Havila Kystruten AS: Trading Update for Q4 2024 and January 2025

Havila Kystruten AS reports a solid operational performance for Q4 2024 and January 2025, reflecting steady demand and continued improvements in key revenue metrics.

Occupancy for Q4 2024 reached 78%, up from 63% in the same period last year, driven by strong seasonal demand. For the full year 2024, the company recorded an average occupancy rate of 73%, an increase from 65% in 2023. In January 2025, occupancy ended at 51%, reflecting the traditionally lower demand in the month of January, but remaining in line with last year’s performance.

The company expects to meet its full-year 2024 guidance, with EBITDA exceeding MNOK 200. January 2025 topline results were in line with budget expectations, supported by a solid increase in realized Average Cabin Revenue (“ACR”).