Viking Reports 2nd Quarter Financial Results

[CCWineLover]

https://cruiseindustrynews.com/cruise-news/2024/08/viking-reports-second-quarter-2024-financial-results/

 

Key Highlights

• Total revenue for the second quarter of 2024 increased 9.1%, or $132.5 million compared to the same period in 2023.
• Adjusted Gross Margin increased 9.5% compared to the same period in 2023, resulting in a Net Yield of $562.
• Adjusted EBITDA increased 11.6% compared to the same period in 2023.
• Net Leverage improved from 3.4x as of March 31, 2024 to 3.0x as of June 30, 2024.
• As of August 11, 2024, for the 2024 and 2025 seasons, Viking had sold 95% and 55%, respectively, of its Capacity Passenger Cruise Days for its Core Products.

 

Viking’s stock moves lower as cruise operator’s earnings fall short of target

https://www.marketwatch.com/story/vikings-stock-rises-as-cruise-operators-earnings-fall-short-63b14dc2?mod=mw_latestnews

[PasadenaDave]

95% of booking capacity for 2024 is impressive 

[CCWineLover]

18 hours ago, PasadenaDave said:

95% of booking capacity for 2024 is impressive 

Yes, and looking good in 2025 as well.

https://cruiseindustrynews.com/cruise-news/2024/08/viking-55-percent-booked-for-2025/

 

[Mike07]

Meanwhile, CCL stock has basically done nothing. Not arguing for or against VIK, but I have picked, but generally no longer ever do single stock picks.

[TayanaLorna]

Core products 95% and 55% respectively.  Ocean and river or river and ocean - i couldn't fund which was what.

[lackcreativity]

26 minutes ago, TayanaLorna said:

Core products 95% and 55% respectively.  Ocean and river or river and ocean - i couldn't fund which was what.

I think those figures represent capacity by year: 95% for 2024 and 55% for 2025. My assumption would be that was for ocean and river combined.