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Torm A/S (TRMD)
NASDAQ:TRMD
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.73Last Year’s EPS
2.26Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: 9.45%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a record year for TCE earnings and strong financial performance, with notable achievements in sustainability. However, the decline in freight rates, geopolitical challenges, and vessel value depreciation pose significant concerns. While the company maintains a strong operational and financial position, the external uncertainties present challenges moving forward.Company Guidance
During the TORM 2024 Annual Report Conference Call, CEO Jacob Meldgaard and CFO Kim Balle provided comprehensive guidance for the fiscal year. TORM achieved a record TCE (Time Charter Equivalent) earnings of $1.135 billion with a net profit of $612 million and a return on invested capital of 24.3%, despite a volatile market influenced by geopolitical factors, trade disruptions, and fluctuating oil demand. The company's fleet-wide rates were recorded at $39,626 per day for the first three quarters but dropped to $25,775 per day in Q4. Looking ahead, TORM forecasts 2025 TCE earnings between $650 million to $950 million and EBITDA ranging from $350 million to $650 million. The company has already fixed 84% of its earning days in Q1 at $26,612 per day and 27% of its 2025 earning days at $28,916 per day. They emphasized maintaining fleet efficiency, disciplined cost management, and a strategic approach to capital allocation, with a Q4 2024 dividend of $0.60 per share. The call highlighted potential challenges and opportunities driven by geopolitical developments, trade flow shifts, and market conditions, with a focus on adapting to these variables effectively.All-Time High TCE Earnings
TCE earnings climbed to a new all-time high of $1.135 billion, supported by fleet additions during the year.
Solid Net Profit and Return on Investment
Achieved a net profit of $612 million and a return on invested capital of 24.3% for the full year 2024.
Fleet Expansion and Operational Efficiency
Despite a decline in fleet-wide rates by about 40% from Q1 to Q4, TCE saw a smaller decline of 35%, demonstrating the positive impact of fleet expansion and operational efficiency.
Sustainability Achievements
Reached a 40% reduction in carbon intensity, meeting the IMO 2030 targets ahead of schedule, with a commitment to a 45% reduction by 2030.
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TRMD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TRMD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $16.83 | $18.81 | +11.76% |
| Nov 07, 2024 | $22.80 | $22.83 | +0.13% |
| Aug 15, 2024 | $32.76 | $33.01 | +0.76% |
| May 08, 2024 | $29.41 | $30.14 | +2.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Torm A/S (TRMD) report earnings?
Torm A/S (TRMD) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Torm A/S (TRMD) earnings time?
Torm A/S (TRMD) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRMD EPS forecast?
TRMD EPS forecast for the fiscal quarter 2025 (Q1) is 0.73.
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