Press release -
Positive Operating Result for Havila Voyages
Havila Voyages presented its results for the second quarter of 2024 on Thursday afternoon. The figures show increased revenues and a positive operating result for the first time in the company's history, with a surplus of over 58 million Norwegian kroner.
Havila Voyages' revenues in the second quarter of 2024 amounted to 369 million NOK, compared to 172 million NOK in the same period last year. In the first half of 2024, revenues reached 662 million NOK, up from 289 million NOK the previous year. This growth is due to both higher occupancy and increased average cabin revenue. Occupancy and average income per cabin have also increased in the first half compared to last year.
"It is, of course, positive that we are seeing an increase in income and higher occupancy. This shows that we have a product that is gaining more recognition and that we have been able to deliver a good experience to those who have traveled with us. We are experiencing a very positive reception from both the coastal communities and our passengers," says Bent Martini, CEO of Havila Voyages.
"This gives us confidence in increased sales and occupancy for next year, especially since the prices we operated with this year were influenced by ticket sales from previous years and rebookings at the same price due to cancellations related to the delayed delivery of our last two ships."
The company’s operating expenses were 311 million NOK in the second quarter, resulting in a positive operating result of 58.4 million NOK for Havila Voyages. In the same period last year, the operating result was minus 15 million NOK. For the first half of the year, Havila Voyages reports a positive operating result of 41 million NOK, compared to minus 111 million NOK in the same period last year.
"It is very gratifying to present a positive operating result. It is important for the company and its owners that we have reached this point after a challenging start to Havila Voyages’ history," says Martini.
"We have seen good growth in direct digital sales through our own channels. We expect that our modern and more environmentally friendly coastal route ships, along with a continuously strengthened brand, will contribute to increased demand going forward."
In the second quarter, Havila Voyages' fleet had an operational uptime of 94%. Compared to the reference figures for the coastal route from 2017, the company reduced its CO2 emissions by 36%, and at the onboard dining venues, 70 grams of food waste were produced per passenger cruise night.
"The requirement in the agreement with the Ministry of Transport is a 25% CO2 reduction compared to 2017, and we are proud to deliver well above that requirement. Our strong performance is no excuse to rest. We aim to further reduce our environmental footprint, and we have proven that it is possible to take measures that benefit the climate and environment today, not just in the future."
"Reducing food waste is also important for cutting greenhouse gases, and it makes economic sense. We are pleased to keep food waste at a level far below the industry standard," concludes Martini.
Download the quarterly report below
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Havila Voyages is a Norwegian shipping company that sails the classic coastal voyage between Bergen and Kirkenes with the Norwegian coast's most environmentally friendly ships.
The four new ships are loaded with one the world's largest battery pack ever installed on passenger ships and can sail for up to four hours without noise or emissions through vulnerable areas. The batteries are charged with clean hydropower at shore, and when the batteries are low we switch to natural gas which cuts CO2 by around 35 %.
The hull is specially designed for maximum energy efficiency, and excess heat from cooling water and sea used for heating on board. On the menu are locally made dishes from local producers, and all unnecessary plastic is avoided. We are already exceeding the authorities' requirements for cutting emission, and we have set sail with zero emissions as the future target.
Havila Voyages is part of the Havila Group that dates back to the 1950s. It all started when the founder, Per Sævik, bought his first fishing boat in his teens. From fishing and herring fishing, Havila is now a group operating in shipping technology, offshore, transport and tourism.
