Viking Line's earnings for all of last year declined from the previous year's profit.
The Jan Hanses-led owner of seven cruise ferries posted $6.6m in net income attributable to shareholders versus an $8.8m profit during 2018.
Revenue came in at $496m, down slightly from $498m the previous year. Expenses declined to $479m from $499m.
Results for 2019 show that we are on the right path," chief executive Hanses said in a statement.