TORM (One-pager): Best in class earnings despite softer tanker rates in 2025
Read the latest TORM One-pager update following the FY2024 results. The one-pager includes a brief description of TORM, an update to the product tanker market, the latest financials, and valuation perspectives relative to a peer group. It also outlines several key investment risks and key investment reasons.
TORM realized TCE Earnings of USD 1,134.8 million FY2024, a small increase from FY2023 of USD 1,083.8 million, while EBITDA FY2024 was USD 850.8 million compared to USD 847.9 million in 2023. For 2025, TORM is guiding for TCE Earnings of USD 650-950 million and EBITDA of USD 350-650 million as tanker markets softened in Q4 2024 and into 2025.
Despite markets taking a step back in 2025, TORM is demonstrating best in class operational results with strong support from its ONE TORM platform to secure the best rates globally. Cash flow is expected to remain solid in 2025 with analysts expecting around 13% dividend yield FY2025.
To learn more about TORM, its outlook for 2025, and beyond, read the full One-pager or catch up on the latest FY2024 earnings presentation with TORM CEO Jacob Meldgaard and CFO Kim Balle (in Danish). Link: https://www.inderes.dk/videos/torm-praesentation-af-arsregnskabet-for-2024
Disclaimer: HC Andersen Capital receives payment from TORM for a DigitalIR/Corporate visibility subscription agreement. / Philip Coombes 18:00 07/03/2025
Torm
Torm är verksamt inom sjöfart. Idag innehas fokus på transport av flytande bränslen, inkluderat bensin, flygbränsle, olja och diesel. Bolaget förfogar över ett flertal fartyg i olika storlekar, anpassade för avancerad godstransport. För övrigt står hållbarhet och säkerhet för en viktig del av bolagets affärsverksamhet. Bolaget innehar verksamhet på global nivå och grundades ursprungligen 1889.
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