmente superiore al livello del 2003 e i prezzi delle crociere mostrano una continua crescita.

Carnival Corporation & plc
Consolidated Statements Of Operations
(Source: Carnival Corporation)

	Three Months Ended May 31,
	Reported⁽¹⁾	Pro Forma⁽²⁾ ⁽³⁾	Reported⁽¹⁾ ⁽³⁾
	2004	2003	2003
	(in millions, except per share data)

Revenues
Cruise
Passenger tickets	$1,691	$1,239	$1,008
Onboard and other	529	364	305
Other	36	31	29
	2,256	1,634	1,342
Costs and Expenses
Operating
Cruise
Commissions, transportation and other	376	280	212
Onboard and other	97	61	44
Payroll and related	249	207	172
Food	137	105	88
Other ship operating	437	351	283
Other	33	31	28
Total	1,329	1,035	827
Selling and administrative	322	276	212
Depreciation and amortization	200	156	135
	1,851	1,467	1,174
Operating Income	405	167	168

Nonoperating (Expense) Income
Interest income	4	10	9
Interest expense, net of capitalized interest	(70)	(48)	(42)
Other (expense) income, net	(7)	⁽⁴⁾ (11)	⁽⁴⁾ (11)
	(73)	(49)	(44)
Income Before Income Taxes	332	118	124

Income Tax Benefit, Net		6	4

Net Income	$332	$124	$128

Earnings Per Share
Basic	$0.41	$0.16	$0.19
Diluted	$0.41	$0.16	$0.19

Dividends Per
Share	$0.125	$0.105	$0.105

Weighted-Average
Shares Outstanding -
Basic	803	796	689
Weighted-Average
Shares Outstanding -
Diluted	839	799	690



	Six Months Ended May 31,
	Reported⁽¹⁾	Pro Forma⁽²⁾ ⁽³⁾	Reported⁽¹⁾ ⁽³⁾
	2004	2003	2003
	(in millions, except per share data)

Revenues
Cruise
Passenger tickets	$3,218	$2,501	$1,808
Onboard and other	976	716	536
Other	45	39	33
	4,239	3,256	2,377
Costs and Expenses
Operating
Cruise
Commissions, transportation and other	760	592	386
Onboard and other	178	123	72
Payroll and related	486	398	302
Food	264	211	158
Other ship operating	817	687	496
Other	43	41	33
Total	2,548	2,052	1,447
Selling and administrative	638	558	389
Depreciation and amortization	388	307	241
	3,574	2,917	2,077
Operating Income	665	339	300

Nonoperating (Expense) Income
Interest income	9	15	13
Interest expense, net of capitalized interest	(136)	(101)	(71)
Other (expense)
income, net	(7)	⁽⁴⁾⁽⁵⁾7	⁽⁴⁾⁽⁵⁾4
	(134)	(79)	(54)
Income Before Income Taxes	531	260	246

Income Tax Benefit, Net	4	12	9

Net Income	$535	$272	$255

Earnings Per Share
Basic	$0.67	$0.34	$0.40
Diluted	$0.66	$0.34	$0.40

Dividends Per Share	$0.25	$0.21	$0.21

Weighted-Average
Shares Outstanding -
Basic	801	795	638
Weighted-Average
Shares Outstanding -
Diluted	830	799	639

(1)	The reported results for 2004 included Carnival Corporation and Carnival plc and the 2003 reported results only included Carnival plc since April 17, 2003, when the DLC transaction was completed.
(2)	See note (a) to the Carnival Corporation & plc "Reported and Pro Forma GAAP Reconciling Information."
(3)	Reclassifications have been made to certain 2003 amounts to conform to the current period presentation.
(4)	Included $16 million of expenses recorded in the three months ended May 31, 2003 related to litigation and other charges associated with the DLC transaction with P&O Princess plc.
(5)	Included $19 million of income from net insurance proceeds, less certain other nonoperating expenses, recorded in the three months ended February 28, 2003.

Carnival Corporation & Plc
Selected statistical and segment information

	Three Months Ended May 31,
	Reported	Pro Forma	Reported
	2004⁽¹⁾	2003⁽²⁾ ⁽³⁾	2003⁽¹⁾ ⁽³⁾
	(in millions, except statistical information)

STATISTICAL INFORMATION
Passengers carried	1,567,423	1,254,259	1,153,003
Available lower berth days⁽⁴⁾	11,120,445	9,092,025	7,660,571
Occupancy percentage	102.8%	98.2%	98.5%

SEGMENT INFORMATION
Revenues
Cruise	$2,220	$1,603	$1,313
Other	43	42	40
Intersegment elimination	(7)	(11)	(11)
	$2,256	$1,634	$1,342

Operating expenses
Cruise	$1,296	$1,004	$799
Other	40	42	39
Intersegment elimination	(7)	(11)	(11)
	$1,329	$1,035	$827

Selling and administrative expenses
Cruise	$308	$264	$203
Other	14	12	9
	$322	$276	$212

Operating income (loss)
Cruise	$421	$183	$178
Other	(16)	(16)	(10)
	$405	$167	$168



	Six Months Ended May 31,
	Reported	Pro Forma	Reported
	2004⁽¹⁾	2003⁽²⁾ ⁽³⁾	2003⁽¹⁾ ⁽³⁾

STATISTICAL INFORMATION
Passengers carried	2,929,009	2,460,689	2,075,786
Available lower berth days⁽⁴⁾	21,183,100	17,710,254	13,465,330
Occupancy percentage	102.4%	99.3%	100.3%

SEGMENT INFORMATION
Revenues
Cruise	$4,194	$3,217	$2,344
Other	54	51	46
Intersegment elimination	(9)	(12)	(13)
	$4,239	$3,256	$2,377

Operating expenses
Cruise	$2,505	$2,011	$1,414
Other	52	54	46
Intersegment elimination	(9)	(13)	(13)
	$2,548	$2,052	$1,447

Selling and administrative expenses
Cruise	$610	$533	$373
Other	28	25	16
	$638	$558	$389

Operating income (loss)
Cruise	$702	$375	$322
Other	(37)	(36)	(22)
	$665	$339	$300

(1)	The reported information for 2004 included Carnival Corporation and Carnival plc and the 2003 reported results only included Carnival plc since April 17, 2003.
(2)	See note (a) to the Carnival Corporation & plc "Reported and Pro FormaGAAP Reconciling Information."
(3)	Reclassifications have been made to certain 2003 amounts to conform to the current period presentation.
(4)	Available lower berth days ("ALBDs") is the total passenger capacity for the period, assuming two passengers per cabin, that we offer for sale, which is computed by multiplying passenger capacity by revenue-producing ship operating days in the period.