Hurtigruten Third Quarter 2021 Results
Hurtigruten reported the third quarter financial results as of 30th September 2021.
The Group’s bookings are at an all-time high compared to pre-pandemic levels. All seven ships in Hurtigruten Norway returned to full operation whilst two ships from Hurtigruten Expedition resumed the operation during the third quarter. Covid-19 continued to have a significant impact on the financial performance. However, we have observed a positive trend in revenue growth. Adjusting for the Government compensation scheme, which ended in Q2 2021, the underlying revenue growth is 20.8 % quarter on quarter 2021 vs 2020. Operational cash flow in Q3 2021 showed significant improvement compared to Q3 2020. The Group is in a solid financial position with available liquidity of EUR 122m including a recent EUR 75m shareholder loan which is showing strong support from all our financial stakeholders.
Full report https://mb.cision.com/Public/19513/3461018/a3c1b7949ea28fad.pdf
Nov 26 2021