Concordia Maritime: Interim Report 1 January - 30 September 2017

GÖTEBORG, Sweden, Nov. 9, 2017 /PRNewswire/ --

    --  Total income, Q3: SEK 197.7 (215.3) million, 9 months 2017: SEK 633.8
        (759.7) million
    --  Result excluding impairment and tax for the period, Q3: SEK -59.4
        (-22.4) million, 9 months 2017: SEK -144.4 (23.4) million
    --  EBITDA, Q3: SEK 1.9 (50.9) million, 9 months 2017: SEK 41.2 (211.4)
        million
    --  Result per share excluding impairment and tax, Q3: SEK -1.24 (-0.47), 9
        months 2017: SEK -3.03 (0.49)
    --  Vessels written down by USD 55 million, SEK 473.7 (0.0) million

Key ratios

    --  Total income, SEK million 197.7 (215.3)
    --  EBITDA, SEK million 1.9 (50.9)
    --  EBITDA, USD million 0.4 (5.9)
    --  Operating result, SEK million -521.8 (-9.8)
    --  Result excluding impairment and tax, MSEK -59.4 (-22.4)
    --  Result before tax, SEK million -533.1 (-22.4)
    --  Result after tax, SEK million -533.1 (-10.6)
    --  Equity ratio, % 41 (44)
    --  Return on equity, % -32 (5)
    --  Available liquid funds, including unutilised credit facilities, SEK
        million 442.2 (401)
    --  Result per share after tax, SEK -11.17 (-0.22)
    --  Equity per share, SEK 26.38 (40.11)
    --  Lost-time injuries 0 (0)

CONTACT:

Kim Ullman
CEO
Concordia Maritime AB
Tel +46-31855003
Mobile +46-704855003
Email kim.ullman@concordiamaritime.com

Ola Helgesson
CFO
Concordia Maritime AB
Tel +46-31 855009
Mobile +46-704855009
Email ola.helgesson@concordiamaritime.com

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SOURCE Concordia Maritime