Last kr0.65 DKK
Change Today +0.0555 / 9.39%
Volume 4.5M
TORM On Other Exchanges
Symbol
Exchange
Copenhagen
OTC US
Frankfurt
As of 11:01 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

torm a/s (TORM) Snapshot

Open
kr0.59
Previous Close
kr0.59
Day High
kr0.68
Day Low
kr0.59
52 Week High
10/30/13 - kr2.02
52 Week Low
08/20/14 - kr0.53
Market Cap
470.7M
Average Volume 10 Days
1.1M
EPS TTM
kr-0.49
Shares Outstanding
728.0M
EX-Date
04/24/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TORM A/S (TORM)

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torm a/s (TORM) Details

TORM A/S, a shipping company, together with its subsidiaries, owns and operates product tankers and dry bulk carriers worldwide. It operates in two segments, Tanker and Bulk. The Tanker segment transports refined oil products, such as gasoline, jet fuel, naphtha, and diesel oil. As of December 31, 2013, this segment owned a fleet of 60 product tankers. The Bulk segment transports dry cargo covering commodities, including coal, grain, iron ore, etc. through a fleet of approximately 10 vessels. The company was founded in 1889 and is based in Hellerup, Denmark.

428 Employees
Last Reported Date: 03/5/14
Founded in 1889

torm a/s (TORM) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $957.0K
Compensation as of Fiscal Year 2013.

torm a/s (TORM) Key Developments

TORM A/S Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Earnings Guidance for the Full Year of 2014; Reports Impairment Charges

TORM A/S reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was USD 148.6 million against USD 289.4 million a year ago. EBITDA was USD 13.6 million against USD 24.8 million a year ago. Operating loss (LBIT) was USD 6.5 million against USD 11.8 million a year ago. Loss before tax was USD 23.9 million against USD 30.1 million a year ago. Net loss for the period was USD 22.8 million or USD 0.0 per basic and diluted share against USD 30.2 million or USD 0.0 per basic and diluted share a year ago. Net cash flow from operating activities was USD 14.6 million against USD 27.7 million a year ago. Investment in tangible fixed assets was USD 10.8 million against USD 7.5 million a year ago. For eth six months, revenue was USD 331.5 million against USD 567.6 million a year ago. EBITDA was USD 34.1 million against USD 60.6 million a year ago. Operating loss (LBIT) was USD 209.6 million against USD 7.8 million a year ago. Loss before tax was USD 245.9 million against USD 46.0 million a year ago. Net loss for the period was USD 245.4 million or USD 0.3 per basic and diluted share against USD 46.5 million or USD 0.1 per basic and diluted share a year ago. Net cash flow from operating activities was USD 24.3 million against USD 38.5 million a year ago. Investment in tangible fixed assets was USD 22.9 million against USD 16.4 million a year ago. For the full year of 2014, the company adjusts the forecasts to a positive EBITDA of USD 50 million to USD 70 million from USD 70 million to USD 100 million and a loss before tax of USD 290 million to USD 310 million from USD 260 million to USD 290 million. The company expects to be operating cash flow positive after full interest payments. For the quarter, the company reported impairment losses on tangible and intangible assets of USD 2.6 million compared to negative USD 5.0 million for the same period a year ago.

TORM A/S, Q2 2014 Earnings Call, Aug 14, 2014

TORM A/S, Q2 2014 Earnings Call, Aug 14, 2014

TORM A/S Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for 2014; Announces Impairment Charges

TORM A/S announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of USD 182.9 million against USD 278.2 million a year ago. EBITDA was USD 20.5 million against USD 35.8 million a year ago. Operating loss was USD 203.1 million against operating profit of USD 4.0 million a year ago. Net loss for the period was USD 222.6 million against USD 16.3 million a year ago. Diluted loss per share was USD 0.3 against USD 0.0 a year ago. Net cash flow from operating activities was USD 9.8 million against USD 10.7 million a year ago. Investment in tangible fixed assets was USD 12.1 million against USD 8.9 million a year ago. Net interest-bearing debt amounted to USD 1,662 million as at March 31, 2014. For the full year 2014, the adjusts the forecasts for a positive EBITDA of USD 70 million to USD 100 million and a loss before tax of USD 260 million to USD 290 million. As at March 31, 2014, 12,594 earning days for 2014 were unfixed, meaning that a change in freight rates of USD/day 1,000 will impact the forecasts by USD 13 million. The forecasts are before any potential further vessel sales or impairment charges. The company expects to be operational cash flow positive after full interest payments. For the quarter, the company announced impairment losses on tangible and intangible assets of USD 195.0 million.

 

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TORM Competitors

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Company Last Change
Concordia Maritime AB kr13.50 SEK +0.20
d'Amico International Shipping SA €0.49 EUR -0.0053
Glencore PLC 362.40 GBp +1.90
Kirby Corp $119.29 USD -0.22
Mitsui OSK Lines Ltd ¥381.00 JPY +1.00
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Industry Analysis

TORM

Industry Average

Valuation TORM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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