Independent journal on economy and transport policy
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In the exercise 2011 Carnival has recorded an increase of 9.2% of the revenues and a decrease of 3.3% of the profit clearly
Arizon reassures the shareholders, to which it promises to transfer the liquidity in excess
December 20, 2011
In the exercise anniversary 2011 (period December 2010 - November the 2011) crocieristico group American Carnival Corporation & plc has recorded an increment of 9.2% of the revenues that have attested to 15.793 million dollars regarding 14.469 million dollars in the exercise anniversary precedence. To root cause of an increase of 13.3% of the operating costs, piled to 10.299 million dollars, the operating result is diminished of 3.9% to 2.255 million dollars. The profit clearly has been of 1.912 million dollars (- 3.3%). The profit per.share has been pairs to 2,43 dollars regarding 2,51 dollars in 2012. In the entire exercise the 2011 fleet of cruise ships of the group American has boarded 9.559.000 passengers (+4.5%).
"On the whole - it has commented today the president and managing director of Carnival Corporation, Micky Arison - 2011 have been an encouraging year for our total pocketbook of crocieristici marks. Our North American brands have achieved good performance reaching an increment of the revenues next to 4%, while those of our European, Australian and Asian brands have been online with those of the year precedence (to constant dollar) although they quickly have the remarkable impact of the geopolitical disorders in Middle East and Africa North. The greater revenues have been partially balanced from the increase of 32% of the cost of the fuel, that it has diminished the profits of 535 million dollars, or 0,68 dollars per.share for the year". "The cash flow of 3,8 billion dollars produced from the operating activity - it has added Arison - supplies more deep than sufficient for our investment program of 2,7 billion dollars and affords to the society to transfer the liquidity in excess to our shareholders. At the beginning of this year - it has specified - our quarterly dividend has grown from 0,10 to 0,25 dollars per.share for a total distribution of dividends pairs to 670 million dollars. Moreover we have acquired 14,8 million actions of the society on the free market to a cost of 455 million dollars".
In the solo fourth trimester of the exercise 2011 (period september-November the 2011) group has totaled revenues for 3.696 million dollars, with a progression of 5.7% on the correspondent period of exercise 2010. The operating result is diminished of 9.7% to 308 million dollars and the profit clearly is dropped of 12.5% to 217 million dollars. In the quarter september-November of this year the fleet of the group has accommodated 2.367.000 passengers (+4.8%).
The group American has announced that currently the reservations for the 2012 are relative to cruises of light advanced price regarding that of the year precedence and their volume presupposes an light decrease of the occupation. In last the six weeks - it has specified Carnival - the volume of the reservations for the first three trimesters of 2012 has turned out considerably advanced to that of the year precedence and is relative to cruises of inferior price.
Carnival previews that in the exercise the 2012 revenues will grow between 1.0% and 2.0% (to constant dollar), while the profit clearly will endure a reduction of 135 million dollars (- 0,17 dollars per.share regarding 2011).
Arison has concluded explaining that the group continuous to being focused "on a strategic increase through the insertion of 2-3 new ships per year". In the 2012 they will be the three new ships to enter in the fleet of the group: Costa Fascinosa for the brand Costa Crociere, that the next April will be taken in delivery, and AIDAmar and Carnival Breeze for the marks AIDA Cruises and Carnival Cruise Lines, that they will be delivered to May. Based on such strategy - it has added Arison - "we preview that in 2012 our operating cash flow it will be next to the four billions of dollars, while our amount of the investments will be of 2,6 billion dollars. In 2012 and successively we expect to generate a consisting free cash flow, what that would have to supply ulterior opportunities in order to transfer liquidity to the shareholders".
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