Havila Kystruten Reports Q2 2025 Earnings: CEO and CFO to Host Earnings Call

Havila Kystruten AS published its Q2 2025 financial report on August 28, 2025. CEO Bent Martini and CFO Aleksander Røynesdal will present the results in an earnings call on August 29, 2025. The presentation is attached, and a recording will be available on the company's website. Contact information for Martini and Røynesdal is provided.

Havila Kystruten AS published its Q2 2025 financial report on August 28, 2025. The report highlights significant growth and operational improvements, with a focus on sustainability and financial flexibility. CEO Bent Martini and CFO Aleksander Røynesdal will present the results in an earnings call on August 29, 2025, followed by a Q&A session. The presentation is attached, and a recording will be available on the company's website.

Financial Highlights:

- Total revenues for Q2 2025 were MNOK 416, representing a 22% year-over-year increase in operational revenue.
- Passenger nights increased by 18%, and the average cabin rate (ACR) rose by 20%.
- Occupancy improved to 74%, up from 69% in the previous quarter, with a cabin factor rising from 1.78 to 1.88.
- Onboard sales increased by 12% year-over-year.
- EBITDA reached MNOK 79, up 35% from Q2 2024 and significantly higher than MNOK 11 in Q1 2025.
- The company reported a net foreign exchange loss of MNOK 141 due to currency fluctuations, impacting the book equity.

Operational and Strategic Initiatives:

- Havila Kystruten has continued its sustainability efforts, reducing CO2 emissions by 38% compared to the 2017 baseline and achieving a food waste reduction target of less than 75 grams per guest per day.
- The company amended its secured bond, extending maturity to January 2027 and reducing the interest rate to 6.5% for the first five months, enhancing financial flexibility.
- Havila Kystruten renegotiated its LNG procurement agreement, introducing a dual-supplier model to reduce annual fuel costs by over 10% and improve supply flexibility.

Outlook:

- As of today, 66% of the capacity for 2025 has been booked, corresponding to 88% of the annual target for cabin nights.
- Occupancy for the third quarter is currently at 80%, with more than one month remaining in the quarter.
- The balance between the northbound and southbound routes continues to improve, increasing flexibility and enabling more sales closer to the departure date.
- For 2026, 28% of capacity is already booked at significantly higher average prices (ACR) than for 2025.
- The company is focusing on increasing direct bookings, which historically yield higher prices closer to departure.

Contact Information:

- Chief Executive Officer: Bent Martini, +47 905 99 650
- Chief Financial Officer: Aleksander Røynesdal, +47 413 18 114

[1] https://finance.yahoo.com/news/havila-kystruten-second-quarter-2025-060000580.html
[2] https://www.streetinsider.com/Globe+Newswire/Havila+Kystruten+AS%3A+Q2+2025+Earnings+Call+Presentation/25271610.html
[3] https://www.globenewswire.com/news-release/2025/08/29/3141297/0/en/Havila-Kystruten-AS-Q2-2025-Earnings-Call-Presentation.html