International shipping company

Concordia Maritime

Concordia Maritime is an international tanker shipping company focusing on the transportation of crude oils, oil products, chemicals, and vegetable oils. The company owns a fleet of ten P-MAX product tankers, two IMOIIMAX chemical/product tankers, one Suezmax, and shares in six-contracted MR (ECO)-vessels. Concordia’s position within the Stena Sphere helps the company to achieve meaningful access to financing and top-tier operational competence.

Financials

CONCORDIA MARITIME

SEKm 2017 2018 2019
Sales 828 967 1184
Sales growth (%) -20,3 16,8 22,5
EBITDA 51 13 314
EBITDA margin (%) 6,2 1,4 26,5
EBIT adj -625 -173 120
EBIT adj margin (%) -75,5 -17,9 10,2
Pretax profit -660 -190 71
EPS rep -13,83 -3,98 1,48
EPS growth (%) -1052,4 71,2 137,2
EPS adj -3,9 -3,98 1,48
DPS 0 0 0
EV/EBITDA (x) 34,4 129,8 4,7
EV/EBIT adj (x) -2,8 -10 12,2
P/E (x) -0,9 -2,6 6,9
P/E adj (x) -3,2 -2,6 6,9
EV/sales (x) 2,1 1,8 1,2
FCF yield (%) 72,1 -32,7 54
Dividend yield (%) 0 0 0
Net IB debt/EBITDA 22,8 93,3 3,1

Main shareholders

Concordia Maritime

Main shareholders Share capital % Voting shares %
Stena 52.2 % 72.7 %
Bengt Stillström 4.2 % 2.4 %
Avanza Pension 2.9 % 1.6 %
Stig Andersson 2.5 % 1.4 %
Fourton Oy 2.4 % 1.4 %
Traction 2.3 % 1.3 %
Morgan-Åke Åkesson 1.6 % 0.9 %
Nordnet Pensionsförsäkring 0.8 % 0.4 %
Ann Stillström 0.8 % 0.4 %
Rutger Arnhult 0.6 % 0.4 %