Q1 2025 Viking Holdings Ltd Earnings Call Transcript
Key Points
- Viking Holdings Ltd (VIK) reported a 7.1% increase in net yields with a 14.9% capacity increase over the previous year.
- The company achieved almost $900 million in revenue for the first quarter, nearly three times higher than in 2019.
- 92% of the 2025 capacity is already sold, indicating strong demand and effective booking strategies.
- Viking Holdings Ltd (VIK) has a strong balance sheet with a net debt to EBITDA ratio of 2 times and minimal near-term maturities.
- The introduction of the Viking Libra, the world's first hydrogen-powered cruise ship, highlights the company's commitment to sustainability and innovation.
- Despite positive revenue growth, Viking Holdings Ltd (VIK) reported a net loss of $105 million for the first quarter.
- Adjusted EPS was a loss of $0.24, although this was an improvement from the previous year.
- River segment net yield decreased by 2.7% year-over-year, indicating potential challenges in this segment.
- The company faces macroeconomic uncertainties, although it is somewhat insulated due to its European operations.
- Viking Holdings Ltd (VIK) has significant committed capital expenditures for 2025 and 2026, which could impact cash flow.
Good morning. My name is Paul, and I will be your conference operator today. At this time, I would like to welcome everyone to Viking's first-quarter 2025 earnings conference call. As a reminder, this call is being recorded. (Operator Instructions)
I would now like to turn the program to your host for today's conference, Vice President of Investor Relations, Carola Mengolini.
Good morning, everyone, and welcome to Viking's first quarter 2025 earnings conference call. I am joined by Tor Hagen, Chairman and Chief Executive Officer; and Leah Talactac, President and Chief Financial Officer. Also available during the Q&A session is Linh Banh, Executive Vice President of Finance.
Before we get started, please note our cautionary statement regarding forward-looking information. During the call, management may discuss information that is forward-looking and involves known and unknown risks, uncertainties and other factors, which may cause the actual results to be different
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
