Interim report, 1 January-30 September 2021

GÖTEBORG,Sweden,Nov. 3,2021 --

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)

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

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

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Concordia Maritime AB Interim report,1 Janâ€"30 Sep 2021

https://news.cision.com/concordia-maritime/i/concordia-maritime-stena-polaris,c2975546

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