Viking Line reports change in business performance outlook for 2020 due to Coronavirus.
NORDIC BUSINESS REPORT-March 12, 2020-Viking Line reports change in business performance outlook for 2020 due to Coronavirus
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Travel agency Viking Line Abp (HEL:VIK1V) announced on Wednesday that operating conditions in its markets have deteriorated significantly as a result of Coronavirus (COVID-19).
According to the company, it is still too soon to quantify the impact on results since there is great uncertainty regarding developments. Therefore, its earlier business performance outlook no longer applies.
Viking Line's prior outlook for 2020, published in conjunction with its year-end report for 2019, was that passenger volume trend will be stable and that net sales per passenger will increase somewhat. Also, fixed-price agreements for a portion of the group's bunker (vessel fuel) costs for 2020 mitigate the risk of increased bunker costs. The trend for salary expenses was considered to be...
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