Strong VIKING On Track Towards New Goals

Annual report: Growth in all customer segments puts VIKING Life-Saving Equipment A/S in a strong position as a new strategy period commences. Revenue has reached DKK 4 billion for the first time, and with a pre-tax profit of DKK 452 million, VIKING has consolidated its position as a global market leader in the liferaft and safety equipment sector.As a new strategy period commences, VIKING Life-Saving Equipment A/S has achieved strong financial results in 2024. With total revenue of DKK 4 billion (DKK 3.5 billion in 2023) and pre-tax profit of DKK 452 million (DKK 436 million in 2023), the company has managed to continue its growth journey in 2024.

“With good growth across all segments in the company, we can certainly be satisfied with VIKING’s results for 2024,” says Henrik Helsinghof, CEO of VIKING.

2024 has thus seen growth in all customer segments. This also lies at the core of VIKING’s new BP28 business strategy for 2025-2028.

The segments are commercial shipping, offshore, cruise and ferries and defence & professional.

“We have increased our sales of products and services across the board and have good reason to be pleased with VIKING’s growth. The financial results give us a good foundation for further development and achieving the goals we have set for VIKING in the years ahead,” says Henrik Helsinghof.

2028 on the horizon
The extremely strong figures in recent years mean that VIKING already reached its strategic goals for 2025 last year. The company has now entered a new strategy period and the growth is expected to continue, but at a more normal pace.

“In the offshore segment, in particular, we have seen exceptional growth during the past three years, which we cannot expect to be maintained at this level in the coming years.