TORM A/S: Financial statements 2021
CVR: 22460218
Source: annual report 2021, Danish Business Authority
01/01/2021 – 31/12/2021
TORM A/S (CVR 22460218) has filed annual accounts for 2021. In 2021, the company reported revenue of USD 619,283,000 and a net result of USD 25,213,000 compared with USD -90,838,000 the year before. That is a decrease of 16.2% compared with the year before. The profit margin was 4.1%. Equity in the 2021 report amounted to USD 544,192,000. The solvency ratio was 25.8%. The company had 232 employees in the financial year.
- Revenue
- USD 619,283,000
- Gross Profit
- USD 127,460,000
- Profit/Loss
- USD 25,213,000
- Equity
- USD 544,192,000
- Total Assets
- USD 2,108,324,000
- Employees
- 232
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2021 | 619.3 mio. USD | 127.5 mio. USD | 25.2 mio. USD | 544.2 mio. USD | 232 |
| 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 |
Official annual report
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TORM A/S has published its annual report for 2020. Revenue came to DKK 739,360,000, and the net result was DKK -90,838,000.
As of June 25, 2021, Lene Stampe Sørensen has joined the board of directors of TORM A/S.
As of June 25, 2021, Susanne Lynggaard Jensen 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.