TORM Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

March 07, 2025

TORM (CPH:TRMD A) Full Year 2024 Results

Key Financial Results

Revenue: US$1.56b (up 2.6% from FY 2023).
Net income: US$612.5m (down 5.5% from FY 2023).
Profit margin: 39% (down from 43% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: US$6.54 (down from US$7.75 in FY 2023).

earnings-and-revenue-growth — CPSE:TRMD A Earnings and Revenue Growth March 7th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

TORM Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 3.4%.

Looking ahead, revenue is forecast to decline by 28% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat.

Performance of the market in Denmark.

The company's shares are up 3.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for TORM (1 is a bit concerning) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.