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Aug 22
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Viking Line H1: Improved Results In Squeezed Market

By | 2019 Newsletter week 34 | No Comments

H1, 2019 Main Figures:

  • Sales EUR 227.0 million (225.7)
  • Operating income EUR -8.8 million (-13.5)
  • Income before taxes EUR -11.0 million (-15.2)
  • Income after taxes EUR -8.7 million (-11.8)

Future prospects unchanged: Operating income for 2019 will remain on a par with operating income for 2018 or improve.

Comments from President and CEO Jan Hanses:

  • The first two quarters of the financial year were better than last year, despite slightly

lower passenger volume.

  • Q2 showed a significant improvement in earnings, which were positively affected by the Easter holiday falling entirely in April. Furthermore, no vessels were in dry-docking during the period.
  • The positive trend for sales and contribution margin per passenger continued.
Source: Viking Line
May 02
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First Quarter For Viking Line Unchanged

By | 2019 Newsletter week 18 | No Comments

Key figures Q1

  • -4.5% Sales EUR 95.8 million (100.3)
  • +5.8% Operating income EUR -14.2 million (-13.5)
  • -4.3% Income before taxes EUR -15.4 million (-16.1).
  • -4.7% Income after taxes EUR -12.3 million (-12.9).

Future prospects unchanged: Operating income for 2019 will remain on a par with 2018 or improve.

Traffic figures Q1

Remark: this year, the busy Easter period is not in Q1 but in April, Q2.

  • -7,8% passengers
  • -4.0% cars
  • +8.8% cargo
Read Viking Line summary
Apr 04
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Viking Line Seeks A Project Leader And A Name For New Ship

By | 2019 Newsletter week 14 | No Comments

The new “queen of the Baltic Sea” is scheduled to begin cruising along the Turku–Mariehamn–Stockholm route in two years. Viking Line has initiated a recruiting campaign to find a creative project leader with language skills to assume responsibility for the launch of this new, innovative, climate-smart cruise ferry. At the same time, the company is conducting an open competition to name their new maritime queen.

Mar 28
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INTERVIEW

By | 2019 Newsletter week 13 | No Comments

Interview With Jan Hanses, President And CEO Of Viking Line

Viking Line, the Finnish cruise ferry company that operates services from Finland to Sweden and Estonia celebrates its 60th anniversary this May, and is looking forward to taking delivery of its next newbuilt ship in two years’ time. The company’s busy CEO Jan Hanses took a moment to sit down for a question and answer session in the company’s Helsinki office with Ferry Shipping News’ Finland-based freelance correspondent Kalle Id.

Go to the interview
Jan 10
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Viking Line Adds Sailings Between Helsinki And Tallinn

By | 2019 Newsletter week 2 | No Comments

The popularity of route travel between Helsinki and Tallinn is on the rise. Viking Line is altering the timetables of VIKING XPRS to better correspond to the growing demand.

Additional departures will be added to the Friday and Sunday timetables as from 5 April.

Viking XPRS will make three trips per day on the Helsinki – Tallinn route on Fridays and Sundays, the most popular days.

The demand for additional departures is particularly high from Finland to Estonia, where (tourism) passengers are increasingly looking to travel to Tallinn and Estonia.

Read more
Jan 10
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FINANCE

By | 2019 Newsletter week 2 | No Comments

The number of passengers traveling with Viking Line in 2018 was 6,411,537, a bit lower than previous year (6,881,149). In 2017 Viking Line chartered high-speed ferry VIKING FSTR, creating more capacity. In 2018 Viking Line had 38% fewer departures on the route.

The number of freight units was 128,549 (127,668) and the number of passenger cars 704,799 (762,253).

Dec 06
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Less Food Waste On Baltic Ferry Buffets

By | 2018 Newsletter week 49 | No Comments

Several Baltic ferry companies are focusing on minimizing food waste at the buffet restaurants, a typical place where people tend to take too much.

Tallink Silja is looking at the entire food chain from the galley to the passengers. Smaller plates help a lot. However, different passenger profiles create different consumption patterns (example: 200 ice-hockey players versus 200 retired people).

Viking Line has set up signs at its buffet, where they invite people not to take more food than they can eat.

Putting smaller portions in the buffet also helped a lot. It helps the passengers to take the right sizes of portions.

Finnlines has been focusing on getting better at assessing the amount of needed food.

On the Helsinki-Travemünde route the company provides food coupons that allow the combination of a light breakfast and then a hearty lunch.

Source: Svenska Yle
Nov 15
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FINANCE

By | 2018 Newsletter Week 46 | No Comments

Viking Line Group Reports First Nine Months

Period January 1–September 30, 2018

-3.6% Consolidated sales EUR 378.1 million

+22.2% Operating income EUR 7.7 million

+21.8 Consolidated income before taxes EUR 5.6 million

+26.3 Income after taxes EUR 4.8 million

-4.1% Passenger-related revenue EUR 343.0 million

+2.5% Cargo revenue EUR 33.4 million.

  • Due to lower operating expenses, consolidated income for 2018 improved despite lower sales.
  • The weak Swedish krona had a negative impact on consolidated income.

-7.5% passengers 4,967,745 (in 2017 Viking Line operated fast ferry Viking FSTR, not in 2018)

+0.5% cargo 95,081

Q3

-2.7% Consolidated sales EUR 152.3 million

+0.0% Operating income amounted to EUR 21.3 million

Full report