TORM A/S: Financial statements 2023
CVR: 22460218
Source: annual report 2023, Danish Business Authority
01/01/2023 – 31/12/2023
TORM A/S (CVR 22460218) has filed annual accounts for 2023. In 2023, the company reported revenue of USD 1,481,363,000 and a net result of USD 570,171,000 compared with USD 543,598,000 the year before. That is an increase of 2.9% compared with the year before. The profit margin was 38.5%. Equity in the 2023 report amounted to USD 1,559,777,000. The solvency ratio was 62.7%.
- Revenue
- USD 1,481,363,000
- Gross Profit
- USD 720,935,000
- Profit/Loss
- USD 570,171,000
- Equity
- USD 1,559,777,000
- Total Assets
- USD 2,487,575,000
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2023 | 1.5 mia. USD | 720.9 mio. USD | 570.2 mio. USD | 1.6 mia. USD | - |
| 2022 | 1.4 mia. USD | 743.7 mio. USD | 543.6 mio. USD | 1.1 mia. USD | 227 |
| 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 |
Official annual report
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TORM A/S has published its annual report for 2022. Revenue came to DKK 1,440,000,000, and the net result was DKK 543,598,000.
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.