Company Information

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Address: TUBORG HAVNEVEJ 18
DK-2900 HELLERUP 
City: DENMARK 
State:  
Zip Code: 00000 
Telephone: 45 39 17 92 00 


Description of Business


Primary SIC Code: 4400
(As filed with the SEC)  

We are Aktieselskabet Dampskibsselskabet Torm, or TORM, a Danish shipping company founded in 1889 under the Danish Companies Act that is engaged primarily in the ownership and operation of product tankers and bulk carriers. We have also provided liner and offshore marine service vessels, but ceased these services in September 2002 and December 2003, respectively. Our product tankers primarily carry refined products such as naphtha, gasoline, gas oil, jet fuel, and diesel oil. Our dry bulk vessels carry commodities such as coal, iron ore and grain. Our vessels trade worldwide. Our registered office and principal place of business is at Tuborg Havnevej 18, DK-2900 Hellerup, Denmark. Our telephone number is +45 39179200. All the financial information presented in Item 4 is in accordance with IFRS.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20084.40NA5.41
12/200711.40NA3.09

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2007 Leverage 2007
Net Inc/Comm Equity18.42Total Liab/Total Assets0.64
Net Inc/Total Assets0.27Total Liab/Inv Cap1.47
Net Inc/Inv Cap0.62Total Liab/Comm Equity43.87
Pretax Inc/Net Sales1.25Interest Coverage Ratio11.93
Net Inc/Net Sales1.23Curr Debt/Equity0.71
Cash Flow/Net Sales0.32LTD/Equity0.82
SG&A/NetSales0.11Total Debt/Equity1.53
Asset Utilization   Liquidity  
Net Receivables Turnover6.75Quick Ratio0.26
Inventory Turnover17.98Current Ratio0.29
Inventory Day Sales0.04Net Rec/Curr Assets0.46
Net Sales/Work Cap-0.99Inv/Curr Assets0.08
Net Sales/PP&E0.25  

Income Statement (Millions)

  12/31/2007 12/31/2006 12/31/2005 12/31/2004
Total Revenues(Net Sales) 644.97 455.39 586.98 476.18
Cost of Goods Sold 287.35 183.95 272.02 211.40
Selling & Admin Exps 68.74 34.59 18.61 17.04
Operating Income 204.98 246.83 303.19 209.09
Interest Exp 73.60 NA 3.82 NA
Pretax Income 804.22 241.09 299.37 428.01
Other Income 672.84 -1.05 NA 218.93
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 791.68 238.11 299.36 418.37

Balance Sheet (Millions)

Assets 12/31/2007 12/31/2006 12/31/2005 12/31/2004
Cash & Short Term Investments 117.98 33.04 156.97 123.93
Receivables - Total 119.80 71.19 70.88 48.93
Inventories - Total 19.82 12.13 10.87 5.84
Total Current Assets 262.35 120.91 238.71 183.63
Net Property, Plant & Equipment 2,553.44 1,140.36 1,210.43 690.12
Total Assets 2,966.56 2,089.02 1,810.14 1,243.25
Liabilities        
Accounts Payable 44.31 23.34 32.30 32.50
Debt in Current Liabilities 769.94 55.90 59.93 62.31
Total Current Liabilities 916.95 106.32 121.84 116.08
Long-Term Debt 884.58 639.07 729.09 334.20
Total Liabilities 1,885.33 817.57 905.49 450.29
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 61.10 61.10 61.10 66.76
Retained Earnings 962.32 574.49 415.31 634.54
Treasury Stock -18.12 -18.12 -7.71 NA
Total Stockholders' Equity 1,081.23 1,271.45 904.65 792.96
Total Liabilities and Stockholders' Equity 2,966.56 2,089.02 1,810.14 1,243.25

Cash Flow Summary (Millions)

Categories 12/31/2007 12/31/2006 12/31/2005 12/31/2004
Net Cash Provided by Operating Activities 205.21 232.50 261.11 256.15
Net Cash Provided by Investing Activities -363.65 -117.60 -473.14 -204.93
Net Cash Provided by Financing Activities 243.39 -238.60 303.23 -15.15

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2003325.06177.20--
12/2004476.18418.37--
12/2005586.98299.36--
12/2006455.39238.11--
12/2007644.96791.6811.40
Growth Rates18.6845.38--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/09191510.21




Report Date : 6/23/2009

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