Concordia Maritime: Interim report, 1 January-30 June 2022
PR Newswire
GOTHENBURG, Sweden, Aug. 17, 2022
GOTHENBURG, Sweden, Aug. 17, 2022 /PRNewswire/ --
Positive result and stronger market outlook
-- Total incomeQ2: SEK 180.8 (208.4) millionHY1: SEK 304.9 (388.0) million
-- EBITDAQ2: SEK 102.7 (-16.7) millionHY1: SEK 132.4 (-62.4) million
-- Result before taxQ2: SEK 36.5 (-88.4) millionHY1: SEK 6.0 (-208.6)
million
-- Result per share after taxQ2: SEK 0.75 (-1.88)HY1: SEK 0.11 (-4.42)
Events in the second quarter
-- Sale of Suezmax tanker Stena Supreme. The sale had a positive liquidity
effect of approximately USD 4 million.
-- Strong market. Result affected by profit-sharing of USD 1.9 million for
HY1, enabling accelerated loan repayments.
Events after the end of the quarter
-- Agreement signed for sale of P-MAX tanker Stena Paris. The sale is
expected to enable accelerated loan repayments of approximately USD 5
million.
Key figures Jan-Jun 2022
-- Total income, SEK million: 304.9 (388.0)
-- EBITDA, SEK million: 132.4 (-62.4)
-- EBITDA, USD million: 13.8 (-7.4)
-- Operating result, SEK million: 46.5 (-176.1)
-- Result before tax, SEK million: 6.0 (-208.6)
-- Result after tax, SEK million: 5.2 (-211.1)
-- Equity ratio, %: 20 (24)
-- Return on equity, %: neg (neg)
-- Available liquid funds, including unutilised credit facilities, SEK
million: 88.9 (139.5)
-- Result per share after tax, SEK: 0.11 (-4.42)
-- Equity per share, SEK: 7.18 (14.67)
-- Lost-time injuries: 0 (2)
This information is information that Concordia Maritime Aktiebolag (publ) is obliged to publish in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was provided by the contact person below for publication on 17 August 2022 at 13.00 CEST.
For more information, please contact:
Erik Lewenhaupt
CEO, Concordia Maritime AB
Mob: +46 704 855 188
E-post: erik.lewenhaupt@concordiamaritime.com
Martin Nerfeldt
CFO, Concordia Maritime AB
Tel: +45 88 938 661
Mob: +46 704 85 50 07
E-post: 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-june-2022,c3615411
The following files are available for download:
https://mb.cision.com/Main/1948/3615411/1615 Concordia Maritime Interim
699.pdf report, 1 JanuaryâEUR"30
June 2022 (PDF)
https://news.cision.com/concordia-maritime/i CM Q2 2022 PR
/cm-q2-2022-pr,c3078815
https://mb.cision.com/Public/1948/3615411/86 Concordia Maritime - Press
96255a4801ada0.pdf release Q2 2022 - 20220817
View original content:https://www.prnewswire.com/news-releases/concordia-maritime-interim-report-1-january30-june-2022-301607553.html
SOURCE Concordia Maritime
Concordia Maritime: Interim report, 1 January-30 June 2022
PR Newswire
GOTHENBURG, Sweden, Aug. 17, 2022
GOTHENBURG, Sweden, Aug. 17, 2022 /PRNewswire/ --
Positive result and stronger market outlook
-- Total incomeQ2: SEK 180.8 (208.4) millionHY1: SEK 304.9 (388.0) million
-- EBITDAQ2: SEK 102.7 (-16.7) millionHY1: SEK 132.4 (-62.4) million
-- Result before taxQ2: SEK 36.5 (-88.4) millionHY1: SEK 6.0 (-208.6)
million
-- Result per share after taxQ2: SEK 0.75 (-1.88)HY1: SEK 0.11 (-4.42)
Events in the second quarter
-- Sale of Suezmax tanker Stena Supreme. The sale had a positive liquidity
effect of approximately USD 4 million.
-- Strong market. Result affected by profit-sharing of USD 1.9 million for
HY1, enabling accelerated loan repayments.
Events after the end of the quarter
-- Agreement signed for sale of P-MAX tanker Stena Paris. The sale is
expected to enable accelerated loan repayments of approximately USD 5
million.
Key figures Jan-Jun 2022
-- Total income, SEK million: 304.9 (388.0)
-- EBITDA, SEK million: 132.4 (-62.4)
-- EBITDA, USD million: 13.8 (-7.4)
-- Operating result, SEK million: 46.5 (-176.1)
-- Result before tax, SEK million: 6.0 (-208.6)
-- Result after tax, SEK million: 5.2 (-211.1)
-- Equity ratio, %: 20 (24)
-- Return on equity, %: neg (neg)
-- Available liquid funds, including unutilised credit facilities, SEK
million: 88.9 (139.5)
-- Result per share after tax, SEK: 0.11 (-4.42)
-- Equity per share, SEK: 7.18 (14.67)
-- Lost-time injuries: 0 (2)
This information is information that Concordia Maritime Aktiebolag (publ) is obliged to publish in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was provided by the contact person below for publication on 17 August 2022 at 13.00 CEST.
For more information, please contact:
Erik Lewenhaupt
CEO, Concordia Maritime AB
Mob: +46 704 855 188
E-post: erik.lewenhaupt@concordiamaritime.com
Martin Nerfeldt
CFO, Concordia Maritime AB
Tel: +45 88 938 661
Mob: +46 704 85 50 07
E-post: 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-june-2022,c3615411
The following files are available for download:
https://mb.cision.com/Main/1948/3615411/1615 Concordia Maritime Interim
699.pdf report, 1 JanuaryâEUR"30
June 2022 (PDF)
https://news.cision.com/concordia-maritime/i CM Q2 2022 PR
/cm-q2-2022-pr,c3078815
https://mb.cision.com/Public/1948/3615411/86 Concordia Maritime - Press
96255a4801ada0.pdf release Q2 2022 - 20220817
View original content:https://www.prnewswire.com/news-releases/concordia-maritime-interim-report-1-january30-june-2022-301607553.html
SOURCE Concordia Maritime
$(END)$ Dow Jones Newswires
August 17, 2022 07:16 ET (11:16 GMT)
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