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Viking Line (VIK1V) investor relations material
Viking Line Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sales for Q2 2026 rose slightly to EUR 129.3M, with operating income stable at EUR 6.8M despite geopolitical uncertainty and higher energy costs.
Net income for Q2 2026 dropped to EUR 0.8M from EUR 4.8M year-over-year, mainly due to weaker results from associated companies.
For H1 2026, sales declined 0.8% to EUR 214.0M, and operating income was negative at EUR -12.0M.
The company maintained cost efficiency, reducing operating expenses and strengthening its market share in a declining passenger market.
Financial highlights
Q2 2026 sales: EUR 129.3M (+0.7% YoY); operating income: EUR 6.8M (flat YoY); net income: EUR 0.8M (down from EUR 4.8M).
H1 2026 sales: EUR 214.0M (-0.8% YoY); operating income: EUR -12.0M; net income: EUR -18.7M.
Passenger-related revenue for H1: EUR 186.2M (-1.0% YoY); cargo revenue: EUR 26.6M (-0.5% YoY).
Operating expenses for H1: EUR 163.4M (-1.5% YoY); emission allowance costs: EUR 3.4M.
Share of results from associates and joint ventures: EUR -3.8M (H1), EUR -4.5M (Q2).
Outlook and guidance
No full-year 2026 forecast provided due to uncertainty in cost levels, energy prices, and market developments.
Board expects income before taxes for 2026 to be lower than 2025, citing higher energy prices and weaker associated company performance.
- Sales fell 3.1% and net loss narrowed as cost controls offset weak demand and rising costs.VIK1V
Q1 2026 - Stable sales and record freight volumes offset by lower operating income amid higher costs.VIK1V
Q4 2025 - Q3 2025 net income rose 18% YoY, but nine-month profit fell due to higher costs and dockings.VIK1V
Q3 2025 - Q2 saw improved earnings, but H1 ended with a net loss amid lower passenger volumes.VIK1V
Q2 2025 - Earnings fell on lower passenger demand and higher costs, with 2024 profit seen below last year.VIK1V
Q3 2024 - H1 2024 saw lower sales, negative earnings, and a cautious outlook amid market headwinds.VIK1V
Q2 2024 - Earnings fell on softer demand, but cargo volumes and market share reached new highs.VIK1V
Q4 2024 - Sales and earnings declined in Q1 2025, but cargo volumes and investments increased.VIK1V
Q1 2025
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