Havila Kystruten AS: Trading Update November 2025

Core Insights - The company has achieved a booking position of 72% for 2025 capacity, which is approximately 96% of the full-year targeted occupancy [2] - For 2026, 47% of capacity is booked, which is about 8% ahead of the same time last year, with a target of 10-15% growth in Average Cabin Revenue (ACR) across cabin categories [1] - The occupancy rate reached 68%, and ACR increased by more than 15% compared to November 2024 [2] - Total ticket revenue remained consistent with November of the previous year, while ACR is currently 20% above the same time last year for the full year [2] Booking Position - As of now, 72% of the 2025 capacity is booked, indicating strong demand and effective sales strategies [2] - For 2026, the company is targeting a 10-15% growth in ACR, which supports continued revenue growth and EBITDA margin expansion [1] Revenue Performance - ACR has shown significant improvement, increasing by over 15% compared to the previous year [2] - The total ticket revenue aligns with the previous year's performance, indicating stability in revenue generation [2]