Viking Line Slowly Restarts Passenger Services

By | 2020 Newsletter week 19 | No Comments

As a result of the Finnish government’s decision on May 4, 2020 to gradually ease some of the restrictions related to the coronavirus, starting May 14 Viking Line will open up passenger service again for essential traffic (travel for work…)

Four of Viking Line’s seven vessels will continue their service between Finland and Sweden, the Åland Islands and Estonia. People will be able to continue travelling as usual between the Finnish mainland and Åland. The new regulations enter into effect on May 14, 2020.

Viking Line’s service until May 31, 2020:

  • Turku – Åland – Stockholm with VIKING GRACE and AMORELLA according to the following timetable.
  • Mariehamn – Kapellskär with ROSELLA on Tuesday, Wednesday and Thursday according to the following timetable.
  • Helsinki – Tallinn with GABRIELLA according to the following timetable.

Service between Helsinki and Stockholm will be suspended until at least May 31, 2020.

VIKING XPRS, which normally operates between Helsinki and Tallinn, will be out of service until at least May 31, 2020.

Pandemic Drags Down Viking Line’s Q1 Results

By | 2020 Newsletter week 17 | No Comments

Some key elements of the Q1 report.

  • Passenger traffic is marginal at present, since only the transport of people between the Finnish mainland and Åland is allowed.
  • Quick measures to cut costs have been necessary. Basically the entire staff has been furloughed.
  • Backed by Finland’s National Emergency Supply Agency’s decision to aid cargo traffic to ensure the security of supply, four of the Group’s vessels are serving the Turku – Långnäs (Åland) – Stockholm, Mariehamn – Kapellskär and Helsinki – Tallinn routes. Viking Line’s three other vessels are not in service.
  • While current cargo traffic generates revenue for each vessel to cover variable costs and a small portion of fixed costs, it does not generate positive operating income for the vessels in service.
  • To strengthen liquidity and safeguard the future of the Company, Viking Line has begun negotiations for additional funding. The intention is to use State guarantees proposed in a supplementary budget submitted to the Finnish parliament.
  • Operating income totalled EUR – 21.5m (-14.2).
  • Passenger-related revenue was EUR 63.2m (83.0), while cargo revenue amounted to EUR 11.3m (12.3). Net sales revenue was EUR 54.9m (70.1).

Viking Line

By | 2020 Newsletter week 12 | No Comments

Viking Line has suspended traffic with MARIELLA and GABRIELLA between Helsinki and Stockholm from March 18 to April 13. (MARELLIA made her last trip from Stockholm to Helsinki on 17 March, GABRIELLA did her last trip from Stockholm to Helsinki on 18 March.

Viking Line follows the instructions of the Finnish authorities. Finnish borders are closed.

Traffic on the Turku – Åland – Stockholm route is maintained to supply the islands.

Viking Line also has a trip on Helsinki – Tallinn six days a week.

FERRY FINANCE

By | 2020 Newsletter week 8 | No Comments

Viking Line Doubles Its Earnings in 2019

Key figures for the full year 2019

  • -0.28% sales EUR 496.4 million
  • + 87% operating income EUR 17.4 million
  • +109% income before taxes EUR 13.6 million
  • +96.3% income after taxes EUR 10.8 million

Key figures for Q4

  • -3.5% sales EUR 115.6 million
  • First three quarters was better than previous year.
  • Improved net sales contribution per passenger and lower operating costs.
  • Q4 was affected by solidarity strike by Finnish Seafarers Union.

Viking Line 2019: Record Number of Cargo Units

By | 2020 Newsletter week 1 & 2 | No Comments
  • +4.2% cargo units (133,940) = an all-time record.
  • -1.7% Passengers (6,300,480) The volume decrease can primarily be attributed to cruise traffic between Stockholm and Mariehamn, with results affected by longer special cruises during the summer and fewer departures due to dry-docking. During the year, the ambition was to monitor and optimize ticket prices, which also had an impact on the volume trend.
  • +2.6% on ROSELLA, which sails between Mariehamn and Kapellskär with 752,336 passengers. Good result because of passengers with cars and Swedish cruise passengers
  • +0.4% passengers Helsinki – Tallinn (1,955,318).
  • +1.3% passenger cars (714,006) = second best ever.

40% Less Food Waste On Viking Line’s MARIELLA

By | 2019 Newsletter week 38 | No Comments

In a pilot project onboard MARIELLA, Viking Line has managed to reduce the amount of food waste by an estimated 27 tonnes in four months.
The food saved corresponds to almost 70,000 servings.
Food waste has been weighed and the data have been recorded.
“Now we have managed to reduce food waste per passenger by an average of 40 percent,” says Viking Line’s restaurant manager Janne Lindholm. “Savings have been made in particular by streamlining the work in the kitchen. We had a greater attention to the prepared quantities prepared. For example, in the buffet restaurant, passengers are served ready-made portions.”

The remaining waste is used for biogas production. With the help of bio-waste
from three ferries, we made biogas, the equivalent of 111,300 liters of MDO.

Viking Line H1: Improved Results In Squeezed Market

By | 2019 Newsletter week 34 | No Comments

H1, 2019 Main Figures:

  • Sales EUR 227.0 million (225.7)
  • Operating income EUR -8.8 million (-13.5)
  • Income before taxes EUR -11.0 million (-15.2)
  • Income after taxes EUR -8.7 million (-11.8)

Future prospects unchanged: Operating income for 2019 will remain on a par with operating income for 2018 or improve.

Comments from President and CEO Jan Hanses:

  • The first two quarters of the financial year were better than last year, despite slightly

lower passenger volume.

  • Q2 showed a significant improvement in earnings, which were positively affected by the Easter holiday falling entirely in April. Furthermore, no vessels were in dry-docking during the period.
  • The positive trend for sales and contribution margin per passenger continued.