Carnival : Normalisation ongoing, still not much visibility on 2025 (particularly pricing). Neutral rating maintained, target price adjusted to 1,300p
>Q3 figures slightly ahead of expectations. Excellent pricing trend - Carnaval turned in excellent quarterly figures, with figures just beating the company’s guidance and analyst forecasts. In detail, we note very strong revenue growth of 15% y-o-y, lifted by prices which showed an increase of 8.7% in constant dollars in the quarter (vs guidance of +8.0%) vs 12% in Q2 and 18% in Q1. EBITDA jumped 27% y-o-y to $ 2.82bn, despite robust revenue growth, reflecting good co...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.