Earnings affected by impairment
- Total income
Q4:SEK 151.2 (165.7) million
Full year:SEK 704.8 (1,025.8) million
- EBITDA
Q4:SEK 36.6 (-4.6) million
Full year:SEK -82.6 (277.8) million
- Result before tax
Q4:SEK -308.2 (-86.5) million
Full year:SEK -658.2 (-65.1) million
- Result per share after tax
Q4:SEK -6.45 (-1.83)
Full year:SEK -13.84 (-1.38)
Events in the fourth quarter
- Agreement with lending banks on new terms and conditions for two of the Company's P-MAX vessels
- Covenant waiver granted by lending banks*
Erik Lewenhaupt new CEO ofConcordia Maritime -
Book value of fleet vessels written down by
SEK 268 million -
The Board will propose a dividend of
SEK 0 (0) per share to the 2022 AGM
Events after the end of the quarter
- Disposal of P-MAX vessel
Stena Perros - Technical design study on conversion of P-MAX vessels is launched
- Stena Polaris chartered out on bareboat charter for 12 months, with options
* For further information, see page 6 in the Year-End Report.
Key figures 1 January-
- Total income, SEK million: 704.8 (1,025.8)
- EBITDA, SEK million: -82.6 (277.8)
- EBITDA, USD million: -9.6 (30.2)
- Operating result, SEK million: -583.5 (32.6)
- Result before tax, SEK million: -658.2 (-65.1)
- Result before tax, adjusted for impairment: -390.5 (-65.1)
- Result after tax, SEK million: -660.4 (-66.0)
- Equity ratio, %: 14 (28)
- Return on equity, %: -112 (-6)
- Available liquid funds, including unutilised credit facilities, SEK million: 34.9 (378.0)
- Result per share after tax, SEK: -13.84 (-1.38)
- Equity per share, SEK: 6.21 (16.66)
- Lost-time injuries: 0 (2)
For more information, please contact:
CEO,
+46 704 855 188
erik.lewenhaupt@concordiamaritime.com
Martin Nerfeldt
CFO,
+45 88 938 661 or +46 704 85 50 07
martin.nerfeldt@concordiamaritime.com
This information is information that
www.concordiamaritime.com
https://news.cision.com/concordia-maritime/r/year-end-report--1-january-31-december-2021,c3503795
https://mb.cision.com/Main/1948/3503795/1533158.pdf
https://news.cision.com/concordia-maritime/i/concordia-maritime-s-p-max-vessel-stena-polaris,c3010270
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