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Concordia Maritime: Interim report, 1 January-31 March 2023

Friday, 05 May 2023 | 00:00

Stable earnings and reduced fleet

  • Total income Q1: SEK 95.6 (124.1) million
  • EBITDA Q1: SEK 37.6 (29.7) million
  • Result before tax Q1: SEK 2.9 (-30.4) million
  • Result per share after tax Q1: SEK 0.06 (-0.64)

Events in the first quarter

  • Stena Provence delivered to buyer
  • Repayment of debt, MSEK 156
  • Continued evaluation of future business opportunities

Events after the end of the quarter

  • Sale of Stena Penguin agreed

Key figures

  • Total income, SEK million: 95.6 (124.1)
  • EBITDA, SEK million: 37.6 (29.7)
  • EBITDA, USD million: 3.6 (3.2)
  • Operating result, SEK million: 14.3 (-12.5)
  • Result before tax, SEK million: 2.9 (-30.4)
  • Result after tax, SEK million: 3.0 (-30.5)
  • Equity ratio, %: 40 (14)
  • Return on equity, %: 42 (neg)
  • Available liquid funds, including unutilised credit facilities, SEK million: 161.9 (34.5)
  • Result per share after tax, SEK: 0.06 (-0.64)
  • Equity per share, SEK: 8.64 (5.80)
  • Lost-time injuries: 0 (0)
    Source: Concordia Maritime AB

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