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Tag / quarterly results

Strong expansion and fuel hedging for 2015 affect Norwegian’s 2014 results

Strong expansion and fuel hedging for 2015 affect Norwegian’s 2014 results

Press Releases   •   Feb 12, 2015 06:10 GMT

Norwegian’s 2014 results are characterized by strong revenue and capacity growth as well as major investments for future expansion. Fuel hedging for 2015 for the amount of 459 MNOK was a considerable cost in 2014. Consequently, major costs for 2015 have already been covered. The company reported a net profit of -1,050 MNOK compared to 322 MNOK in 2013.