CONCORDIA MARITIME AB

SWEDEN'S BEST ANNUAL REPORT 2019 IN SMALL CAP

The tanker shipping company Concordia Maritime has been high on the list for a long time with the best annual reports among the stock exchange's smaller companies, and has also won the small company class on a couple of previous occasions.

Behind the prize being now awarded for the 55th year in a row is FAR – a trade association in accounting, auditing and consulting, Nasdaq Stockholm, the Swedish Society of Financial Analysts and the Swedish Association of Communication Professionals. The aim is to honor companies that communicate financial information transparently, reliably and honestly. In this year’s competition, 310 Swedish corporations on Nasdaq Stockholm have been assessed.

JURY’S STATEMENT

One of the main strengths is the simplicity and good pedagogy that consistently characterizes the annual report. The annual report covers about 100 pages, which these days must be considered as a relatively limited scope. In a world where increasingly extensive legal requirements lead to bloated annual reports, Concordia Maritime manages to fully and interestingly describe all aspects of its business. We give extra praise to the company – despite the annual report being published as early as 20 March – for having had a relative abundance of information on how the corona virus is expected to affect operations.

“If you like what you do, you often do it well”

Says Kim Ullman, President, Concordia Maritime.

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