Sweden's Viking Supply Ships Q2 revenue rises on higher rates due to reduced vessel supply

Viking Supply Ships AB

14/08/2026 07:46

Overview
Sweden offshore anchor handler's Q2 net revenue rose 48% yr/yr
Q2 EBITDA and net income increased significantly compared to prior yr
Company announced CEO transition effective August 1, 2026

Outlook
Company did not provide specific guidance for future quarters or the full year
In the second half of the year, the AHTS spot market in the North Sea is expected to be challenging as several vessels return from other 
regions and projects
The current pipeline of projects is lower than at the beginning of the year, which leaves decreased demand visibility

Result Drivers
HIGHER SPOT RATES - Co said North Sea AHTS spot market rates rose 130% yr/yr due to tighter vessel supply as ships migrated to other regions
VESSEL SUPPLY TIGHTENING - Co attributed stronger market to reduced vessel supply in the North Sea spot market
MODERATE UTILIZATION - Co said vessel utilization remained moderate during the quarter
Average fixture rates for the North Sea AHTS spot market reached USD 175,000 in Q2 2026, representing an increase of 130% compared to Q2 2025

Company press release: ID:nMFN11zwCy

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
SEK 461 mln
 
Q2 Net Income
 
SEK 182 mln
 
Q2 EBITDA
 
SEK 278 mln
 

Reuters Recommended Reads
Aug 13 - Denmark shipping firm Norden Q2 profit more than doubles on higher spot rates, raises outlook
Aug 13 - Denmark's DFDS Q2 revenue rises; strategy review launched
Aug 11 - ADNOC L&S lifts annual outlook as Q2 profit quadruples 

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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.)