Prestige Cruises files for IPO

For the twelve months ended on September 30, Prestige Cruises International had net revenue of $787.2M, adjusted EBITDA of $253.4M, and adjusted EBITDA margin of 21.6%. The company also included its own measure - Net Revenue Adjusted EBITDA margin - which was 32.2%. "In comparing our Adjusted EBITDA Margin to other cruise lines, it is important to note that our more inclusive product offering results in higher Commissions, transportation and other expense."

Competitors: CCL, RCL, NCLH

SEC Form S-1

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