TORM A/S: Financial statements 2016
CVR: 22460218
Source: annual report 2016, Danish Business Authority
01/01/2016 – 31/12/2016
TORM A/S (CVR 22460218) has filed annual accounts for 2016. In 2016, the company reported revenue of USD 666,993,000 and a net result of USD -794,898,000 compared with USD 125,983,000 the year before. That is an increase of 23.4% compared with the year before. The profit margin was -119.2%. Equity in the 2016 report amounted to USD 302,797,000. The solvency ratio was 24.6%. The company had 271 employees in the financial year.
- Revenue
- USD 666,993,000
- Gross Profit
- USD -61,645,000
- Profit/Loss
- USD -794,898,000
- Equity
- USD 302,797,000
- Total Assets
- USD 1,230,648,000
- Employees
- 271
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2016 | 667 mio. USD | -61.6 mio. USD | -794.9 mio. USD | 302.8 mio. USD | 271 |
| 2015 | 540.4 mio. USD | 235.9 mio. USD | 126 mio. USD | 976 mio. USD | - |
| 2014 | 624.2 mio. USD | 123 mio. USD | -284.2 mio. USD | -164 mio. USD | - |
Official annual report
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TORM A/S has published its interim report for the period April 1, 2016 – June 30, 2016.
As of June 2, 2016, Christian Gorrissen has joined the board of directors of TORM A/S.
As of June 2, 2016, Christian Søgaard-Christensen has joined the board of directors of TORM A/S.
As of June 2, 2016, Jacob Balslev Meldgaard has joined the board of directors of TORM A/S.
As of June 2, 2016, Torben Janholt has left the board of directors of TORM A/S.
As of June 2, 2016, Christopher Helmut Boehringer has left the board of directors of TORM A/S.
As of June 2, 2016, Pär Göran Trapp has left the board of directors of TORM A/S.
As of June 2, 2016, David Weinstein has left the board of directors of TORM A/S.
As of June 2, 2016, Jeffrey S Stein has left the board of directors of TORM A/S.
As of June 2, 2016, Eugene Irwin Davis has left the board of directors of TORM A/S.
About TORM A/S
TORM A/S is a Danish company of the type Aktieselskab based in Hellerup, founded in 1999. The company is registered under the industry Sø- og kysttransport af gods. The company was previously named AKTIESELSKABET 'DAMPSKIBSSELSKABET TORM' and AKTIESELSKABET 'DAMPSKIBSSELSKABETTORM'. The management consists of Jacob Balslev Meldgaard. The board consists of Kim Balle (chair), Jacob Balslev Meldgaard, Lene Stampe Sørensen and Liv Kjær. The company is owned by TORM plc. The company has 247 employees (2018). In 2025, the company reported revenue of USD 1,018,993,000 and a net result of USD 100,258,000 compared with USD 981,249,000 the year before. Equity in the 2025 report amounted to USD 1,451,569,000.