Viking Line Abp

Viking Line Abp has reported a managerial transaction as per Article 19 of the EU Market Abuse Regulation. Fredrik Vojbacke, a member of the Board and Deputy member, conducted an acquisition of shares on August 22, 2024. The transaction occurred at NASDAQ Helsinki Ltd and involved 20 shares at a unit price of 20.2 EUR, with an aggregated volume-weighted average price of 20.2 EUR. The notification was made by Jan Hanses, President and CEO of Viking Line Abp.

Viking Line Abp has received a notification under Article 19 of the EU Market Abuse Regulation concerning a managerial transaction. The notification pertains to Jakob Johansson, a member and deputy member of the Board. The transaction, which is an acquisition of shares, took place on August 22, 2024, at NASDAQ Helsinki Ltd. Johansson acquired 1,500 shares at a unit price of 20.5 EUR. The aggregated transaction volume is 1,500 shares with a volume-weighted average price of 20.5 EUR. The notification was signed by Jan Hanses, President and CEO of Viking Line Abp.

Viking Line Abp has reported a transaction by Fredrik Vojbacke, a member of the board and deputy member, in compliance with Article 19 of the EU Market Abuse Regulation. The transaction, which took place on August 21, 2024, involved the acquisition of 374 shares at a unit price of 20.2 EUR on NASDAQ Helsinki Ltd. The aggregated volume-weighted average price was also 20.2 EUR. The notification was issued under reference number 75147/4/8. For further information, Jan Hanses, President and CEO of Viking Line Abp, can be contacted via email at jan.hanses@vikingline.com or by phone at +358-(0)18-270 00.

Viking Line Abp has reported a managerial transaction in compliance with Article 19 of the EU Market Abuse Regulation. Gert Sviberg, a member of the Board and Deputy Member, has acquired 6,000 shares of Viking Line Abp at a unit price of 20.2 EUR on August 19, 2024. The transaction was conducted outside a trading venue. The LEI for Viking Line Abp is 743700CUWGW42AGIDN49, and the ISIN for the shares is FI0009005250. The notification was made by Jan Hanses, President and CEO of Viking Line Abp.

Viking Line Abp's half-year financial report for the first six months of 2024 indicates weaker demand compared to the same period in 2023. The Board of Directors has revised its earnings forecast, expecting 2024 income before taxes to be weaker than 2023, excluding a significant capital gain from the previous year. The company faced higher-than-expected start-up costs for Birka Gotland and operational disruptions due to dry-docking and unplanned maintenance of other vessels, negatively impacting sales and earnings. The Finnish recession and geopolitical uncertainties, particularly regarding energy prices, have also contributed to the financial challenges. Key financial metrics show a 3.2% decrease in consolidated sales to EUR 219.1 million and a significant drop in operating income to EUR -4.3 million. Passenger-related revenue decreased by 4.3%, while cargo revenue saw a slight increase. Operating expenses rose by 6.3%, driven by increased salary and other employment benefit expenses. The company’s investments during this period were primarily related to vessel refurbishments and the launch of Birka Gotland. Viking Line continues to face challenges from new environmental standards, including the EU Emissions Trading System, which adds costs for emission allowances. Despite these difficulties, the company has made efforts to reduce emissions and improve energy efficiency. The financial outlook for the remainder of 2024 remains uncertain, with significant risks tied to economic and geopolitical factors.

Viking Line Abp har justerat sina resultatutsikter för 2024 och förväntar sig nu ett sämre resultat jämfört med 2023, exklusive en försäljningsvinst på 8,6 miljoner euro från Rosella. Flera faktorer har påverkat resultatet negativt, inklusive högre igångsättningskostnader för Birka Gotland, tidigarelagd dockning av Viking Glory och inställda avgångar för Viking Grace och Gabriella. Den pågående recessionen i Finland och geopolitiska osäkerheter har också bidragit till en minskad konsumtion och osäkra energipriser. För första halvåret 2024 minskade omsättningen med 3,2 % till 219,1 miljoner euro, och rörelseresultatet var -4,3 miljoner euro jämfört med 17,1 miljoner euro samma period 2023. Resultatet före skatter var -12,4 miljoner euro, ned från 9,4 miljoner euro föregående år. Passagerarintäkterna minskade med 4,3 % medan fraktintäkterna ökade något. Driftskostnaderna ökade med 6,3 %, inklusive högre lönekostnader. Antalet passagerare minskade och marknadsandelen sjönk till 33,0 %. Fraktvolymerna ökade något, vilket kopplades till en ökad transportefterfrågan. Soliditeten var 49,2 % och likvida medel uppgick till 58,0 miljoner euro. Investeringar under perioden var 15,4 miljoner euro, främst för dockningar och uppgraderingar av fartyg. Styrelsen noterar att energipriserna och konsumtionsmönster är osäkra faktorer som kan påverka framtida resultat. Inga kända händelser efter balansdagen bedöms påverka halvårsrapporten.

Viking Line Abp har meddelat en ändring i sin finansiella kalender. Bokslutskommunikén för 2024 kommer nu att publiceras den 27 mars 2025 omkring kl. 9.00, istället för den tidigare planerade 14 februari 2025.