Carnival : Massive loss in Q2 - complete lack of visibility on when business will resume
>Massive loss in Q2; H2 should be on a similar scale - Carnival published an update on the Q2 2020 results running from March to end-May. Group sales clocked in at $ 0.70bn, i.e. total sales of around $ 5.5bn in H1, largely shy of the $ 9.5bn published for the same period in 2019. With the group’s business suspended since mid-March, net profit is deep into negative territory, at -$ 4.4bn (giving a loss that is twice as significant as expected) including $ 2.0bn in ass...Carnival is a leisure travel and cruise company. Co. operates over 100 cruise ships within a portfolio of global, regional and national cruise brands that sell tailored cruise products, services and vacation experiences. Co.'s North America cruise brands include Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn. Co. also has a Cruise Support segment that represents its portfolio of port destinations and private islands, which are operated for the benefit of its cruise brands. In addition to its cruise operations, Co. owns Holland America Princess Alaska Tours, the tour company in Alaska and the Canadian Yukon, which complements Co.'s Alaska cruise operations.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.