Interim report, 12 months1 January – 31 December 2014

• Strong market growth during the quarter

• Agreement with ExxonMobil extended

• Charter of Suezmax vessels (50%)

• Pool formed together with Stena Bulk

• Profit before tax of SEK 16.5 (–39.0) million for the full year 2014

• The Board will propose to the AGM that no dividend be paid

EVENTS AFTER THE REPORTING PERIOD

• Charter of an additional Suezmax vessel (50%)

Total income, SEK 531.2 million (467.8)
EBITDA, SEK 201.0 million (144.7)
Operating result, SEK 56.3 million (0.4)
Result after tax, SEK 8.6 million (-28.8)
Result per share, SEK 0.18 (-0.60)
EBITDA, USD 29.3 million (22.2)
Available liquid funds1) SEK 233.5 million (242.1)

1)        Including unutilized available credit facilities

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Kim Ullman
CEO
Concordia Maritime AB

Tel: 46 31 855003
Mobile: 46 704 855003
E-mail: kim.ullman@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 admitted to trading on Nasdaq OMX Stockholm in 1984. www.concordiamaritime.com

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