VIKING HOLDINGS LTD Stock Price, News & Analysis

Viking Holdings (NYSE: VIK) has announced the pricing of its secondary offering of 30,531,917 ordinary shares at $44.20 per share. The offering is expected to close on May 29, 2025, subject to customary closing conditions. The company will not receive any proceeds from this offering as it is not offering any ordinary shares. J.P. Morgan and BofA Securities are serving as the underwriters for the offering.

Viking Holdings (NYSE: VIK) has announced a secondary offering of 30,531,917 ordinary shares by certain selling shareholders. The offering will be managed by underwriters J.P. Morgan and BofA Securities. Notably, Viking will not receive any proceeds from this offering as all proceeds will go to the selling shareholders.

The offering will be conducted through a registration statement on Form F-3 filed with the SEC. Prospective investors can access the prospectus and related documents through the SEC's EDGAR website or by contacting the underwriters directly.

Viking Holdings (NYSE: VIK) has announced it will host a conference call on Tuesday, May 20, 2025, at 8:00 a.m. Eastern Time to discuss its first quarter 2025 financial results. The company will release its Q1 2025 financial results before the market opens on the same day. The conference call will be available through a simultaneous webcast on Viking's investor relations website at https://ir.viking.com. Investors can access a replay of the webcast for 30 days after the call.

Viking (NYSE: VIK) has announced the float out of its newest Nile River ship, the Viking Amun, marking a significant construction milestone. The 82-guest vessel is scheduled to debut in September 2025 and will be Viking's seventh ship on the Nile River.

The float out ceremony took place at Massara shipyard in Cairo, signaling the ship's move to final construction and interior build-out. The Viking Amun features 41 staterooms with Scandinavian design elements, including a distinctive square bow and an indoor/outdoor Aquavit Terrace.

Viking plans to expand its Egypt fleet to 12 vessels by 2027, with five new ships planned in the next two years. The Viking Amun will operate the company's 12-day Pharaohs & Pyramids itinerary, which includes a three-night hotel stay in Cairo, visits to the Great Pyramids of Giza, and an eight-day Nile River cruise featuring stops at various ancient Egyptian sites.

Viking (NYSE: VIK) and Fincantieri have announced groundbreaking developments in sustainable cruising with the Viking Libra, the world's first hydrogen-powered cruise ship, set to debut in late 2026. The vessel will feature a hybrid propulsion system utilizing liquefied hydrogen and fuel cells, enabling zero-emission operations.

The Viking Libra, classified as a small ship with 54,300 tons gross tonnage, will accommodate 998 guests in 499 staterooms. The ship's advanced propulsion system, developed by Fincantieri's subsidiary Isotta Fraschini Motori, will generate up to six megawatts of power.

Additionally, Viking has ordered a second hydrogen-powered ship, the Viking Astrea, for 2027 delivery, plus two more ocean vessels for 2031 and options for two more in 2033. The company's expansion plans include 26 additional river ships by 2028 and 11 ocean ships by 2031, bringing their total fleet to 110 river ships and 23 ocean and expedition vessels.

Viking (NYSE: VIK) has announced the delivery of its newest Viking Longship®, the Viking Nerthus, at Meyer's Neptun Werft shipyard in Germany. The 168-guest vessel will operate on the Seine River, offering two 8-day itineraries: 'Paris & the Heart of Normandy' and the new 'Christmastime in Paris & Normandy'.

The ship features Viking's signature Scandinavian design with 84 staterooms, an Aquavit Terrace, and advanced environmental features including hybrid propulsion, battery systems, exhaust gas aftertreatment, shore power capability, and solar panels. The vessel docks at Port du Grenelle in Paris, near the Eiffel Tower.

This delivery is part of Viking's expansion plan, with commitments for 25 additional river ships by 2028 and nine ocean ships by 2030, bringing their fleet to 109 river ships and 21 ocean and expedition vessels.

Viking Holdings (NYSE: VIK) reported strong financial results for Q4 and full-year 2024. Total revenue reached $5,333.9 million in 2024, up 13.2% year-over-year, with Q4 revenue at $1,349.7 million (+20.5%). The company achieved significant growth metrics:

- Net Yield increased 7.4% to $543
- Adjusted EBITDA grew 23.7% to $1,348.3 million
- Gross margin rose 22.5%
- Diluted EPS was $0.36, with Adjusted EPS at $1.86

For Q4 2024, occupancy reached 92.1%, with capacity increasing 10.9%. Looking ahead to 2025, Viking plans 12% capacity growth with 11 new ships. The company reports 88% of Core Products already booked for 2025, with advance bookings at $5,306 million (+26% YoY). January 2025 achieved the highest monthly booking revenue in Viking's history.