Viking River Cruises UK

Viking Cruises offers both river cruises and ocean cruises through two product lines. A global corporation headquartered in the United States with main operational headquarters in Basel, Switzerland, the company was established in 1997 by a Scandinavian and Dutch consortium led by Torstein Hagen. Initially the company purchased four Russian ships and provided a Russian river-cruise product to Europeans. The following year the company purchased additional ships and continued to cater to the European market. In 2000, the company expanded into the American market, establishing U.S. headquarters as Viking River Cruises in Los Angeles, California. Through rapid expansion, the purchase of KD River Cruise lines, and unprecedented new builds, the river cruise division grew to be the world’s largest river cruise, and currently offers cruises along the rivers of Europe, Russia, Ukraine, China, Southeast Asia, and Egypt. In May of 2013, Viking Cruises announced the launch of a new small-ship ocean cruising division, which began with the maiden season of Viking Star in spring of 2015, and features Baltic and Mediterranean itineraries. Viking are the most award-winning river cruise line: last year, the public voted Viking as ‘Best River Cruise Line’ at the prestigious British Travel Awards for the fifth year in a row. Cruise Critic UK Editor’s Picks also named Viking as ‘Best River Cruise Line’. And we are thrilled to be honoured by titles such as Food and Travel. With the recent announcement of our new ocean division, we are now Viking Cruises, and as our maiden ocean voyages begun in Spring 2015, we look forward to setting yet more industry standards.

Revenue(FY, 2016)

£97 M

Type

Private

London, GB

Founded

1997

Size (employees)

44 (est)

Website

vikingrivercruises.co.uk

Viking River Cruises UK was founded in 1997 and is headquartered in London, GB

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Viking River Cruises UK Office Locations

Viking River Cruises UK has an office in London

London, GB (HQ)

83 Wimbledon Park Side

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Viking River Cruises UK Financials and Metrics

Summary Metrics

Founding Date	1997

Viking River Cruises UK Financials

Viking River Cruises UK's revenue was reported to be £97.01 m in FY, 2016 which is a 23.4% increase from the previous period.

Summary

GBP
Revenue (FY, 2016)	97 m
Revenue growth (FY, 2015 - FY, 2016), %	23.4%
Gross profit (FY, 2016)	10.6 m
Gross profit margin (FY, 2016), %	10.9%
Net income (FY, 2016)	1.5 m
EBITDA (FY, 2016)	2.1 m
EBIT (FY, 2016)	1.9 m
Cash (31-Dec-2016)	6.7 m

Income Statement

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	5.6 m	8 m	11.1 m	14.4 m	23.3 m	48.7 m	68.8 m	93.6 m	78.6 m	97 m
Revenue growth, %								36%	(16%)	23%
Cost of goods sold	4.6 m	6.2 m	9.4 m	12.6 m	19.9 m	42.6 m	61 m	82.7 m	68.9 m	86.4 m
Gross profit	963.7 k	1.7 m	1.7 m	1.7 m	3.4 m	6.1 m	7.7 m	10.8 m	9.7 m	10.6 m

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Balance Sheet

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	422.7 k	117.9 k	1.8 m	3.7 m	6.9 m	20 m	18.4 m	23.9 m	12.5 m	6.7 m
Accounts Receivable	57 k	598.2 k	45.8 k	148.8 k	140.6 k	241.5 k	151.6 k	13.2 k	29.8 k	20.7 k
Current Assets	2.1 m	2.4 m	2.2 m	7.2 m	14.3 m	25.4 m	28.4 m	29.3 m	33.9 m	45.6 m
PP&E	234 k	232.5 k	205.9 k	190.1 k	179.6 k	283.2 k	227.6 k	217.3 k	285.2 k	304.7 k

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Cash Flow

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	82 k	51.5 k	62.4 k	122.1 k	203.8 k	733.4 k	1 m	2.1 m	1.2 m	1.5 m
Cash From Operating Activities	(145.9 k)	(492.9 k)	1.6 m	1.7 m	2 m	7.8 m	6.4 m	3.5 m	(4.2 m)	(6.6 m)
Cash From Financing Activities	420 k	179.2 k	5.1 m	(4.7 m)	1.2 m	5.5 m	(7.7 m)	2.2 m	(6.9 m)	878.9 k
Net Change in Cash	77.6 k	(304.7 k)	1.7 m	1.9 m	3.2 m	13.1 m	(1.6 m)	5.5 m	(11.1 m)	(5.8 m)