TRMD A Torm Plc

TORM plc to announce second quarter and first half 2021 results

TORM plc to announce second quarter and first half 2021 results

TORM plc (“TORM” or the “Company”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the second quarter and first half of 2021 on Tuesday, 10 August 2021.

The Company’s results will be presented at a conference call at 09:00 am Eastern Time / 03:00 pm Central European Time. If you wish to participate in the call, please dial (or +1 (646) 741 3167 for US connections) at least ten minutes prior to the start of the call to ensure connection and use 7166846 as conference ID. The presentation can be downloaded from

There will be a simultaneous live webcast via TORM’s website Participants should register on the website approximately ten minutes prior to the start of the webcast.

A telephonic replay of the conference call will be available until 24 August 2021 by dialing +44 (0) 333 3009785 (or +1 (866) 331 1332 for US connections) and using 7166846 as your access code.



CONTACT TORM plc
Andreas Abildgaard-Hein, IR, tel.: Birchin Court, 20 Birchin Lane
 London, EC3V 9DU, United Kingdom
 Tel.: 0
 



 

ABOUT TORM

TORM is one of the world’s leading carriers of refined oil products. The Company operates a fleet of approximately 80 modern vessels with a strong commitment to safety, environmental responsibility and customer service. TORM was founded in 1889. The Company conducts business worldwide. TORM’s shares are listed on Nasdaq in Copenhagen and on Nasdaq in New York (ticker: TRMD A and TRMD). For further information, please visit

SAFE HARBOR STATEMENTS AS TO THE FUTURE

Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and statements other than statements of historical facts. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions generally identify forward-looking statements.

The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond our control, the Company cannot guarantee that it will achieve or accomplish these expectations, beliefs or projections.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of the world economy and currencies, general market conditions, including fluctuations in charter hire rates and vessel values, the duration and severity of the COVID-19, including its impact on the demand for petroleum products and the seaborne transportation thereof, the operations of our customers and our business in general, changes in demand for “ton-miles” of oil carried by oil tankers and changes in demand for tanker vessel capacity, the effect of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled dry-docking, changes in TORM’s operating expenses, including bunker prices, dry-docking and insurance costs, changes in the regulation of shipping operations, including actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents, political events including “trade wars,” or acts by terrorists.

In light of these risks and uncertainties, you should not place undue reliance on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.

Except to the extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

Attachment



EN
03/08/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Torm Plc

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

Only minor adjustments ahead of Q1

Minor changes to estimates. ABGSC '25e EBITDA of USD 1,121m (+36% vs. cons.). TP of DKK 310 (314) – BUY

Torm Plc: 1 director

A director at Torm Plc sold 6,410 shares at 227.400DKK and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showin...

TORM receives a double requalification that leads to a downgrade to Ne...

TORM (DK), a company active in the Pipelines industry, sees its general evaluation downgraded to Neutral on account of a double requalification. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour has also deteriorated and is evaluated as moderately risky. theScreener believes that the loss of a star(s) and the increased risk justifies the general evaluation downgrade, which passes to Neutral. As of the analysis d...

 PRESS RELEASE

Capital increase in TORM due to exercise of Restricted Share Units as ...

Capital increase in TORM due to exercise of Restricted Share Units as part of the Company’s incentive program TORM plc (“TORM”) increases its share capital by 19,494 A-shares (corresponding to a nominal value of USD 194.94) as a result of the exercise of a corresponding number of Restricted Share Units. The capital increase is carried out without any pre-emption rights for existing shareholders or others. All the 19,494 new shares have been subscribed for in cash at DKK 47.4 per A-share. All with a nominal value of USD 0.01 each. The new shares are ordinary shares without any spec...

 PRESS RELEASE

Capital increase in TORM due to exercise of Restricted Share Units as ...

Capital increase in TORM due to exercise of Restricted Share Units as part of the Company’s incentive program TORM plc (“TORM”) increases its share capital by 106,121 A-shares (corresponding to a nominal value of USD 1,061.21) as a result of the exercise of a corresponding number of Restricted Share Units. The capital increase is carried out without any pre-emption rights for existing shareholders or others. 81,310 of the new shares have been subscribed for in cash at DKK 47.4 per A-share, the remaining 24,811 of the new shares have been subscribed for in cash at DKK 43.4 per A-share. Al...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch