Debt And ValuationVIK has improved its net debt/EBITDA ratio significantly from ~11x during the pandemic to ~3.0x in 2024, moving even lower to ~2x in 2025, making it best in-class compared to peers.
Demand And PricingBookings for 2024/2025 continue to build at prices that are 8%/10% higher than this time last year and above consensus pricing estimates.
Financial PerformanceVIK reported 2Q24 EBITDA of $493M, ahead of the Street’s $457M estimate, driven by lower expenses.