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Viking Line (VIK1V) investor relations material
Viking Line Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 demand remained stable through peak season; sales rose to EUR 154.9 M, but operating income fell to EUR 25.5 M as higher energy costs and weaker associate results weighed on earnings.
For 9M, sales were nearly unchanged at EUR 368.9 M, while income before taxes declined to EUR 8.4 M from EUR 14.4 M.
Financial highlights
Q3 income after taxes was EUR 25.1 M (EUR 29.3 M); EPS was EUR 1.45 (EUR 1.69).
9M income after taxes was EUR 6.4 M (EUR 12.0 M); EPS was EUR 0.37 (EUR 0.69).
Q3 operating expenses increased 7.1% to EUR 91.0 M; fuel and emission allowance costs rose to EUR 21.8 M from EUR 14.8 M.
9M operating expenses increased 1.5% to EUR 254.4 M; fuel and emission allowance costs were EUR 51.9 M (EUR 45.0 M).
Outlook and guidance
The 2026 income-before-tax outlook was lowered below previous expectations and is now expected to be significantly lower than 2025, reflecting persistently high energy prices and their cost impact.
The final quarter begins with a stable market position, but energy-price and consumer-demand uncertainty persists; priorities include cost control, efficiency and customer-offering development.
- Stable sales and cost control offset energy headwinds, but net income and outlook remain pressured.VIK1V
Q2 2026 - 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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