Brief: Viking Line Q4 Operating Results Turns To Loss Of EUR 0.1 Mln

Viking Line Abp

13/02/2020 07:07

Feb 13 (Reuters) - Viking Line Abp  VIK1V.HE :
    * VIKING LINE: YEAR-END REPORT FOR THE PERIOD JANUARY -
DECEMBER
2019
    * Q4 SALES AMOUNTED TO EUR 115.6 M (119.8).
    * Q4 OPERATING INCOME TOTALLED EUR -0.1 M (1.6).
    * WE EXPECT THAT PASSENGER VOLUME TREND WILL BE STABLE AND
THAT
NET SALES PER PASSENGER WILL INCREASE SOMEWHAT
    * FIXED-PRICE AGREEMENTS FOR A PORTION OF GROUP'S BUNKER
(VESSEL
FUEL) COSTS FOR 2020 MITIGATE RISK OF INCREASED BUNKER COSTS
    * TREND FOR SALARY EXPENSES IS CONSIDERED TO BE MODERATE
    * INCOME DURING Q3 WILL BE CRUCIAL TO GROUP'S EARNINGS FOR
FULL
FINANCIAL YEAR
    * THERE IS A RISK THAT ECONOMIC GROWTH IN ASIAN MARKET WILL
COME
TO A STANDSTILL DUE TO CORONAVIRUS.
    * BOARD OF DIRECTORS' ASSESSMENT IS THAT OPERATING INCOME
FOR 2020
WILL REMAIN ON A PAR WITH OPERATING INCOME FOR 2019
    * COMPETITION IS STILL TOUGH IN VIKING LINE'S MARKETS, WHERE
OPERATING CONDITIONS ARE AFFECTED BY SQUEEZED PRICES AND
VOLUMES.
    * BOARD OF DIRECTORS PROPOSES TO ANNUAL GENERAL MEETING
THAT: A
DIVIDEND OF EUR 0.45 PER SHARE BE PAID

Source text for Eikon:  ID:nWkr6Mtyj6 
Further company coverage:  VIK1V.HE 

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