Interim report, 1 January - 30 June 2022

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