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Concordia Maritime

Concordia Maritime

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Concordia Maritime: Interim report, 1 January-30 June 2021

12:30 / 12 August 2021 Concordia Maritime Press release

Continued weak market

  • Total income

Q2: SEK 208.4 (300.7) million
HY1: SEK 388.0 (649.4) million
 

  • EBITDA
Q2: SEK -16.7 (114.1) million
HY1: SEK -62.4 (237.3) million
 
  • Result before tax
Q2: SEK -88.4 (28.3) million
HY1: SEK -208.6 (57.3) million
 
  • Result per share after tax
Q2: SEK -1.88 (0.59)
HY1: SEK -4.42 (1.20)

Events in the second quarter
  • New waivers received from lending banks
  • Two scheduled drydockings completed
Events after the end of the quarter
  • The Board of Directors has invited to an Extraordinary General Meeting to be held on 12 August 2021 as per separate notice for approval of the time charter and the guarantee contract under the Term Sheet with the lending banks.
Key figures Jan-Jun 2021
  • Total income, SEK million: 388.0 (649.4)
  • EBITDA, SEK million: -62.4 (237.3)
  • EBITDA, USD million: -7.4 (24.5)
  • Operating result, SEK million: -176.1 (106.6)
  • Result before tax, SEK million: -208.6 (57.3)
  • Result after tax, SEK million: -211.1 (57.3)
  • Equity ratio, %: 24 (31)
  • Return on equity, %: neg (0)
  • Available liquid funds, including unutilised credit facilities, SEK million: 139.5 (527.8)
  • Result per share after tax, SEK: -4.42 (1.20)
  • Equity per share, SEK: 14.67 (22.57)
  • Lost-time injuries: 2 (1)

This information is information that Concordia Maritime Aktiebolag (publ) is obliged to publish in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was provided by the contact person below for publication on 12 August 2021 at 12.30 CEST.

Concordia Maritime is an international tanker shipping company. We focus on safe, sustainable, and reliable transportation of refined oil products, chemicals, and vegetable oils. The Company's B shares were first listed on Nasdaq Stockholm in 1984.

www.concordiamaritime.com

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