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2021-11-03

Concordia Maritime: Interim report, 1 January-30 September 2021

Secured earnings and improved loan terms

  • Total income

Q3: SEK 165.6 (210.7) million
9 months: SEK 553.6 (860.1) million
 

  • EBITDA

Q3: SEK -56.8 (45.1) million
9 months: SEK -119.1 (282.4) million
 

  • Result before tax

Q3: SEK -141.4 (-35.9) million
9 months: SEK -350.0 (21.4) million
 

  • Result per share after tax

Q3: SEK -2.96 (-0.75)
9 months: SEK -7.39 (0.45)

Events in the third quarter

  • Activities aimed at strengthening Concordia Maritime's financial position and liquidity, including time charters for the P-MAX vessels and divestment of the IMOIIMAX vessels
  • Agreement with lending banks on new terms and conditions for eight of the Company's ten P-MAX vessels

Events after the end of the quarter

  • Agreement with lending banks on new terms and conditions for two of the Company's ten P-MAX vessels

Key figures Jan-Sep 2021

  • Total income, SEK million: 553.6 (860.1)
  • EBITDA, SEK million: -119.1 (282.4)
  • EBITDA, USD million: -14.0 (30.1)
  • Operating result, SEK million: -293.5 (92.5)
  • Result before tax, SEK million: -350.0 (21.4)
  • Result after tax, SEK million: -352.6 (21.4)
  • Equity ratio, %: 25 (31)
  • Return on equity, %: neg (0)
  • Available liquid funds, including unutilised credit facilities, SEK million: 70.0 (438.5)
  • Result per share after tax, SEK: -7.39 (0.45)
  • Equity per share, SEK: 12.49 (21.18)
  • Lost-time injuries: 0 (1)

For more information, please contact:

Kim Ullman
CEO, Concordia Maritime AB
Tel: +46 31 85 50 03    
Mob: +46 704 85 50 03 
Email: kim.ullman@concordiamaritime.com 

Martin Nerfeldt
CFO, Concordia Maritime AB
Tel: +45 88 938 661
Mob: +46 704 85 50 07
Email: martin.nerfeldt@concordiamaritime.com

Författare Cision