Concordia Maritime: Interim report, 1 January-31 March 2021

Author: Concordia Maritime / 2023-07-23 22:45 / Source: Concordia Maritime

Concordia Maritime: Interim report, 1 January-31 March 2021

GOTHENBURG,Sweden,April 28,2021 --

Record-weak tanker market

Total income Q1: SEK 179.6 (348.6) million

EBITDA Q1: SEK -45.7 (123.2) million

Result before tax Q1: SEK -120.2 (29.0) million

Result per share after tax Q1: SEK -2.54 (0.61)

Events in the first quarter

Negotiations with lending banks and Stena concerning a solution to strengthen the Company's financial position and liquidity

Temporary covenant waiver granted by lending banks

Three scheduled drydockings completed

Stena Polaris CVC contract extended to June 2021

Stena Paris chartered out on TC contract until August 2021

Key figures

Total income,SEK million: 179.6 (348.6)

EBITDA,SEK million: -45.7 (123.2)

EBITDA,USD million: -5.4 (12.7)

Operating result,SEK million: -101.9 (58.0)

Result before tax,SEK million: -120.2 (29.0)

Result after tax,SEK million: -121.4 (29.0)

Equity ratio,%: 25 (29)

Return on equity,%: neg (neg)

Available liquid funds,including unutilised credit facilities,SEK million: 232.7 (398.8)

Result per share after tax,SEK: -2.54 (0.61)

Equity per share,SEK: 15.90 (22.99)

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 28 April 2021,at 11.30 CEST.

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

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