Viking Life-Saving Equipment A/S experienced growth in revenue as well as profits in a global market characterized by fewer new passenger and commercial vessels, declining currency rates in key markets, and pressure on prices. This marks the 10th straight year, says the company in its annual report on Thursday.

Not including decreased rates for USD, dollar-related currencies, and European currencies beyond the EU collaboration, the company's revenue increased by 6.0 percent in 2013, to USD 301.4 million. Result before taxes grew by more than 20 percent, to the highest level yet for the company, at USD 26.4 million.