Report
Fehmi Ben Naamane ...
  • Johanna Jourdain

Carnival : Un T1 sans grande surprise, amélioration progressive des niveaux de réservations (surtout pour 2022) ; Sous-performance, OC relevé à 1 300p

>Perte nette de 2.0 Md$ au T1 ; amélioration du niveau de liquidité - Carnival a publié hier son trading update du T1 2021 à fin février. Le trimestre reste largement impacté par le contexte en cours, la perte nette ressort à près de 2 Md$, soit quasiment le même chiffre qu’au T4 2020 et représente le montant des charges incompressibles étant donné le très faible niveau d’activité. Le niveau de liquidité ressort globalement satisfaisant à 11.5 Md$ (9.5 Md$ à fin 2020)...
Underlying
Carnival plc

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fehmi Ben Naamane

Johanna Jourdain

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