TORM A/S — Credit Rating and Financial Key Figures
CVR number: 22460218
Tuborg Havnevej 18, 2900 Hellerup
tel: 39179393
Income statement (mUSD)
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Fiscal period length | 12 | 12 | 12 | 12 | 12 |
| Net sales | 739.00 | 619.28 | 1 440.37 | 1 481.36 | 1 463.63 |
| Other operating income | 0.63 | 7.84 | 74.52 | 283.84 | |
| Costs of manufacturing | - 240.79 | - 458.86 | - 406.15 | - 389.99 | |
| External services | - 251.03 | - 237.80 | - 207.00 | - 230.35 | |
| Gross profit | 739.00 | 127.46 | 743.71 | 720.93 | 639.10 |
| Costs of management | -35.02 | -32.84 | -49.58 | -55.90 | |
| Social security expenses | - 147.28 | - 204.20 | |||
| Other operating expenses | -16.70 | -11.32 | -13.65 | -22.26 | |
| Total depreciation | -31.63 | - 116.98 | - 135.59 | - 140.66 | |
| EBIT | -64.00 | 44.73 | 586.52 | 597.07 | 707.22 |
| Other financial income | 0.34 | 5.46 | 34.89 | 15.11 | |
| Other financial expenses | -30.76 | -60.18 | -80.96 | -48.16 | |
| Reduction non-current investment assets | -6.85 | 4.60 | |||
| Net income from associates (fin.) | 18.95 | 8.28 | 20.52 | 307.85 | |
| Pre-tax profit | 26.41 | 544.68 | 571.52 | 982.02 | |
| Income taxes | -1.19 | -1.09 | -1.35 | -0.78 | |
| Net earnings | 25.21 | 543.60 | 570.17 | 981.25 |
Assets (mUSD)
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Intangible rights | 0.65 | 0.79 | 1.01 | ||
| Intangible assets total | 0.65 | 0.79 | 1.01 | ||
| Land and waters | 2.93 | 1.84 | 0.76 | 5.25 | |
| Buildings | 4.85 | 2.93 | 2.29 | 1.10 | |
| Machinery and equipment | 1 643.95 | 1 614.14 | 1 693.48 | 1 629.90 | |
| Advance payments and construction in progress | 12.00 | ||||
| Tangible assets total | 1 663.73 | 1 618.91 | 1 696.53 | 1 636.25 | |
| Holdings in group member companies | 126.26 | 128.43 | 179.03 | 6.81 | |
| Participating interests | 1.47 | 0.08 | 0.08 | 0.08 | |
| Investments total | 2 073.00 | 127.73 | 128.50 | 179.11 | 6.89 |
| Non-current loans receivable | 0.20 | ||||
| Long term receivables total | 0.20 | ||||
| Finished products/goods | 48.66 | 60.99 | 57.40 | 55.05 | |
| Inventories total | 48.66 | 60.99 | 57.40 | 55.05 | |
| Current trade debtors | 83.22 | 255.62 | 193.53 | 128.88 | |
| Current amounts owed by group member comp. | 5.04 | 0.09 | 66.75 | 3.14 | |
| Prepayments and accrued income | 4.98 | 9.15 | 8.74 | 10.03 | |
| Current other receivables | 31.12 | 16.98 | 21.75 | 28.76 | |
| Short term receivables total | 124.36 | 281.84 | 290.76 | 170.82 | |
| Cash and bank deposits | 143.84 | 296.86 | 262.99 | 169.45 | |
| Cash and cash equivalents | 143.84 | 296.86 | 262.99 | 169.45 | |
| Balance sheet total (assets) | 2 073.00 | 2 108.32 | 2 387.96 | 2 487.57 | 2 039.45 |
Equity and liabilities (mUSD)
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Share capital | 519.00 | 141.95 | 141.95 | 141.95 | 180.77 |
| Shares repurchased | - 117.13 | -1 274.96 | |||
| Other reserves | 5.90 | 5.90 | 123.02 | 1 280.86 | |
| Other restricted equity | -1.53 | 0.39 | 0.04 | -2.17 | |
| Retained earnings | 372.67 | 399.44 | 841.72 | 158.74 | |
| Profit of the financial year | 25.21 | 543.60 | 570.17 | 981.25 | |
| Shareholders equity total | 519.00 | 544.19 | 1 091.27 | 1 559.78 | 1 324.48 |
| Provisions | 18.30 | 6.50 | |||
| Non-current loans from credit institutions | 440.81 | 484.03 | 496.37 | 444.36 | |
| Non-current owed to group member | 806.28 | ||||
| Non-current deferred tax liabilities | 45.18 | 47.33 | 47.44 | 47.49 | |
| Non-current liabilities total | 1 292.27 | 531.36 | 543.81 | 491.85 | |
| Current loans from credit institutions | 41.78 | 50.13 | 71.32 | 57.20 | |
| Advances received | 2.70 | 4.01 | |||
| Current trade creditors | 34.59 | 45.74 | 37.90 | 39.52 | |
| Current owed to group member | 149.35 | 639.06 | 235.56 | 76.10 | |
| Short-term deferred tax liabilities | 0.01 | 0.80 | |||
| Other non-interest bearing current liabilities | 27.83 | 23.11 | 36.51 | 46.28 | |
| Current liabilities total | 253.56 | 758.84 | 383.99 | 223.12 | |
| Balance sheet total (liabilities) | 519.00 | 2 108.32 | 2 387.96 | 2 487.57 | 2 039.45 |
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