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http://www.tui-group.com/en/ir/reports/interim_reports_2008/2nd_quarter_2008/divisions/tourism/cruises.html
Cruises

Cruises

Hapag-Lloyd Kreuzfahrten – Key figures

€ million Q2 2008 Q2 2007 Var. % H1 2008 H1 2007 Var. %
Turnover 46.5 36.0 + 29.2 104.5 85.9 + 21.7
EBITA by division 0 - 1 + 100.0 6 2 + 200.0
Gains on disposals    
Restructuring    
Purchase price allocation    
Other one-off items    
Underlying EBITA by division 0 - 1 + 100.0 6 2 + 200.0
             
Investments 0.6 5.1 - 88.2 0.8 5.9 - 86.4
Headcount (30 June) 210 195 + 7.7
Utilisation (in %) 78.5 78.6 - 0.1*) 77.5 76.4 + 1.1*)
             
 

*) percentage points

Turnover and earnings

Total turnover rose to € 47 million in the second quarter of 2008, up 29.2% year-on-year. Accumulated turnover for the first half of the year grew by 21.7%. Average revenues per day grew again year-on-year. Earnings grew year-on-year, climbing to € 0 million (previous year: € - 1 million) in the second quarter and € 6 million (previous year: € 2 million) for the first half of 2008. This growth was achieved despite adverse effects resulting from the rise in oil price-induced operating costs.

Business development

In the second quarter of 2008, Hapag-Lloyd Kreuzfahrten again reported a positive business development. Demand for cruises in the premium and luxury segment increased substantially year-on-year. Hapag-Lloyd Kreuzfahrten benefited of this development and continued to record a positive development of bookings. The occupancy rate remained on high level. The ‘Europa‘ and ‘Columbus‘, in particular, reported gratifying growth both in booking volumes and rates.