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BRIEF-Torm PLC Q1 EBITDA Down At $18.9 Mln

05/12/2021 02:53
BRIEF-Torm PLC Q1 EBITDA Down At $18.9 Mln

- Torm PLC TRMD.O:

  • Q1 LOSS BEFORE TAX AMOUNTED TO USD -21.1M (2020, SAME PERIOD A PROFIT OF USD 56.8M)

  • Q1 EBITDA $18.9 MILLION VERSUS $101.5 MILLION YEAR AGO

  • BASED ON BROKER VALUATIONS, TORM'S FLEET INCLUDING NEWBUILDINGS HAD MARKET VALUE OF USD 1,705.1M AS OF END MARCH 2021

  • Q1 REVENUE $124.1 MILLION VERSUS $242.6 MILLION YEAR AGO

  • AS OF MAY 7, 2021 COVERAGE FOR Q2 WAS 78% AT USD/DAY 14,821

  • AS 14,236 EARNINGS DAYS IN 2021 ARE UNFIXED AS OF MARCH 31, A CHANGE IN FREIGHT RATES OF USD/DAY 1,000 WILL IMPACT FY PROFIT BEFORE TAX BY $14.2 MILLION

Source text for Eikon: ID:nGNE5j2Cv1

Further company coverage: TRMD.O


(Gdansk Newsroom)

(([email protected]; +48 58 769 66 00;))