Finland's Viking Line Q3 profit falls, hurt by higher energy costs

Viking Line Abp

22/10/2026 07:13

Overview
Finland ferry operator's Q3 sales rose 1.6% yr/yr, but operating income declined
Company's Q3 net profit fell from prior year as energy costs increased
Viking Line cut its 2026 profit outlook due to persistently high energy prices

Outlook
Viking Line expects 2026 income before taxes to be significantly lower than in 2025
Company cites high energy prices and cost base as key factors weighing on 2026 outlook
Company says uncertainty remains regarding energy prices and consumer demand entering Q4

Result Drivers
ENERGY COSTS - Persistently high energy prices weighed on earnings and increased operating expenses
ASSOCIATED COMPANIES - Weaker earnings from associated companies and joint ventures further affected results
CARGO REVENUE - Cargo revenue increased, driven by higher average revenue per cargo unit despite lower volumes

Company press release: ID:nWkr9f4kDh

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
 
EUR 154.90 mln
 
Q3 Net Income
 
EUR 25.10 mln
 
Q3 EBIT
 
EUR 25.50 mln
 
Q3 Pretax Profit
 
EUR 27 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)