Positive Operating Result for Havila Voyages in Q2 2024
Havila Voyages proudly announces its financial results for the second quarter of 2024, marking a historic achievement for the company. For the first time, Havila Voyages has reported a positive operating result, with a surplus of over 58 million NOK.
The company’s revenue for Q2 2024 reached 369 million NOK, up from 172 million NOK in the same quarter last year, representing a 114% year-on-year growth. In the first half of 2024, Havila Voyages saw revenues soar to 662 million NOK, compared to 289 million NOK in the first half of 2023. This success is attributed to increased occupancy and higher average cabin revenue, reflecting the growing appeal of Havila Voyages’ product.
HAVILA POLARIS
“It’s extremely encouraging to see the rise in both revenue and occupancy. This shows that our product is gaining traction, and that we are providing a memorable experience to those who travel with us. We’ve seen a positive response from coastal communities and our passengers alike,” said Bent Martini, CEO of Havila Voyages. Martini also highlighted that this growth strengthens their outlook for 2025, as the pricing for 2024 was influenced by rebooking and ticket sales from previous years.
Havila Voyages’ operating expenses for Q2 were 311 million NOK, resulting in a positive operating result of 58.4 million NOK, a significant improvement compared to the operating loss of 15 million NOK in Q2 2023. For the first half of the year, the company reported a positive operating result of 41 million NOK, in contrast to a loss of 111 million NOK in the same period last year.
“It’s a tremendous milestone for Havila Voyages to deliver a positive operating result, especially after the challenges we faced during our early years,” Martini added. The company has also made significant strides in environmental sustainability. The fleet achieved 94% operational uptime in Q2 and reduced CO2 emissions by 36% compared to 2017 benchmarks. Additionally, onboard dining venues reported food waste of just seventy grams per passenger per cruise night, well below industry standards.
“We are exceeding the 25% CO2 reduction requirement set by the Ministry of Transport and will continue to reduce our environmental footprint. Our success shows that sustainable practices can benefit both the planet and our bottom line,” Martini noted.
HAVILA VOYAGES Bergen – Kirkenes
Bow viewpoint Havila
Havila Voyages continues to operate with a strong focus on reducing emissions. Its fleet is equipped with some of the largest battery packs installed on passenger ships, allowing them to sail for up to four hours emission-free. The vessels are charged using clean hydropower and, when needed, transition to natural gas, cutting CO2 emissions by approximately 35%. Havila Voyages remains committed to setting a new standard in environmentally friendly coastal travel while delivering an exceptional passenger experience.
