Brief: Viking Line Q1 Operating Loss Widens To EUR 21.5 Mln

Viking Line Abp

23/04/2020 07:10

April 23 (Reuters) - Viking Line Abp  VIK1V.HE :
    * VIKING LINE: BUSINESS REVIEW FOR THE PERIOD JANUARY -
MARCH 2020
    * Q1 SALES EUR 75.0 MILLION VERSUS EUR 95.8 MILLION YEAR AGO
    * Q1 OPERATING LOSS EUR 21.5 MILLION VERSUS LOSS EUR 14.2
MILLION
YEAR AGO
    * ONGOING COVID-19 PANDEMIC HAS CAUSED A SERIOUS
DETERIORATION IN
GROUP'S OPERATING CONDITIONS
    * PASSENGER VOLUMES WERE NEGATIVELY AFFECTED BY COVID-19 IN
FEBRUARY AND FELL SHARPLY IN MARCH 2020
    * PERFORMANCE FORECASTS FOR FINANCIAL YEAR 2020 HAVE BEEN
REVISED
    * IT IS UNLIKELY THAT WE WILL ACHIEVE POSITIVE RESULTS FOR
FINANCIAL YEAR 2020
    * PREVIOUSLY PUBLISHED EARNINGS FORECAST WAS THAT IT WAS TOO
SOON
TO QUANTIFY IMPACT ON RESULTS

Source text for Eikon:  ID:nWkr7g3wzK 
Further company coverage:  VIK1V.HE 

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