Interim Report, 1 January-31 March 2017

GÖTEBORG, Sweden, Apr. 25, 2017 /PRNewswire/ --

• Total income, Q1: SEK 224.9 (263.6) million, Full year 2016: SEK 1,038.2 (1,086.6) million
• Result before tax, Q1: SEK –41.2 (33.4) million, Full year 2016: 56.9 (174.3)
• EBITDA, Q1: SEK 29.3 (103.4) million, Full year 2016: 319.9 (423.8)
• Result per share after tax, Q1: SEK –0.86 (0.70), Full year 2016: SEK 1.46 (3.64)
• The IMOIIMAX vessel Stena Important was sold to a large Japanese financial institution during the quarter. This is a sale & leaseback transaction, the third in a short period of time. The sale price was USD 36 million.
• Another quarter without any Lost Time Injuries*.

Events after the end of the quarter

• Two ECO MR vessels chartered on a 50% basis with Stena Weco.

Key ratios

• Total income, SEK million 224.9 (263.6)
• EBITDA, SEK million 29.3 (103.4)
• EBITDA, USD million 3.3 (12.2)
• Operating result, SEK million –24.4 (44.4)
• Result before tax, SEK million –41.2 (33.4)
• Result after tax, SEK million –41.2 (33.4)
• Equity ratio, % 49 (43)
• Return on equity, % –0.3 (10)
• Available liquid funds, including unutilised credit facilities, SEK million 217.7 (450.9)
• Result per share after tax, SEK –0.86 (0.70)
• Equity per share, SEK 42.33 (39.02)
• Lost-time injuries 0 (0)

Distribution

For environmental reasons, we are only publishing our interim reports digitally. Concordia Maritime's interim reports and additional financial information about the Company can be read or downloaded from our website www.concordiamaritime.com/en/investor-relations

CONTACT:

Kim Ullman
CEO
Concordia Maritime AB

Tel +46-31855003
Mobile +46-704855003
Email [email protected] 

Ola Helgesson
CFO
Concordia Maritime AB

Tel +46-31-855009
Mobile +46-704-855009
Email [email protected]

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/concordia-maritime/r/interim-report--1-january-31-march-2017,c2249955

The following files are available for download:

SOURCE Concordia Maritime

Related Links

http://www.concordiamaritime.com/en/investor-relations