LOS ANGELES – Viking (NYSE: VIK) has announced the addition of a new river ship, the Viking Sobek, to its Nile River fleet. The vessel, which recently underwent a float-out ceremony at the Massara shipyard in Cairo, signifies a significant step in its construction process. The Viking Sobek is scheduled to begin sailing Viking’s 12-day Pharaohs & Pyramids itinerary in the fall of 2024.
The Viking Sobek will accommodate 82 guests in 41 staterooms and is designed in the Scandinavian style that is characteristic of Viking’s fleet. It will be an identical sister ship to the Viking Osiris, the Viking Aton, and the upcoming Viking Hathor, which is slated to debut this summer. With these additions, Viking will operate six ships on the Nile by the end of 2024, including the Viking Ra and the MS Antares.
For those wishing to extend their exploration of Egypt, Viking offers Pre and Post Extensions, including privileged access to museums and private collections in London and Oxford, as well as additional tours in Istanbul and Jordan, featuring visits to iconic sites like Petra and the Dead Sea.
The Viking Sobek’s float-out marks its readiness for the final stages of construction, with the interior build-out to follow.
The information reported here is based on a press release statement from Viking.
InvestingPro Insights
As Viking (NYSE: VIK) continues to expand its presence on the Nile with the addition of the Viking Sobek to its fleet, the company’s financial health and market performance remain a focal point for investors. According to the latest data from InvestingPro, Viking holds a market capitalization of $12.08 billion USD. Despite not being profitable over the last twelve months as of Q1 2023, the company has shown a robust revenue growth of 48.32%, signaling a significant increase in its business operations.
The company’s stock is trading near its 52-week high, with a price that is 95.11% of this peak, reflecting investor confidence and a positive market sentiment. However, one of the InvestingPro Tips for Viking suggests caution, as the stock’s RSI indicates it may be in overbought territory. This could imply that the stock price might be higher than the company’s financials would traditionally support, and investors should consider this when making decisions.
While Viking does not pay dividends to shareholders, the company’s expansion strategy, as evidenced by the addition of the Viking Sobek, could be a driver for future growth. For those interested in a deeper dive into Viking’s financials and market performance, InvestingPro offers additional tips and insights. There are 5 more InvestingPro Tips available, which can provide a more comprehensive understanding of Viking’s position within the Hotels, Restaurants & Leisure industry. To explore these tips and unlock the full potential of your investment strategy, use coupon code PRONEWS24 for an extra 10% off a yearly or biyearly Pro and Pro+ subscription at https://www.investing.com/pro/VIK.
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