TORM A/S: Financial statements 2020
CVR: 22460218
Source: annual report 2020, Danish Business Authority
01/01/2020 – 31/12/2020
TORM A/S (CVR 22460218) has filed annual accounts for 2020. In 2020, the company reported revenue of USD 739,360,000 and a net result of USD -90,838,000 compared with USD 271,456,000 the year before. That is an increase of 6.8% compared with the year before. The profit margin was -12.3%. Equity in the 2020 report amounted to USD 519,729,000. The solvency ratio was 25.1%. The company had 249 employees in the financial year.
- Revenue
- USD 739,360,000
- Profit/Loss
- USD -90,838,000
- Equity
- USD 519,729,000
- Total Assets
- USD 2,068,842,000
- Employees
- 249
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | 739.4 mio. USD | - | -90.8 mio. USD | 519.7 mio. USD | 249 |
| 2019 | 692.2 mio. USD | - | 271.5 mio. USD | 623.5 mio. USD | 282 |
| 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 |
Official annual report
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TORM A/S has published its annual report for 2019. Revenue came to DKK 692,225,000, and the net result was DKK 271,456,000.
As of May 27, 2020, EY Godkendt Revisionspartnerselskab has been appointed auditor of TORM A/S.
As of May 27, 2020, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of TORM A/S.
As of May 27, 2020, Christian Gorrissen has joined the board of directors of TORM A/S.
As of May 27, 2020, Lars Bjørn Rasmussen 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.