Interim report for Stena Line AB
Interim Report January 1 to June 30, 1998 Revenue totaled SEK 3,419 million (SEK 4,267 m). The loss after financial income and expenses, net, was SEK 530 million (-SEK 535 m). The income after financial income and expenses, net, for the last 12 month period was SEK 156 million. The corresponding income excluding one-off items was SEK 78 million. The income after financial income and expenses, net, for 1998 is expected to be a loss. A quantified earnings forecast will be given in conjunction with the presentation of the Q3 income figures. The equity/assets ratio before conversion rose from 16% to 22% in comparison with the corresponding point in 1997. The net debt/equity ratio has shrunk to a multiple of 2.6 (3.7). EPS after full tax was -SEK 7.10 (-SEK 6.70). Stockholders' equity per share was SEK 38.10 (SEK 36.20). Remedial measures planned and corporate management to be streamlined.