TORM plc(TRMD) - 2021 Q4 - Annual Report

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 ...