Concordia Maritime AB Interim report, 9 months 1 January – 30 September 2013

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  • Q3 freight rates for vessels on the open market slightly better than in Q2
  • Nine of the fleet’s 13 vessels employed on the open market
  • P-MAX through the Northeast Passage

Total income, SEK 372.1 million (417.1)
EBITDA, SEK 135.5 million (175.4)
Operating result before impairment, SEK 27.4 million (61.9)
Impairment, SEK 0.0 million (-408.8)
Operating result after impairment, MSEK 27.4 (-346.9)
Result after tax, SEK 2.0 million (-365.7)
Result per share, SEK 0.04 (-7.66)
EBITDA, USD 20.8 million (25.8)
Available liquid funds1) SEK 358.7 million (570.4)

1)  Including unutilized available credit facilities

Hans Norén, President, +46 704 855101
Anna Forshamn, CFO, +46 704 855172

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 admitted to trading on Nasdaq OMX Stockholm in 1984. www.concordiamaritime.com

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