Interim report, 1 January–31 March 2019

Volatility – but at a higher level

  •  Total income, Q1: SEK 310.7 (199.6) million
  •  EBITDA, Q1: SEK 81.6 (7.0) million
  •  Result before tax, Q1: SEK 1.8 (–38.7) million
  •  Result per share after tax, Q1: SEK 0.04 (–0.81)

Events in the first quarter

  •  One Lost Time Injury (LTI) – the first in six years

Key figures 

  • Total income, SEK million 310.7 (199.6)
  • EBITDA, SEK million 81.6 (7.0)
  • EBITDA, USD million 8.9 (0.9)
  • Operating result, SEK million 21.2 (–36.4)
  • Result before tax, SEK million 1.8 (–38.7)
  • Result after tax, SEK million 1.7 (–38.7)
  • Equity ratio, % 31 (41)
  • Return on equity, % –0.1 (–47.7)
  • Available liquid funds, including unutilised credit facilities, SEK million 226.8 (286.6)
  • Result per share after tax, SEK 0.04 (–0.81)
  • Equity per share, SEK 24.17 (25.25)
  • Lost-time injuries 1 (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 

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 above, at 25 April 2019, at 11.00 am. 

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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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