Brief: Torm PLC Q1 EBITDA Down At $18.9 Mln

Torm

12/05/2021 07:53

May 12 (Reuters) - 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 

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