Interim report, 1 January–30 September 2020

A weak tanker market

• Total income
  Q3: SEK 210.7 (259.2) million
  9 months: SEK 860.1 (822.6) million
   
• EBITDA
  Q3: SEK 45.1 (52.4) million
  9 months: SEK 282.4 (187.3) million
   
• Result before tax
  Q3: SEK –35.9 (–35.6) million
  9 months: SEK 21.4 (–73.0) million
   
• Result per share after tax
  Q3: SEK –0.75 (–0.75)
  9 months: SEK 0.45 (–1.53)

Events in the third quarter

• Two scheduled drydockings completed
• Participation in charter in of Suezmaxes corresponding to 1.7 vessels

Key figures

• Total income, SEK million: 860.1 (822.6)
• EBITDA, SEK million: 282.4 (187.3)
• EBITDA, USD million: 30.1 (19.9)
• Operating result, SEK million: 92.5 (2.9)
• Result before tax, SEK million: 21.4 (–73.0)
• Result after tax, SEK million: 21.4 (–73.1)
• Equity ratio, %: 31 (30)
• Return on equity, %: 0 (–8)
• Available liquid funds, including unutilised credit facilities, SEK million: 438.5 (158.4)
• Result per share after tax, SEK 0.45 (–1.53)
• Equity per share, SEK: 21.18 (23.08)
• 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. The information was submitted for publication, through the agency of the contact person set out below, on 3 November 2020, at 13.00 CET.

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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