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Gothenburg - 18 August 2022
Positive result and stronger market outlook
Total income
Q2: SEK 180.8 (208.4) million
HY1: SEK 304.9 (388.0) million
EBITDA
Q2: SEK 102.7 (–16.7) million
HY1: SEK 132.4 (–62.4) million
Result before tax
Q2: SEK 36.5 (–88.4) million
HY1: SEK 6.0 (–208.6) million
Result per share after tax
Q2: 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)
Full report
Concordia Maritime press release
