Concordia Maritime: Year-End Report 1 January–31 December 2015

January 28, 2016 | By Business Wire News

GÖTEBORG, Sweden

Regulatory News:

Concordia AB (STO:CCORB)

· Total income, Q4: SEK 217.6 (125.7) million Full year 2015: SEK 810.0 (531.2) million · Result before tax, Q4: SEK 49.8 (–12.7) million Full year 2015: SEK 174.3 (16.5) million

· EBITDA, Q4: SEK 117.3 (42.9) million Full year 2015: SEK 423.8 (214.7) million

· Result per share after tax, Q4: SEK 1.03 (–0.35) Full year 2015: SEK 3.64(0.18)

· Delivery of IMOIIMAX vessel Stena Important.

· P-MAX vessel Stena Primorsk chartered out. The contract is for two years and runs from late January/early February 2016.

· IMO2/3 class MR tanker (ECO-design) chartered in. The contract is for two years and runs from November 2015. Concordia Maritime’s share is 50 percent.

· The Board will propose to the AGM a dividend of SEK 0.50 per share.

After the end of the reporting period

· Another P-MAX tanker chartered out over a longer period. The contract runs from February 2016, and is for one year with an option for a further year.

Key ratios

· Total income, SEK million 810.0 (531.2)

· EBITDA, SEK million 423.8 (214.7)

· EBITDA, USD million 50.3 (31.3)

· Operating result, SEK million 209.6 (56.4)

· Result after tax, SEK million 173.9 (8.7)

· Equity ratio, % 43 (42)

· Return on equity, % 10 (1)

· Available liquid funds, including unutilised credit facilities, SEK million 367.1 (233.5)

· Result per share after tax, SEK 3.64 (0.18)

· Equity per share, SEK 39.15 (32.99)

Distribution

For environmental reasons, we are only publishing our interim reports digitally. Concordia Maritime’s interim reports and additional financial information about the Company can be read or downloaded from our website www.concordiamaritime.com/en/investor-relations

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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