Jan 28, 2021   SOURCE: PR NewsWire

Year-End Report, 1 January-31 December 2020: Concordia Maritime

GÖTEBORG, Sweden, Jan. 28, 2021 /PRNewswire/ --

Market remains weak

    --  Total income            Q4: SEK 165.7 (317.6) million            12
        months: SEK 1,025.8 (1,140.2) million


    --  EBITDA            Q4: SEK -4.6 (62.3) million            12 months: SEK
        277.8 (249.5) million





    --  Result before tax            Q4: SEK -86.5 (-29.3) million            12
        months: SEK -65.1 (-102.3) millionResult per share after tax           
        Q4: SEK -1.83 (-0.62)            12 months: SEK -1.38 (-2.15)

Events in the fourth quarter

    --  Two scheduled drydockings completed
    --  Financing of installation of ballast water management system and
        refinancing of credit facility
    --  The Board proposes to the AGM a dividend of SEK 0 (0) per share
    --  Martin Nerfeldt new CFO and member of Group management

Key figures 1 January-31 December 2020

    --  Total income, SEK million: 1,025.8 (1,140.2)
    --  EBITDA, SEK million: 277.8 (249.5)
    --  EBITDA, USD million: 30.2 (26.4)
    --  Operating result, SEK million: 32.6 (-0.4)
    --  Result before tax, SEK million: -65.1 (-102.3)
    --  Result after tax, SEK million: -66.0 (-102.6)
    --  Equity ratio, %: 28 (29)
    --  Return on equity, %: -6 (-9)
    --  Available liquid funds, including unutilised credit facilities, SEK
        million: 378.0 (354.8)
    --  Result per share after tax, SEK: -1.38 (-2.15)
    --  Equity per share, SEK: 16.66 (22.12)
    --  Lost-time injuries: 2 (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 January 2021, at 13.00 CET.

For more information, please contact:

Kim Ullman
CEO, Concordia Maritime AB
Tel: +46 31 855003
Mob: +46 704 855003
E-mail: kim.ullman@concordiamaritime.com

Ola Helgesson
CFO, Concordia Maritime AB
Tel: +45 88938661
Mob: +46 704 855009
E-mail: ola.helgesson@concordiamaritime.com

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

https://news.cision.com/concordia-maritime/r/year-end-report--1-january-31-december-2020,c3275662

The following files are available for download:



     
     https://mb.cision.com/Main/1948/3275662/1364890.pdf Concordia Maritime AB Year-
                                                             End Report 2020

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SOURCE Concordia Maritime