Concordia Maritime: Interim Report 1 January–31 March 2015

April 28, 2015 | By Business Wire News

GÖTEBORG, Sweden

Regulatory News:

Concorida Maritime (STO:CCORB)

· Strong start to the year – the market has turned

· Result before tax SEK 28.1 (10.2) million

· EBITDA SEK 82.2 (51.7) million

After the end of the reporting period

· Renewal of the fleet. Stena Image – the next generation of chemical and product tankers – was delivered on 8 April.

Key ratios

Total income, SEK million 178.4 (135.2)

EBITDA, SEK million 82.2 (51.7)

EBITDA, USD million 9.9 (8.0)

Operating result, SEK million 39.0 (15.9)

Result after tax, SEK million 28.1 (12.2)

Equity ratio, % 43 (39)

Growth in equity, % 12 (1)

Return on equity, % 1.6 (1.0)

Available liquid funds, including unutilised credit facilities, SEK million 307.3 (285.2)

Result per share after tax, SEK 0.59 (0.26)

Equity per share, SEK 37.03 (27.33)

Concordia Maritime is an international tanker shipping company. Our focus is on cost-effective and safe transportation of refined petroleum products and vegetable oils. The company’s B shares were admitted to trading on Nasdaq OMX Stockholm in 1984. www.concordiamaritime.com

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