Royal Caribbean Cruises expects the Brexit vote to take a toll on its full year result.
Its note of caution came as the cruise line posted a bigger profit in the second quarter.
The cruiseship owner reported US GAAP net income of $229.9m, ahead of the $185m posted at the same stage of 2015.
Earnings per share (EPS) of $1.06 were better than the company’s forecast and also beat the analysts’ consensus of $1.02.
Richard Fain, chief executive of RCCL, said: “Our business remains strong and we continue to improve our return profile.”
Brexit effect on full year guidance
But despite the improved performance from April to June, RCCL has lowered its full year EPS ambitions by $0.20, to around $6.10.
The company said $0.14 of this decrease is related to weakness in the British pound following the Brexit vote.
Jason Liberty, chief financial officer at RCCL, said: “While there are always puts and takes in our key markets, our portfolio is performing as expected, our booked position remains strong, and our newbuilds are entering their markets to great fanfare.”
“These factors are driving another year of record earnings.”
The sale of Pullmantur to Springwater Capital increased the company’s yields and cost metrics, RCCL explained.
RCCL kept its quarterly revenue relatively stable at $2.1bn, against $2.06 a year ago.
