Interim report, 1 January–30 September 2021
Secured earnings and improved loan terms
- Total income
Q3: SEK 165.6 (210.7) million
9 months: SEK 553.6 (860.1) million
- EBITDA
Q3: SEK –56.8 (45.1) million
9 months: SEK –119.1 (282.4) million
- Result before tax
Q3: SEK –141.4 (–35.9) million
9 months: SEK –350.0 (21.4) million
- Result per share after tax
Q3: SEK –2.96 (–0.75)
9 months: SEK –7.39 (0.45)
Events in the third quarter
- Activities aimed at strengthening Concordia Maritime’s financial position and liquidity, including time charters for the P-MAX vessels and divestment of the IMOIIMAX vessels
- Agreement with lending banks on new terms and conditions for eight of the Company’s ten P-MAX vessels
Events after the end of the quarter
- Agreement with lending banks on new terms and conditions for two of the Company’s ten P-MAX vessels
Key figures Jan-Sep 2021
- Total income, SEK million: 553.6 (860.1)
- EBITDA, SEK million: –119.1 (282.4)
- EBITDA, USD million: –14.0 (30.1)
- Operating result, SEK million: –293.5 (92.5)
- Result before tax, SEK million: –350.0 (21.4)
- Result after tax, SEK million: –352.6 (21.4)
- Equity ratio, %: 25 (31)
- Return on equity, %: neg (0)
- Available liquid funds, including unutilised credit facilities, SEK million: 70.0 (438.5)
- Result per share after tax, SEK: –7.39 (0.45)
- Equity per share, SEK: 12.49 (21.18)
- Lost-time injuries: 0 (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 2021, at 13.00 CET.
