August 19, 2026 12:10 PM GMT Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways Quick take: VIK's strong forward trajectory should generate a favorable response as concerns were mounting into the print over low water levels in European Rivers. That said, details on the situation were sparse in the release and could impact 3Q costs. The 2Q results also saw upside driven by higher ALBDs (timing), which al ...