Viking Line (VIK1V) Q3 2026 earnings summary

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.