Stifel Reiterates Buy Rating on Viking Holdings (VIK)
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Viking Reports First Quarter 2024 Financial Results
May 29, 2024 7:00 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Viking Holdings Ltd (the Company or Viking) (NYSE: VIK) today reported financial results for the first quarter ended March 31, 2024.
Key Highlights
Adjusted Gross Margin for the first quarter of 2024 increased 19.1% compared to the same period in 2023, resulting in a Net Yield of $508. Adjusted EBITDA increased by $46.1 million compared to the first quarter of 2023. Net Leverage declined from 3.8x as of December 31, 2023 to 3.4x as of March 31, 2024. As of May 19, 2024, for the 2024 and 2025 seasons, Viking had sold 91%... More