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Viking stagnated in 2017 under difficult market conditions

Viking Life-Saving Equipment booked stagnating revenue and earnings for the second year in a row. Difficult market conditions made their mark, but prospects of slight improvement in the global economy are positive, says CEO Henrik Uhd Christensen.

Danish safety equipment supplier to the shipping industry, Viking Life-Saving Equipment, stagnated in 2017, as two of the company's largest customer segments, freight ships and the offshore industry, both continued to struggle with tough market conditions.

In 2017, the company booked revenue of DKK 1.83 billion (EUR 246 million) relative to DKK 1.85 billion in 2016. The result before tax landed at DKK 174.3 million, marking a slight setback compared to DKK 183.5 million the previous year, Viking writes in a press release.

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