TORM A/S: Financial statements 2024
CVR: 22460218
Source: annual report 2024, Danish Business Authority
01/01/2024 – 31/12/2024
TORM A/S (CVR 22460218) has filed annual accounts for 2024. In 2024, the company reported revenue of USD 1,463,625,000 and a net result of USD 981,249,000 compared with USD 570,171,000 the year before. That is a decrease of 1.2% compared with the year before. The profit margin was 67%. Equity in the 2024 report amounted to USD 1,324,484,000. The solvency ratio was 64.9%.
- Revenue
- USD 1,463,625,000
- Gross Profit
- USD 639,096,000
- Profit/Loss
- USD 981,249,000
- Equity
- USD 1,324,484,000
- Total Assets
- USD 2,039,455,000
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2024 | 1.5 mia. USD | 639.1 mio. USD | 981.2 mio. USD | 1.3 mia. USD | - |
| 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 |
Official annual report
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As of September 5, 2024, EY Godkendt Revisionspartnerselskab has been appointed auditor of TORM A/S.
TORM A/S has published its annual report for 2023. Revenue came to DKK 1,481,363,000, and the net result was DKK 570,171,000.
As of April 17, 2024, Liv Kjær has joined the board of directors of TORM A/S.
As of April 17, 2024, Christian Gorrissen has left the board of directors of TORM A/S.
As of March 26, 2024, Kim Balle has joined the board of directors of TORM A/S.
As of March 26, 2024, Lars Christensen has left the board of directors of TORM A/S.
As of March 25, 2024, Kim Balle 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.