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TORM plc(TRMD) - 2022 Q4 - Annual Report
2023-03-16 10:04
Annual Report (cid:300)(cid:298)(cid:300)(cid:300) TORM PLC OFFICE (cid:299)(cid:298)(cid:303), (cid:300)(cid:298) ST DUNSTAN’S HILL LONDON, EC(cid:301)R (cid:306)HL, UNITED KINGDOM COMPANY: (cid:298)(cid:307)(cid:306)(cid:299)(cid:306)(cid:305)(cid:300)(cid:304) Contents Strategic Report Governance Financial statements At a glance Governance introduction TORM at a glance (cid:302) Governance at TORM (cid:305)(cid:307) Consolidated financial statements Letter from the Chairman and the CEO (cid:304) Chairman ...
TORM plc(TRMD) - 2022 Q4 - Annual Report
2023-03-16 10:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ OR ☐ S ...
TORM plc(TRMD) - 2022 Q3 - Quarterly Report
2022-11-10 21:29
Exhibit 99.1 HIGHLIGHTS "Thanks to a strong market, TORM achieved the best quarterly results on record during the third quarter of 2022," says Executive Director Jacob Meldgaard, and continues "The healthy cash generation will enable us to distribute USD 119m in dividends to our shareholders; the highest ordinary distribution in TORM's history". RESULTS • Declared dividends for Q3 2022 of USD 1.46/share, with an expected total dividend of USD 119m. Expected payment date is 8 December 2022 based on sharehold ...
TORM plc(TRMD) - 2022 Q3 - Earnings Call Transcript
2022-11-10 19:35
TORM plc (NASDAQ:TRMD) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Andreas Abildgaard-Hein - Head of Investor Relations Jacob Meldgaard - Chief Executive Officer & Executive Director Kim Balle - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore Anders Karlsen - Kepler Cheuvreux Operator Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the TORM plc Third Quarter 2020 Results Call. Throughout today's recorded ...
TORM plc(TRMD) - 2022 Q2 - Earnings Call Transcript
2022-08-18 18:40
TORM plc (NASDAQ:TRMD) Q2 2022 Earnings Conference Call August 18, 2022 9:00 AM ET Company Participants Andreas Abildgaard-Hein - Head of Investor Relations Jacob Meldgaard - Chief Executive Officer & Executive Director Kim Balle - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore. Richard Diamond - Castlewood Capital Anders Karlsen - Kepler Cheuvreux Operator Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining TORM plc Six Months Ended and Second Q ...
TORM plc(TRMD) - 2022 Q2 - Quarterly Report
2022-05-11 21:07
Exhibit 99.1 HIGHLIGHTS "In Q1 2022, the product tanker markets showed a strong recovery resulting in a net profit of USD 10.4m. After the Russian invasion of Ukraine, the market is now the strongest for more than a decade. The market is currently trading above USD 40,000 on average per day for TORM's fleet." says Executive Director Jacob Meldgaard. | RESULT | In Q1 2022, TORM achieved TCE rates of USD/day 16,743 (2021, same period: USD/day 13,493) and an EBITDA of USD 60.4m (2021, same | | --- | --- | | | ...
TORM plc(TRMD) - 2022 Q1 - Earnings Call Transcript
2022-05-11 19:44
Torm PLC (NASDAQ:TRMD) Q1 2022 Earnings Conference Call May 11, 2022 11:00 AM ET Company Participants Andreas Abildgaard-Hein - VP, Head, Group Treasury & IR Jacob Meldgaard - CEO & Executive Director Kim Balle - CFO Conference Call Participants Jonathan Chappell - Evercore ISI Magnus Fyhr - H.C. Wainwright & Co. Operator Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining TORM plc First Quarter 2022 Results Call. [Operator Instructions]. I would now like to turn the conferen ...
TORM plc(TRMD) - 2021 Q4 - Annual Report
2022-03-23 21:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ OR ☐ S ...
TORM plc(TRMD) - 2022 Q1 - Quarterly Report
2022-03-23 20:01
Exhibit 99.1 CONTENTS STRATEGIC REPORT | AT A GLANCE | | --- | | Strategic Framework and Highlights | | TORM at a Glance | | Letter from the Chairman and CEO | | 2021 in Review | | The Product Tanker Market in 2021 | | Market Drivers and Outlook | | BUSINESS MODEL AND STRATEGIC CHOICES | | Value Chain in Oil Transportation | | Our Strategic Choices | | Leading Product Tanker Owner | | The TORM Fleet | | Solid Capital Structure | | Greener Future With Zero Carbon Emission Ambition | | Optimizing Performance ...
TORM plc(TRMD) - 2021 Q4 - Annual Report
2022-03-02 21:05
Exhibit 99.1 HIGHLIGHTS "After a challenging year in the product tanker market, we saw a recovery towards the end of 2021. On average, Q4 2021 rates were more than USD/day 1,000 higher than rates in Q4 2020 and Q3 2021 resulting in an EBITDA of USD 42.9m and a loss before tax of USD -8.0m," says Executive Director Jacob Meldgaard and adds: "In recent months, global oil demand has returned to 2019 levels, and we have seen improved freight rates, but also volatility that may be reinforced by the Russian invas ...