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Concordia Maritime: Stronger product tanker market

• Total income Q1:
SEK 124.1 (179.6) million

• EBITDA Q1:
SEK 29.7 (–45.7) million

• Result before tax Q1:
SEK –30.4 (–120.2) million

• Result per share after tax Q1:
SEK –0.64 (–2.54)

Events in the first quarter
• Sale of two P-MAX vessels
• P-MAX vessel Stena Polaris chartered out
• Technical design study for possible container conversion launched
• New long-term financial covenant terms

Events after the end of the quarter

• No significant events occurred after the end of the quarter.

Key figures
• Total income, SEK million: 124.1 (179.6)
• EBITDA, SEK million: 29.7 (–45.7)
• EBITDA, USD million: 3.2 (–5.4)
• Operating result, SEK million: –12.5 (–101.9)
• Result before tax, SEK million: –30.4 (–120.2)
• Result after tax, SEK million: –30.5 (–121.4)
• Equity ratio, %: 14 (25)
• Return on equity, %: neg (neg)
• Available liquid funds, including unutilised credit facilities, SEK million: 34.5 (232.7)
• Result per share after tax, SEK: –0.64 (–2.54)
• Equity per share, SEK: 5.80 (15.90)
• Lost-time injuries: 0 (0)
Source: Concordia Maritime

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