VIK1VNasdaq HelsinkiMarine ShippingIFRS · EUR

Viking Line Abp

Viking Line is a Finnish shipping company that operates passenger and cargo services in the northern Baltic Sea and the Gulf of Finland. The company is known for its scheduled services and cruises between Finland, Sweden, Åland, and the Baltic countries, playing a crucial role in the region's transport infrastructure. Viking Line's fleet includes five wholly-owned vessels, and it also operates the Birka Gotland in partnership with Gotlandsbolaget. The company is committed to sustainability, aiming for fossil-free transport services by 2050, and is actively investing in energy-efficient vessels and cleaner fuel alternatives.

Ask about the company
Revenue481m EUR
+0.1 %y/y
Operating profit (EBIT)21.1m EUR
−21.0 %y/y
EBIT margin4.4%
−1.2 ppy/y
Net income16.0m EUR
+0.6 %y/y
Free cash flow38.2m EUR
+29.5 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

0100200300400500m EUR2021: 258 m EUR2021: EBIT 32 m EUR20212022: 495 m EUR2022: EBIT 38 m EUR20222023: 491 m EUR2023: EBIT 55 m EUR20232024: 480 m EUR2024: EBIT 27 m EUR20242025: 481 m EUR2025: EBIT 21 m EUR2025TTM 2026: 356 m EURTTM 2026: EBIT 20 m EURTTM35620
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Passenger Transport50 %

Scheduled passenger transport services across the Baltic Sea.

Cargo Transport30 %

Transport of goods and logistics services across the Baltic Sea.

Cruise Services15 %

Leisure and conference cruises in the Baltic Sea region.

Hospitality Services5 %

Hotel, restaurant, and entertainment services on board.

Customers

Viking Line serves a diverse customer base, including both passenger and cargo clients. Passenger customers range from leisure travelers and cruise enthusiasts to conference attendees seeking a unique venue. Cargo customers primarily consist of transport and logistics companies that require reliable sea transport for goods. The company also caters to local commuters with transport services connecting key Baltic Sea destinations. Viking Line's focus on sustainability and customer satisfaction is reflected in its continuous engagement with stakeholders to address their needs and preferences.

Leisure Travelers

Cruises and leisure trips for relaxation and entertainment.

Business and Conference Clients

Onboard conference facilities and services for business events.

Cargo Transport Companies

Reliable sea transport for goods across the Baltic Sea.

Local Commuters

Transport services connecting key Baltic destinations.

Strategy

Viking Line's strategic priorities focus on sustainability, customer satisfaction, and operational efficiency. The company aims to transition to fossil-free transport services by 2050, investing in energy-efficient vessels and cleaner fuels. Viking Line is committed to maintaining high standards of safety and service quality, ensuring a positive customer experience. The company also emphasizes stakeholder engagement to align its operations with customer needs and market trends.

Sustainability TransitionLong term

To achieve fossil-free transport by 2050

Customer SatisfactionMedium term

To enhance customer loyalty and market position

Operational EfficiencyShort term

To reduce costs and improve competitiveness

Geography

Viking Line's operations are primarily concentrated in the northern Baltic Sea region, with Finland, Sweden, Åland, and the Baltic countries as key markets. The company plays a significant role in the transport infrastructure of these regions, with major routes including Turku-Stockholm and Helsinki-Tallinn. Viking Line's headquarters is located in Mariehamn, Åland, Finland. The company employs a significant number of staff in Finland, Sweden, and Estonia, reflecting its strong regional presence.

Risks

Viking Line faces several risks, including geopolitical changes, regulatory shifts, and environmental challenges. The company's operations are sensitive to fluctuations in fuel prices and availability, particularly as it transitions to renewable energy sources. Seasonal demand variations and competition in the maritime transport sector also pose risks to revenue stability. Additionally, the company must navigate evolving environmental regulations and potential impacts from climate change.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Fuel Price Volatility1Regulatory Changes2Seasonal Demand Fluctuations3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Fuel Price VolatilityImpact: HighLikelihood: Medium

    Dependence on renewable energy sources

  2. Regulatory ChangesImpact: MediumLikelihood: Medium

    Evolving environmental and maritime laws

  3. Seasonal Demand FluctuationsImpact: MediumLikelihood: Low

    Impact on revenue stability

Accounting

Judgemental items
Revenue Recognition Timing

Affects comparability of financial results

Impact: high

Seasonal Fluctuations

Influences quarterly earnings reporting

Impact: medium

Fleet Maintenance Costs

Significant impact on operating expenses

Impact: medium

Similar listed companies

Publicly listed companies with a comparable business focus.

Volvo

VOLV-B · Industrials

Viking Holdings Ltd

VIK · Water Transportation

Volvo Car

VOLCAR-B · Consumer Discretionary

AS Tallink Grupp

TALLINK · Marine Shipping

Viaplay Group

VPLAY-B · Telecommunications

Wärtsilä Oyj Abp

WRT1V · Specialty Industrial Machinery

Last updated: 24/09/2026