4/26/2006

Interim report Concordia Maritime AB (publ) I January – 31 March, 2006

  • Profit after tax SEK 17.2 (27.0) million, including a profit of SEK 0.0 (47.4) million on the sale of ships and exchange rate differences of SEK 4.5 (-26.0) million
  • Profit per share after tax: SEK 0.36 (0.57)
  • Net sales: SEK 72.7 (70.6) million
  • In February, a 5-year time-charter agreement was signed with French TOTAL for the Stena Perros. The second P-MAX tanker, Stena Provence, was delivered in March
  • In March a newbuilding contract was signed for further two P-MAX tankers, conditional on final approvment by the boards of the company and the yard
  • Equity: SEK 1 758.6 million corresponding to SEK 36.84 per share (SEK 37.10 on 31-12-2005)
  • Forecast for 2006: SEK 75 million before tax corresponding to SEK 1.58 per share, i.e. unchanged compared to the previous forecast
  • Hans Norén, President
    +46 (0)31-85 51 01 or +46 (0)704-85 51 01

    Göran Hermansson, Financial Manager
    +46 (0)31-85 50 46 or +46 (0)704-85 50 46

Pressreleases 2006