VIKING delivers solid results in unpredictable market

In a market characterised by geopolitical uncertainty, VIKING continues to deliver organic growth, solid results and satisfactory growth rates in new markets.



Even though the top line was impacted by the normalisation of former growth markets, both revenue and earnings still saw stable and positive development. Revenue for the year of DKK 4.2 billion (DKK 4.0 billion in 2024) and a profit before tax of DKK 471 million (DKK 452 million in 2024) were therefore considered satisfactory.
   


“From a period of significant growth in selected segments, we’ve transitioned to a situation of more subdued market developments and rising geopolitical uncertainty,” says VIKING CEO Henrik Helsinghof (pictured). “Against this backdrop, we’re pleased to be delivering stable margins and continued top-line and bottom-line growth.” 



The Commercial Shipping segment, which is the largest segment, was satisfactory, as were activity levels in the Cruise & Ferry segment. 



The significant growth seen earlier in the Offshore Oil & Gas segment slowed in 2025. On the other hand, the Defence & Professional segment, which has been identified as a focus area in the new strategy period, grew strongly. 



In 2025, developments were also positive in two key maritime safety service areas. With Marine Fire Service and Life Boat Service, VIKING provides global services in the form of inspection, maintenance and certification of fire-extinguishing systems as well as lifeboats, cranes and similar equipment.



“We are taking greater responsibility for safety at sea. In recent years, we’ve gone from focusing on liferafts to becoming a total supplier of maritime safety,” says Helsinghof.



2025 marked the start of a new strategy period, BP28. An essential element of the new strategy is organisational restructuring, focused on making it simpler for customers to do business with VIKING.



During the year, other focus areas were efficient sourcing and robust production. As a result, efficiency has increased significantly, and more stable deliveries have been ensured in a more unstable world.



“A more subdued market has a bearing on how we run our business. We’ve achieved significant improvements in this area and made our delivery processes more robust, while at the same time strengthening our competitiveness,” says Helsinghof.



VIKING still expects modest growth rates in 2026, as reflected in its strategy, “In a market characterised by lower growth, responsible development is an imperative. We must continue to develop our robust and profitable business,” concludes Henrik Helsinghof.