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Concordia Maritime

Concordia Maritime

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Concordia Maritime: Year-End Report, 1 January-31 December 2020

13:00 / 28 January 2021 Concordia Maritime Press release

Market remains weak
 

  • Total income

Q4: SEK 165.7 (317.6) million
12 months: SEK 1,025.8 (1,140.2) million
 

  • EBITDA
Q4: SEK -4.6 (62.3) million
12 months: SEK 277.8 (249.5) million
 
  • Result before tax
Q4: SEK -86.5 (-29.3) million
12 months: SEK -65.1 (-102.3) million
 
  • Result per share after tax
Q4: SEK -1.83 (-0.62)
12 months: SEK -1.38 (-2.15)

Events in the fourth quarter
  • Two scheduled drydockings completed
  • Financing of installation of ballast water management system and refinancing of credit facility
  • The Board proposes to the AGM a dividend of SEK 0 (0) per share
  • Martin Nerfeldt new CFO and member of Group management 
Key figures 1 January-31 December 2020
  • Total income, SEK million: 1,025.8 (1,140.2)
  • EBITDA, SEK million: 277.8 (249.5)
  • EBITDA, USD million: 30.2 (26.4)
  • Operating result, SEK million: 32.6 (-0.4)
  • Result before tax, SEK million: -65.1 (-102.3)
  • Result after tax, SEK million: -66.0 (-102.6)
  • Equity ratio, %: 28 (29)
  • Return on equity, %: -6 (-9)
  • Available liquid funds, including unutilised credit facilities, SEK million: 378.0 (354.8)
  • Result per share after tax, SEK: -1.38 (-2.15)
  • Equity per share, SEK: 16.66 (22.12)
  • Lost-time injuries: 2 (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 28 January 2021, 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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