VIKING delivers solid results amid market uncertainty

VIKING CEO Henrik Helsinghof
VIKING CEO Henrik Helsinghof

VIKING Life-Saving Equipment posted revenue of DKK 4.2 billion for 2025. The figure increased from DKK 4.0 billion in 2024. Profit before tax reached DKK 471 million compared to DKK 452 million in the previous year.

The company delivered organic growth and solid results despite geopolitical uncertainty and lower growth rates. Markets experienced normalisation after years of significant growth in key segments.

CEO Henrik Helsinghof said the company transitioned from significant growth in selected segments to more subdued market developments. The company delivered stable margins and continued top-line and bottom-line growth.

The Commercial Shipping segment, the largest segment, posted satisfactory results. Activity levels in the Cruise & Ferry segment were also satisfactory. The Offshore Oil & Gas segment experienced slower growth in 2025 after significant earlier expansion.

The Defence & Professional segment grew strongly. The segment remained the smallest in 2025 but represents a focus area in the new strategy period. Helsinghof said the market suits the company well and expects continued positive developments.

VIKING achieved positive developments in two key maritime safety service areas. Marine Fire Service and Life Boat Service provide global inspection, maintenance and certification of fire-extinguishing systems, lifeboats, cranes and similar equipment.

Helsinghof said the company is taking greater responsibility for safety at sea. VIKING has evolved from focusing on liferafts to becoming a total supplier of maritime safety.

The company launched a new strategy period, BP28, in 2025. The strategy includes organisational restructuring focused on making business simpler for customers. The company moved more responsibility and decision-making power closer to customers.

The new segment-based structure provides customers with a single point of access for all enquiries. Customers gain access to specialized expertise in their field. The structure enables simpler collaboration, faster decisions and a more streamlined experience.

VIKING focused on efficient sourcing and robust production during the year. Efficiency increased significantly. The company ensured more stable deliveries despite global instability. Helsinghof said the company achieved significant improvements and strengthened competitiveness.

VIKING expects modest growth rates in 2026. The company will continue developing its robust and profitable business with responsible development as an imperative.