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Interim Report 1 January–30 June 2015

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  • Result before tax, Q2: SEK 44.0 (42.1) million 6 months: SEK 72.2 (52.3) million

  • EBITDA, Q2: SEK 99.5 (86.5) million 6 months: SEK 181.7 (138.2) million

  • Average income for product tankers (spot), Q2: USD 21,800 (10,700) per day 6 months: USD 20,900 (13,300) per day

After the end of the reporting period

  • At the end of July, the Company took delivery of another chartered suezmax tanker. The charter period is for one year, with an option for another year. Concordia Maritime’s position in the vessel corresponds to a 50 percent share.

Key ratios

  • Total income, SEK million 204.3 (166.2)

  • EBITDA, SEK million 99.5 (86.5)

  • EBITDA, USD million 11.8 (13.2)

  • Operating result, SEK million 52.3 (52.2)

  • Result after tax, SEK million 44.0 (40.1)

  • Equity ratio, % 42 (44)

  • Growth in equity, % –2 (8)

  • Return on equity, % 2 (2)

  • Available liquid funds, including unutilised credit facilities, SEK million 229.5 (362.0)

  • Result per share after tax, SEK 0.92 (0.84)

  • Equity per share, SEK 36.30 (29.26)

Distribution
Our quarterly reports are no longer being printed for environmental reasons, but are only published digitally. Concordia Maritime's interim reports as well as additional financial information about the Company can be read or downloaded at our website www.concordiamaritime.com/en/investor-relations

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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Q2 Concordia Maritime Kim Ullman Ola Helgesson

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