The traditional Norwegian shipping company Hurtigruten looks back on a financially successful 2025 financial year. The company was able to increase its revenue by twelve percent to a total of 502 million euros.
The increase in operating profit (EBITDA) was particularly significant, rising from €50 million in the previous year to €90 million. A total of approximately 222.000 passengers used the fleet's ships, representing a six percent increase. This positive development follows the organizational separation from the expedition brand HX, allowing Hurtigruten to refocus on its core business of the classic coastal express route and special themed voyages.
In addition to its operational successes, the company achieved a comprehensive restructuring of its balance sheet. A significant portion of existing liabilities was converted into equity, and the owners also provided fresh capital. Extending financing until 2030 secured the group's long-term stability. This financial realignment enabled the shipping company to complete a comprehensive fleet modernization program. A total of approximately €150 million was invested in refurbishing the ships to enhance their technical performance and the quality of the onboard service.
In the German-speaking market, which plays a central role for the Norwegian company, Hurtigruten recorded significant growth rates in 2025. While total revenue in the DACH region increased by almost ten percent, the so-called Signature Cruises, with a 32 percent increase, proved to be the main growth driver. These premium cruises are characterized by longer port stays and a comprehensive all-inclusive package. Collaboration with travel agencies and partner companies in the B2B sector also contributed to the success; here, the company reported a revenue jump of over 40 percent compared to the previous year.
These figures reinforce Hurtigruten's market leadership along the Norwegian coast between Bergen and Kirkenes. The business model is increasingly based on a local value chain, with a large portion of catering sourced from regional suppliers. The management sees the current results as confirmation of its independence following the spin-off of the expedition business. With a fleet of ten ships and a strengthened capital base, the company plans to focus more on combining traditional transport with modern cruise elements in the future to further increase profitability.