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Interim report, 1 January–31 March 2020

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Strong but uncertain market
 

  • Total income, Q1: SEK 348.6 (310.7) million
  • EBITDA, Q1: SEK 123.2 (81.6) million
  • Result before tax, Q1: SEK 29.0 (1.8) million
  • Result per share after tax, Q1: SEK 0.61 (0.04)

Events in the first quarter

  • Low oil prices and high production bring positive effects in the short term

  • Long-term effects of Covid-19 are difficult to assess
  • P-MAX vessel Stena Paris chartered out for 6 months

Key figures

  • Total income, SEK million 348.6 (310.7)

  • EBITDA, SEK million 123.2 (81.6)
  • EBITDA, USD million 12.7 (8.9)
  • Operating result, SEK million 58.0 (21.2)
  • Result before tax, SEK million 29.0 (1.8)
  • Result after tax, SEK million 29.0 (1.7)
  • Equity ratio, % 29 (31)
  • Return on equity, % –7 (–12)
  • Available liquid funds, including unutilised credit facilities, SEK million 398.8 (226.8)
  • Result per share after tax, SEK 0.61 (0.04)
  • Equity per share, SEK 22.99 (24.17)
  • 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 above, at 29 April 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
Mobil: +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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Q1 2020

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