Carnival’s third quarter revenue grew by 3.3% to $8.2bn, despite a small drop in passenger numbers.
Adjusted cash profit (EBITDA) increased was up by 6.1% to $3.0bn helped by improved gross margins and fuel efficiency.
Free cash flow improved from $0.6 to $0.7bn. Net debt was $1.5bn lower at $24.7bn.
Carnival has increased its full-year underlying EBITDA guidance from $6.90bn to $7.05bn.
The shares were down 1.9% shortly after the announcement.
Our view
HL view to follow.
Carnival key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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