Interim report, 1 January–30 June 2020

Extremely volatile quarter
 

  • Total income
    Q2: SEK 300.7 (252.7) million
    HY1: SEK 649.4 (563.4) million

     
  • EBITDA
    Q2: SEK 114.1 (53.3) million
    HY1: SEK 237.3 (134.9) million

     
  • Result before tax
    Q2: SEK 28.3 (–39.2) million
    HY1: SEK 57.3 (–37.4) million

     
  • Result per share after tax
    Q2: SEK 0.59 (–0.82)
    HY1: SEK 1.20 (–0.78)

Events after the end of the quarter

  • Stena Performance CVC contract extended to May 2021
  • Operational challenges of crew changes and Covid-19

Key figures

  • Total income, SEK million 649.4 (563.4)
  • EBITDA, SEK million 237.3 (134.9)
  • EBITDA, USD million 24.5 (14.5)
  • Operating result, SEK million 106.6 (13.4)
  • Result before tax, SEK million 57.3 (–37.4)
  • Result after tax, SEK million 57.3 (–37.5)
  • Equity ratio, % 31 (32)
  • Return on equity, % 0 (–11)
  • Available liquid funds, including unutilised credit facilities, SEK million 527.8 (219.3)
  • Result per share after tax, SEK 1.20 (–0.78)
  • Equity per share, SEK 22.57 (23.40)
  • Lost-time injuries 1 (1)

This information is information that Concordia Maritime Aktiebolag (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 13:00 CET on 13 August 2020.

For more information, please contact:
Kim Ullman
CEO, Concordia Maritime AB
Tel +46 31 855003
Mob +46 704 855003
Email: kim.ullman@concordiamaritime.com  

Ola Helgesson
CFO, Concordia Maritime AB
Tel +45 88938661
Mob +46 704 855009
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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About Us

Concordia Maritime is an international shipping company. Our focus is on the cost-efficient and safe transportation of refined petroleum products and edible oils. The series B-share has been listed on Nasdaq Stockholm since 1984. www.concordiamaritime.com