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
Concordia Maritime is an international tanker shipping company. We focus on safe, sustainable, and reliable transportation of refined oil products, chemicals, and vegetable oils. The Company’s B shares were first listed on Nasdaq Stockholm in 1984.
