Helped by ship sales, among other things, Concordia Maritime managed to turn a deficit into profit in 2022, the company’s latest financial results report shows.
Total income
Q4: SEK 263.0 (151.2) million
Full year: SEK 686.1 (704.8) million
EBITDA
Q4: SEK 203.7 (36.6) million
Full year: SEK 374.1 (-82.6) million
Result before tax
Q4: SEK 142.8 (-308.2) million
Full year: SEK 126.1 (-658.2) million
Result per share after tax
Q4: SEK 2.95 (-6.45)
Full year: SEK 2.58 (-13.84)
Events in the third quarter
- Strong result due to vessel sales. Result for Q4 2021 negatively affected by impairment of SEK 267.7 million.
- Delivery of the sold vessels Stena Primorsk and Stena Performance.
- Sharp reduction in bank debt due to vessel sales.
- Profit-sharing of approximately SEK 22.3 million in Q4 2022.
The Board will propose a dividend of SEK 0 (0) per share to the 2023 AGM.
Key figures Jan-Dec 2022
- Total income, SEK million: 686.1 (704.8)
- EBITDA, SEK million: 374.1 (-82.6)
- EBITDA, USD million: 37.0 (-9.6)
- Operating result, SEK million: 216.9 (-583.5)
- Result before tax, SEK million: 126.1 (-658.2)
- Result after tax, SEK million: 123.3 (-660.4)
- Interest-bearing liabilities 577.3 (1.597,6)
- Equity ratio, %: 33 (14)
- Return on equity, %: 36 (neg)
- Available liquid funds, including unutilised credit facilities, SEK million: 98.0 (34.9)
- Result per share after tax, SEK: 2.58 (-13.84)
- Equity per share, SEK: 8.60 (6.21)
- Lost-time injuries: 0 (0)
