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Viking Supply Ships

ISIN: SE0010820613 | Ticker: VSSAB | LEI: 549300EE66H3WO5AYK71
Sector: IndustrialsSub-Industry: Marine Transportation
Country: Sweden

About Viking Supply Ships

Company Description

Viking Supply Ships (VSS) core business is within the Offshore and Offshore/Icebreaking segment on a World Wide basis. The fleet comprises of 4 high Ice classed AHTS and two modern PSV vessels. VSS holds a unique expertise within the general offshore industry dating back to the start of the company in 1974, customization and innovation, combined with a leading position in safety and the environment are key success factors. In addition to a modern AHTS fleet customized for icy operations the company has vast experience in executing operations in ice conditions and under harsh weather with ship’s officers onboard AHTS vessels an average of more than 20 years’ experience of icebreaking and offshore work. Assignments are completed in Arctic waters for customers such as Shell US, Equinor, Exxon and Cairn Energy. VSS head office is in Stenungsund, while Viking Supply Ships A/S is headquartered from Kristiansand, with a local office in Stenungsund.

Year founded


Served area



Idrottsvägen 1, 44431 Stenungsund – Sweden

Financial statements

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Line item in (sek) 02.01.2020 01.01.2021 02.01.2021 01.01.2022
Assets N/A 1,689,788,000.00 N/A 1,848,504,000.00
Noncurrent Assets N/A 1,503,412,000.00 N/A 1,650,051,000.00
Ships N/A 1,457,557,000.00 N/A 1,557,947,000.00
Office Equipment N/A 1,263,000.00 N/A 2,509,000.00
Intangible Assets Other Than Goodwill N/A 1,054,000.00 N/A 1,074,000.00
Investments In Subsidiaries Joint Ventures And Associates N/A 31,649,000.00 N/A 71,560,000.00
Other Noncurrent Assets N/A 8,488,000.00 N/A 8,184,000.00
Current Assets N/A 186,376,000.00 N/A 198,453,000.00
Inventories N/A 5,287,000.00 N/A 11,918,000.00
Cash and cash equivalents 241,715,000.00 123,844,000.00 123,844,000.00 114,673,000.00
Equity And Liabilities N/A 1,689,788,000.00 N/A 1,848,504,000.00
Equity 2,033,874,000.00 1,607,745,000.00 1,607,745,000.00 1,750,191,000.00
Issued Capital N/A 409,593,000.00 N/A 409,593,000.00
Retained Earnings N/A 422,444,000.00 N/A 301,383,000.00
Share Premium N/A 1,031,344,000.00 N/A 1,134,317,000.00
Other Reserves N/A -255,636,000.00 N/A -95,102,000.00
Noncurrent Liabilities N/A 6,540,000.00 N/A 9,222,000.00
Other Noncurrent Liabilities N/A 5,315,000.00 N/A 5,068,000.00
Current Liabilities N/A 75,503,000.00 N/A 89,091,000.00
Current Contract Liabilities N/A 41,544,000.00 N/A 45,576,000.00
Current Accrued Expenses And Other Current Liabilities N/A 17,163,000.00 N/A 12,246,000.00
Other Current Liabilities N/A 8,067,000.00 N/A 9,535,000.00
Line item in (sek) 01.01.2020/
Revenue 285,933,000.00 311,490,000.00
Other Income 1,526,000.00 399,000.00
Transportation Expense 32,001,000.00 17,100,000.00
Employee Benefits Expense 283,512,000.00 267,352,000.00
Depreciation And Amortisation Expense 78,597,000.00 68,528,000.00
Other Expense By Nature 73,151,000.00 71,408,000.00
Profit Loss From Operating Activities -179,802,000.00 -112,500,000.00
Finance Income 1,482,000.00 1,630,000.00
Finance Costs 11,388,000.00 2,080,000.00
Other Income Expense From Subsidiaries Jointly Controlled Entities And Associates 0.00 -4,945,000.00
Profit Loss Before Tax -189,708,000.00 -117,895,000.00
Income Tax Expense Continuing Operations 1,366,000.00 1,000.00
Profit (loss) -191,074,000.00 -117,896,000.00
Profit Loss Attributable To Owners Of Parent -191,074,000.00 -117,896,000.00
Line item in (sek) 01.01.2021 02.01.2020 01.01.2022 02.01.2021
Profit (loss) -191,074,000.00 N/A -117,896,000.00 N/A
Adjustments For Decrease Increase In Inventories 3,696,000.00 N/A -6,631,000.00 N/A
Adjustments For Depreciation And Amortisation Expense 78,597,000.00 N/A 68,528,000.00 N/A
Adjustments For Undistributed Profits Of Associates N/A N/A 4,945,000.00 N/A
Other Adjustments For Noncash Items -6,045,000.00 N/A -3,748,000.00 N/A
Interest Paid Classified As Operating Activities -256,000.00 N/A -869,000.00 N/A
Interest Received Classified As Operating Activities 1,482,000.00 N/A 15,000.00 N/A
Income Taxes Paid Refund Classified As Operating Activities -1,258,000.00 N/A 17,000.00 N/A
Cash Flows From Used In Operating Activities -62,881,000.00 N/A -57,112,000.00 N/A
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities -7,932,000.00 N/A -39,025,000.00 N/A
Purchase Of Property Plant And Equipment Classified As Investing Activities -1,260,000.00 N/A -1,257,000.00 N/A
Cash Flows From Used In Investing Activities -28,249,000.00 N/A -57,391,000.00 N/A
Proceeds From Issuing Shares N/A N/A 99,693,000.00 N/A
Payments Of Lease Liabilities Classified As Financing Activities -4,922,000.00 N/A -2,176,000.00 N/A
Cash Flows From Used In Financing Activities -4,922,000.00 N/A 97,517,000.00 N/A
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 21,819,000.00 N/A 7,816,000.00 N/A
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes -96,052,000.00 N/A -16,986,000.00 N/A
Cash and cash equivalents 123,844,000.00 241,715,000.00 114,673,000.00 123,844,000.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

Date Trading entity / Person Association Trade type Volume
01.12.23 Trond Myklebust Other Buy SEK 152,163.00
09.11.21 Erik Borgen Other Other SEK 1,538,189.00

Capital markets information







Industry Group



Marine Transportation


Marine Transportation

Listed Stock Exchange

Nasdaq Stockholm

Contact Investor Relations department

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