The Annual Report of Viking Line Abp for the financial year 2019 has now been published on the Company’s website.
Viking Line Doubles Its Earnings in 2019
Key figures for the full year 2019
- -0.28% sales EUR 496.4 million
- + 87% operating income EUR 17.4 million
- +109% income before taxes EUR 13.6 million
- +96.3% income after taxes EUR 10.8 million
Key figures for Q4
- -3.5% sales EUR 115.6 million
- First three quarters was better than previous year.
- Improved net sales contribution per passenger and lower operating costs.
- Q4 was affected by solidarity strike by Finnish Seafarers Union.
- +4.2% cargo units (133,940) = an all-time record.
- -1.7% Passengers (6,300,480) The volume decrease can primarily be attributed to cruise traffic between Stockholm and Mariehamn, with results affected by longer special cruises during the summer and fewer departures due to dry-docking. During the year, the ambition was to monitor and optimize ticket prices, which also had an impact on the volume trend.
- +2.6% on ROSELLA, which sails between Mariehamn and Kapellskär with 752,336 passengers. Good result because of passengers with cars and Swedish cruise passengers
- +0.4% passengers Helsinki – Tallinn (1,955,318).
- +1.3% passenger cars (714,006) = second best ever.
Climeon has developed a new steam turbine solution tailored for Viking Line’s new ship VIKING GLORY. The two steam turbines have now passed a Factory Acceptance Test with Viking Line and the certification body DNV-GL present. The steam turbines will be delivered to the ship over the upcoming months.
In a pilot project onboard MARIELLA, Viking Line has managed to reduce the amount of food waste by an estimated 27 tonnes in four months.
The food saved corresponds to almost 70,000 servings.
Food waste has been weighed and the data have been recorded.
“Now we have managed to reduce food waste per passenger by an average of 40 percent,” says Viking Line’s restaurant manager Janne Lindholm. “Savings have been made in particular by streamlining the work in the kitchen. We had a greater attention to the prepared quantities prepared. For example, in the buffet restaurant, passengers are served ready-made portions.”
The remaining waste is used for biogas production. With the help of bio-waste
from three ferries, we made biogas, the equivalent of 111,300 liters of MDO.
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.
Norsepower Oy Ltd., the provider of auxiliary renewable wind energy propulsion systems, announced that independent test results showed that its Rotor Sail technology has great potential to deliver savings on the Viking Line’s VIKING GRACE.
Long term, LNG marine fuel savings is expected to be up to around 300 tonnes on annual basis
Pick A Name for Viking Line’s New Ferry
Viking Line has narrowed down the choice of names for the new ferry under construction in China. Thereare ten proposals to choose from.
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
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.
