Interim report, 1 January-30 September 2021

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Nov 03, 2021, 08:15 ET

GÖTEBORG, Sweden, Nov. 3, 2021 /PRNewswire/ --

Secured earnings and improved loan terms

·     Total income
          Q3: SEK 165.6 (210.7) million
          9 months: SEK 553.6 (860.1) million

·     EBITDA
          Q3: SEK -56.8 (45.1) million
          9 months: SEK -119.1 (282.4) million

·     Result before tax
          Q3: SEK -141.4 (-35.9) million
          9 months: SEK -350.0 (21.4) million

·     Result per share after tax
          Q3: SEK -2.96 (-0.75)
          9 months: SEK -7.39 (0.45)

Events in the third quarter

Activities aimed at strengthening Concordia Maritime's financial position and liquidity, including time charters for the P-MAX vessels and divestment of the IMOIIMAX vessels
Agreement with lending banks on new terms and conditions for eight of the Company's ten P-MAX vessels

Events after the end of the quarter

Agreement with lending banks on new terms and conditions for two of the Company's ten P-MAX vessels

Key figures Jan-Sep 2021

Total income, SEK million: 553.6 (860.1)
EBITDA, SEK million: -119.1 (282.4)
EBITDA, USD million: -14.0 (30.1)
Operating result, SEK million: -293.5 (92.5)
Result before tax, SEK million: -350.0 (21.4)
Result after tax, SEK million: -352.6 (21.4)
Equity ratio, %: 25 (31)
Return on equity, %: neg (0)
Available liquid funds, including unutilised credit facilities, SEK million: 70.0 (438.5)
Result per share after tax, SEK: -7.39 (0.45)
Equity per share, SEK: 12.49 (21.18)
Lost-time injuries: 0 (1)

CONTACT:

For more information, please contact:

Kim Ullman
CEO, Concordia Maritime AB
Tel: +46 31 85 50 03
Mob: +46 704 85 50 03
Email: [email protected]

Martin Nerfeldt
CFO, Concordia Maritime AB
Tel: +45 88 938 661
Mob: +46 704 85 50 07
Email: [email protected]

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The following files are available for download:

https://mb.cision.com/Main/1948/3446163/1490824.pdf	Concordia Maritime AB Interim report, 1 Janâ€"30 Sep 2021
https://news.cision.com/concordia-maritime/i/concordia-maritime-stena-polaris,c2975546	Concordia-Maritime-Stena-Polaris