Page 1

Half - Year Financial Report for the period January - June 2021 VIKING LINE ANOTHER SIX MONTHS WITH THE PANDEMIC January - June 2021 ( compared to January - June 2020 ) • • Sales amounted to EUR 71.5 M ( EUR 97.5 M ) . Other operating revenue was EUR 33.6 M ( EUR 16.1 M ) . Operating income totalled EUR 4.5 M ( EUR -27.4 M ) . • Net financial items were EUR -2.4 M ( EUR -2.1 M ) . • • Income before taxes amounted to EUR 2.2 M ( EUR -29.5 M ) . Income after taxes totalled EUR 2.7 M ( EUR -23.7 M ) . Changed earnings outlook . The outlook for the financial year 2021 is better than the outcome for 2020. Improved demand starting late in the second quarter of 2021 together with one - off items in the form of the sale of Mariella and the anticipated redemption of Viking Line's terminal buildings including fixtures and fittings with the City of Turku will boost income . There is still uncertainty about how authority requirements , State aid , the impact of vaccination programmes and related restrictions on passenger traffic as well as market demand will affect Viking Line's operations , results and financial position for the full - year 2021 , but on the whole the Board of Directors believes operating income will be positive . On the previous reporting date , the outlook was as follows : The outlook for the financial year 2021 is unchanged . Uncertainty about regulatory requirements , State aid , the impact of vaccination programmes and related restrictions for passenger traffic , and market demand will affect Viking Line's operations , results and financial position . It is too soon to quantify the impact on earnings since there is great uncertainty about the trend . As a result , no earnings forecast is provided for 2021 . Second quarter 2021 ( compared to second quarter 2020 ) • Sales amounted to EUR 46.9 M ( EUR 22.6 M ) . • Operating income totalled EUR 12.2 M ( EUR -5.9 M ) . The COVID - 19 pandemic continues to dominate the company's operations and results , but at the end of the quarter we nevertheless saw increased demand for our services between Åland , Finland and Sweden . Traffic between Finland and Estonia has been greatly affected by restrictions . The focus during the period was on the company's public service obligations and cost control . Since the end of the first quarter of 2020 , the company's possibilities for running regular operations have been severely limited by the still ongoing COVID - 19 pandemic .