Interim Report 1 January-30 September 2009
•Net turnover SEK 488.1 (391.9) million
•Profit after tax SEK –111.3 (55.8) million includes extraordinary items totaling SEK 179.3 million
•Profit per share SEK –2.33 (1.17)
•EBITDA of USD 15.1 (18.1) million
•Available funds (including unutilized credit facilities) total SEK 585.4 (576.7) million
•The forecast result before tax for 2009 amounts to SEK –100 million (–2.10 per share) and includes extraordinary items totalling SEK 179.3 million
•Business operations proceeded according to plan and generated, despite a very weak market, a profit of SEK 68.0 million for the whole period
•The Stena Progress was delivered at the end of Q3 and entered into a 5-year charter with Total and in October, the V-MAX tankers were redelivered to General Maritime.
Concordia Maritime invites you to a teleconference on 29 October, 2009, 10:00 CET.
The Interim Report for Q3 2009 will be presented and questions answered.
Attending:
Hans Norén, President
Göran Hermansson, Financial Manager
Phone: +44 (0)20 7162 0077 or
+46 (0)8 5052 0110
Conference title: Concordia Maritime
Recorded conference is available until 5 November 2009.
Phone +44 (0)20 7031 4064
+46 (0) 8 5052 0333
Code: 848925
Hans Norén
President
Direct +46 31 855101
Mobile +46 704 855101
Göran Hermansson
Financial Manager
Direct +46 31 855046
Mobile +46 704 855046
Concordia Maritime AB (publ) is an international tanker shipping company listed on the Nasdaq OMX Nordic Exchange in Stockholm. The company has ordered ten tankers, which are being built in accordance with the MAX concept. Seven P-MAX-vessels have been delivered and three will be delivered during 2010. These vessels, P-MAX, are product tankers of about 65,200 dwt. The MAX concept means that the vessels are designed for maximum loading capacity in shallow waters. They have been designed according to a new concept for safer oil transportation with double main engines in two completely separate engine rooms, double rudders and steering gear, two propellers and double control systems. www.concordia-maritime.se
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