MS ‘Deutschland’ Beteiligungsgesellschaft mbH
MS ‘Deutschland’ Beteiligungs GmbH: MS ‘DEUTSCHLAND’ Beteiligungsgesellschaft mbH meets forecast for 2013
MS ‘Deutschland’ Beteiligungs GmbH / Key word(s): Final Results/Final Results PRESS RELEASE MS “DEUTSCHLAND” Beteiligungsgesellschaft mbH meets forecast for 2013 – Revenues of EUR 46.0m (Guidance: EUR 43m – EUR 45m) – EBITDA of EUR 3.2m (Guidance: EUR 3.0m – EUR 5.0m) – Positive Outlook given a solid y-o-y increase in ticket sales Neustadt in Holstein, May 23nd, 2014 MS “Deutschland” Beteiligungsgesellschaft mbH (“MS Deutschland GmbH”), the owner-operator of the cruising vessel MS DEUTSCHLAND, met its own forecast for the business year 2013 which had been published in September 2013, despite a demanding transition year. MS DEUTSCHLAND has started positively into 2014, with a dedicated quality and growth strategy resulting in rising ticket sales. Temporary burdening factors originating in the first half of FY13 which also impacted the second half of the year led to a FY13 revenue of EUR 46.0m. While it thus ended up significantly below the previous year’s level of EUR 51.2m, it slightly exceeded the latest company guidance of EUR 43m to EUR 45m. The profit before taxes, interest, depreciation and amortisation (EBITDA) improved from EUR 3.0m to EUR 3.2m also due to an extraordinary effect of EUR 5.0m. Company guidance had indicated an EBITDA within the range of EUR 3.0m to EUR 5.0m. MS Deutschland GmbH is optimistic as regards to the current 2014 financial year. Current bookings are up some 20 percent versus the same time last year, thus indicating a significant rise in revenues for the future. The positive trend also extends into 2015 and is driven both by new customers and repeaters. A regular, planned shipyard stop-over which will take several weeks in November 2014 will increase the attractiveness of the vessel. Among others, MS DEUTSCHLAND will be equipped with French balconies as well as a few veranda-like balconies. Christopher Nolde, Speaker of the management of MS Deutschland GmbH: “2013 wasn’t an easy year and was characterized by extraordinary effects, some of them impacting the whole luxury cruising segment. Even though we fully met our revised guidance issued in September 2013 we are clearly not satisfied with the results of that year. The more we are happy to see that our countermeasures are showing effect with rising ticket sales. Our quality strategy pays off and the attractiveness of the vessel will rise further due to the modernisation undertaken during the stay in the shipyard. We therefore are optimistic regarding the upcoming years. Our Investors Day scheduled for June 12th 2014 and taking place in Hamburg on board MS Deutschland offers interested investors an opportunity to learn more about the company, the vessel and current business trends. The Annual Report (in German language only) can be downloaded on our website www.msdeutschland-gmbh.de. For further information please contact: Investors Business Media Corporate Information On MS “Deutschland” Beteiligungsgesellschaft mbH: MS “Deutschland” Beteiligungsgesellschaft mbH, headquartered in Neustadt in Holstein (Germany), operates cruises worldwide throughout the year as the owner of the ocean cruise liner MS DEUTSCHLAND, also known as the “Traumschiff” from the television series of the same name. With a length of 175m and a width of 23m, MS DEUTSCHLAND as “grand hotel of the high seas” has a total of 294 passenger cabins. Further Information: Capital Market Information: www.msdeutschland-gmbh.de This report contains forward-looking estimates and statements that were made on the basis of the information available at this time. Forward-looking statements reflect the point of view at the time they are made. MS “Deutschland” Beteiligungsgesellschaft mbH would like to point out that the actual circumstances and, consequently, the actual results realised at a later date may differ from the forecasts presented in this report for a variety of reasons. End of Corporate News 23.05.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | MS ‘Deutschland’ Beteiligungs GmbH | |
Am Holm 25 | ||
23730 Neustadt in Holstein | ||
Germany | ||
Phone: | 04561/396-0 | |
Fax: | 04561/396-121 | |
E-mail: | info@msdeutschland-gmbh.de | |
Internet: | www.msdeutschland-gmbh.de | |
ISIN: | DE000A1RE7V0 | |
WKN: | A1RE7V | |
Listed: | Frankfurt in Open Market (Entry Standard) | |
End of News | DGAP News-Service |
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