TORM A/S: Financial statements 2018
CVR: 22460218
Source: annual report 2018, Danish Business Authority
01/01/2018 – 31/12/2018
TORM A/S (CVR 22460218) has filed annual accounts for 2018. In 2018, the company reported revenue of USD 634,540,000 and a net result of USD 245,132,000 compared with USD -7,742,000 the year before. That is a decrease of 3.4% compared with the year before. The profit margin was 38.6%. Equity in the 2018 report amounted to USD 444,624,000. The solvency ratio was 38.3%. The company had 267 employees in the financial year.
- Revenue
- USD 634,540,000
- Gross Profit
- USD -30,453,000
- Profit/Loss
- USD 245,132,000
- Equity
- USD 444,624,000
- Total Assets
- USD 1,159,539,000
- Employees
- 267
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2018 | 634.5 mio. USD | -30.5 mio. USD | 245.1 mio. USD | 444.6 mio. USD | 267 |
| 2017 | 657 mio. USD | 34.3 mio. USD | -7.7 mio. USD | 201.2 mio. USD | 280 |
| 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 annual report for 2017. Revenue came to DKK 657,006,000, and the net result was DKK -7,742,000.
As of March 27, 2018, Lars Christensen has joined the board of directors of TORM A/S.
As of March 27, 2018, Christian Søgaard-Christensen has joined the board of directors of TORM A/S.
As of March 26, 2018, Christian Søgaard-Christensen 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 255 employees (2026). 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.