Interim report, 1 January-30 September 2021

GÖTEBORG, Sweden, Nov. 3, 2021 /PRNewswire/ --

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)

CONTACT:

For more information, please contact:

Kim Ullman
CEO, Concordia Maritime AB
Tel: +46 31 85 50 03    
Mob: +46 704 85 50 03 
Email: kim.ullman@concordiamaritime.com   

Martin Nerfeldt
CFO, Concordia Maritime AB
Tel: +45 88 938 661
Mob: +46 704 85 50 07
Email: martin.nerfeldt@concordiamaritime.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/concordia-maritime/r/interim-report--1-january-30-september-2021,c3446163

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