The Cruises sector comprises Hapag-Lloyd Kreuzfahrten and the joint venture TUI Cruises. The development of business of the two companies, operating in the German-speaking market for cruises and serving the luxury and expedition cruises segment and the volume market for premium cruises, reflected the slowly recovering economic environment. Due to the positive market development, both companies reported higher bookings.
Cruises – Key figures
| € million | Q2 2009/10 | Q2 2008/09 | Var. % | H1 2009/10 | H1 2008/09 | Var. % |
| Turnover | 59.7 | 58.0 | + 2.9 | 100.7 | 102.5 | - 1.8 |
| Divisional EBITA | 2.2 | - 0.1 | n/a | - 4.1 | - 4.5 | + 8.9 |
| Gains on disposal | – | – | – | – | | |
| Restructuring | – | – | – | – | ||
| Purchase price allocation | – | – | – | – | ||
| Other one-off items | – | – | – | – | ||
| Underlying divisional EBITA | 2.2 | - 0.1 | n/a | - 4.1 | - 4.5 | + 8.9 |
| Underlying divisional EBITDA | 4.1 | 2.2 | + 86.4 | - 0.1 | 0.3 | n/a |
| Capital expenditure | - 0.5 | 1.1 | n/a | 4.8 | 2.3 | + 108.7 |
| Headcount (31 March) | – | – | – | 226 | 211 | + 7.1 |
Bitte verwenden Sie einen aktuellen Browser: www.mozilla.org/de/firefox/new/
Turnover and earnings
In the second quarter of 2009/10, turnover of Hapag-Lloyd Kreuzfahrten totalled €60m in line with previous year's level. The joint venture TUI Cruises was measured at equity in the consolidated financial statement. Its turnover is therefore not shown here.
In the second quarter of 2009/10, underlying earnings by the Cruises sector stood at €2m, up €2m year-on-year. The profit contribution by Hapag-Lloyd Kreuzfahrten improved due to a year-on-year increase in rates and lower bunker costs. Earnings by TUI Cruises reflected in particular marketing measures implemented in order to increase demand for Caribbean cruises of Mein Schiff. Cumulative underlying earnings for the first half of the year improved slightly year-on-year to €-4m.
Hapag-Lloyd Kreuzfahrten
| Q2 2009/10 | Q2 2008/09 | Var. % | H1 2009/10 | H1 2008/09 | Var. % | |
| Occupancy (in %) | 69.3 | 74.1 | - 4.81) | 72.9 | 76.2 | - 3.31) |
| Passenger cruise days | 76,720 | 79,595 | - 3.6 | 153,753 | 151,202 | + 1.7 |
| Average daily rates (in €2)) | 455 | 440 | + 3.4 | 408 | 425 | - 4.0 |
1) percentage points
2) per day and passenger
Bitte verwenden Sie einen aktuellen Browser: www.mozilla.org/de/firefox/new/
Hapag-Lloyd Kreuzfahrten
In the second quarter of 2009/10, Hapag-Lloyd Kreuzfahrten recorded a load factor of 69%, down 5 percentage points year-on-year. The average rate per passenger per day was €455, up 3% year-on-year. In the second quarter of 2009/10, 76,720 passenger days were achieved. The decline of almost 4% was mainly attributable to a lower load factor for Columbus.
TUI Cruises
| Q2 2009/10 | Q2 2008/09 | Var. % | H1 2009/10 | H1 2008/09 | Var. % | |
| Occupancy (in %) | 84.9 | – | n/a | 76.6 | – | n/a |
| Passenger cruise days | 147,006 | – | n/a | 268,300 | – | n/a |
| Average daily rates (in €1)) | 122 | – | n/a | 117 | – | n/a |
1) per day and passenger
Bitte verwenden Sie einen aktuellen Browser: www.mozilla.org/de/firefox/new/
TUI Cruises
In the second quarter of 2009/10, Mein Schiff cruised the Caribbean, as in the first quarter. At 85%, the load factor was significantly up on the first quarter of 2009/10. This growth was primarily driven by the marketing measures already launched in the previous quarter (e.g. fly and cruise package deals) and further increases in customer satisfaction. Comparative figures for the prior year are not available since business operations were only launched in May 2009 with the commissioning of Mein Schiff. TUI Cruises launched measures to strengthen its brand profile in response to the increasingly competitive market environment. In the second quarter, 147,006 passenger days were achieved, up 21% versus the first quarter of the financial year 2009/10. Bookings also rose considerably in the period under review.