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Concordia Maritime

Concordia Maritime

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Concordia Maritime: Interim report, 1 January-30 September 2020

13:00 / 3 November 2020 Concordia Maritime Press release

A weak tanker market

  • Total income

Q3: SEK 210.7 (259.2) million
9 months: SEK 860.1 (822.6) million
 

  • EBITDA
Q3: SEK 45.1 (52.4) million
9 months: SEK 282.4 (187.3) million
 
  • Result before tax
Q3: SEK -35.9 (-35.6) million
9 months: SEK 21.4 (-73.0) million
 
  • Result per share after tax
Q3: SEK -0.75 (-0.75)
9 months: SEK 0.45 (-1.53)

Events in the third quarter
  • Two scheduled drydockings completed
  • Participation in charter in of Suezmaxes corresponding to 1.7 vessels
Key figures
  • Total income, SEK million: 860.1 (822.6)
  • EBITDA, SEK million: 282.4 (187.3)
  • EBITDA, USD million: 30.1 (19.9)
  • Operating result, SEK million: 92.5 (2.9)
  • Result before tax, SEK million: 21.4 (-73.0)
  • Result after tax, SEK million: 21.4 (-73.1)
  • Equity ratio, %: 31 (30)
  • Return on equity, %: 0 (-8)
  • Available liquid funds, including unutilised credit facilities, SEK million: 438.5 (158.4)
  • Result per share after tax, SEK 0.45 (-1.53)
  • Equity per share, SEK: 21.18 (23.08)
  • Lost-time injuries: 1 (1)

This information is information that Concordia Maritime Aktiebolag (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on 3 November 2020, at 13.00 CET.

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 first listed on Nasdaq Stockholm in 1984. www.concordiamaritime.com

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