Havila Voyages quarterly results

Havila Polaris and Havila Pollux were delivered to Havila Voyages in August, and September marked the first month of full operation for all four ships along the Norwegian coast. Revenues in the third quarter amounted to NOK 226 million, with NOK 47 million of these being contract revenues from Norwegian authorities.

"Despite our two latest ships being delayed in entering service along the Norwegian coast early in the previous quarter, we experienced an average occupancy rate of 70%. Our revenues were impacted by the delays, but we are witnessing a significant increase in pre-ticket sales compared to the previous quarter," said CEO Bent Martini.

"In connection with refinancing, our operating costs have been affected by extraordinary expenses related to legal and financial advisors."

Positive feedback

Havila Voyages is experiencing a growing interest both domestically and internationally, with an ambition to achieve an average occupancy rate of 80% by 2024. 45% of all capacity for 2024 has already been sold.

"We see that more people are discovering us and are eager to experience the classic coastal route with the most modern and environmentally friendly ships ever to sail along the Norwegian coast. Spacious common areas, comfortable cabins, a unique food concept, and a realistic and measurable focus on sustainability seem to resonate well in the market," said Martini.

"It's also pleasing that we receive daily positive feedback from our guests about both our product and concept," he concluded.

As of September 30, Havila Voyages had 425 employees sailing the classic coastal route and 40 employees in administration.

You can download the quarterly report for the third quarter below.