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Viking Line hit by plunge in sales - government steps in with million-euro loan

Finnish shipping company Viking Line, which competes with companies such as DFDS, is hit hard by the coronavirus crisis. Sales have gone down by more than 60 percent in the third quarter, and the Finnish government has stepped in with a state-backed loan to ensure liquidity.

Photo: Lehtikuva/Reuters/Ritzau Scanpix

The coronavirus crisis has taken a severe toll on Finnish shipping company Viking Line, which operates a fleet of ferries and cruise ships between Finland, the Aland Islands, Sweden and Estonia.

In the company's interim report for the third quarter, sales are down by 63 percent to EUR 56.6 million, and the operating result has plunged to a deficit of EUR 7.8 million, compared to a profit of EUR 26.2 million in the same period last year.

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