Interim report, 1 January–30 June 2018

• Total income
  Q2: SEK 227.0 (211.1) million
  HY1: SEK 426.6 (436.0) million
  
  
• EBITDA
  Q2: SEK –9.3 (10.0) million
  HY1: SEK –2.3 (39.3) million
  
  
• Result before tax
  Q2: SEK –57.0 (–43.9) million
  HY1: SEK –95.7 (–85.1) million
  
  
• Result per share after tax
  Q2: SEK –1.19 (–0.92) million
  HY1: SEK –2.01 (–1.78) million

Events in the second quarter

•  Another quarter without any Lost Time Injuries
•  Three suezmax vessels chartered in (50% share)
•  Two MR (ECO) vessels chartered in (50% share) 

Events after the end of the quarter

•  Another One suezmax vessel chartered in (50% share)
•  Stena Paris chartered out for 12 months 

Key ratios 

• Total income, SEK million 426.6 (436.0)
• EBITDA, SEK million –2.3 (39.3)
• EBITDA, USD million –0.3 (4.4)
• Operating result, SEK million –91.9 (–69.9)
• Result excluding impairment and tax, SEK million –95.7 (–85.1)
• Result before tax, SEK million –95.7 (–85.1)
• Result after tax, SEK million –95.7 (–85.1)
• Equity ratio, % 41 (49)
• Return on equity, % –54 (–3)
• Available liquid funds, including unutilised credit facilities, SEK million 185.0 (281.0)
• Result per share after tax, SEK –2.01 (–1.78)
• Equity per share, SEK 25.94 (38.29)
• Lost-time injuries 0 (0)

Distribution 

For environmental reasons, we are only publishing our interim reports digitally. Concordia Maritime’s interim reports and additional financial information about the Company can be read or downloaded from our website www.concordiamaritime.com/en/investor-relations 

The information in this report is information that Concordia Maritime is required to disclose in accordance with the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was made public on 14 August 2018, at 2.00 p.m. 

For more information, please contact:

Kim Ullman                                                        Ola Helgesson
CEO, Concordia Maritime AB                            CFO, Concordia Maritime AB
Tel +46 31 855003                                             Tel +46 31 855009
Mob +46 704 855003                                         Mob +46 704 855009
Email: kim.ullman@concordiamaritime.com      Email: ola.helgesson@concordiamaritime.com

Concordia Maritime is an international tanker shipping company. Our focus is on cost-effective and safe transportation of refined petroleum products and vegetable oils. The Company's B shares were first listed on Nasdaq Stockholm in 1984. www.concordiamaritime.com

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