About TORM
TORM is a company based in Copenhagen (Denmark) founded in 2002 was acquired by Oaktree Capital Management in April 2015. The company has 479 employees as of December 31, 2024. TORM has completed 3 acquisitions, including ME Production, OMC Outdoor and OMI Corp. TORM operates in a competitive market with competitors including Qube, ZIM, Hapag-Lloyd, Hyundai Merchant Marine and Star Bulk Carriers Corp, among others.
- Headquarter Copenhagen, Denmark
- Employees 479 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Torm Plc Class A
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Annual Revenue
$1.5 B (USD)2.6as on Dec 31, 2024
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Net Profit
$587.86 M (USD)-5.47as on Dec 31, 2024
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EBITDA
$761.99 M (USD)3.4as on Dec 31, 2024
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Latest Funding Round
Not available
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Investors
Danske Bank
& 5 more
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Employee Count
479
as on Dec 31, 2024
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Investments & Acquisitions
ME Production
& 2 more
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Acquired by
Oaktree Capital Management
(Apr 20, 2015)
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IPO & Listings of TORM
TORM is a publicly listed company on the OMXCOP with ticker symbol TRMD_A in Denmark, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
People of TORM
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Funding Insights of TORM
Investors in TORM
TORM has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Danske Bank, BNP Paribas and Oaktree Capital Management.
| Investor | Description | Founded Year | Domain | Location |
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Real estate fund, infrastructure fund, and private equity firm focused on multiple sectors
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Locked | Locked | Locked | |
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Financial services including banking and insurance are provided globally.
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Locked | Locked | Locked | |
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Banking & financial service provider
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Locked | Locked | Locked |
Investor details for TORM
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Investments & Acquisitions by TORM
TORM has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include ME Production, OMC Outdoor and OMI Corp.
Investment portfolio details for TORM
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Air-actuated boat lifts are manufactured and serviced by OMC Outdoor.
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Locked | Locked | 1992 | Locked | |
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International shipping of crude oil and refined products is provided.
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Locked | Locked | 1968 | Locked | |
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Marine exhaust gas cleaning systems are produced for maritime use.
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Locked | Locked | 1945 | Locked |
Complete acquisition details for TORM
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Financial Statements - TORM
Detailed financials for TORM
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Torm Comparisons
Peer comparison for TORM
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Competitors of TORM
TORM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Qube, ZIM, Hapag-Lloyd, Hyundai Merchant Marine and Star Bulk Carriers Corp, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Qube is recognized as Australia's largest integrated logistics provider.
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| Locked | Locked | Locked |
Maritime shipping services for containerized cargo are provided globally.
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| Locked | Locked | Locked |
Containerized cargo is transported globally by maritime fleet operations.
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| Locked | Locked | Locked |
Integrated logistics are delivered worldwide via specialized vessel operations.
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| Locked | Locked | Locked |
Dry bulk cargoes are transported globally via seaborne services.
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Detailed competitors of TORM
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Latest news on Torm
Complete news archive for TORM
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Frequently Asked Questions about TORM
TORM was founded in 2002 and raised its 1st funding round 9 years after it was founded.
TORM is headquartered in Copenhagen, Denmark.
As of Dec 31, 2024, the latest employee count at TORM is 479.
Annual revenue of TORM is $1.5B as on Dec 31, 2024.
TORM was founded in 2002 and is headquartered in Copenhagen, Denmark. Operations are focused on the shipping sector, where a fleet of approximately 160 vessels is managed for product tanker and dry bulk transport. Services include the carriage of oil and gasoline products via tankers. The company is listed on Nasdaq Copenhagen, with its domain established as torm.com.
TORM's top competitors include Hyundai Merchant Marine, ZIM and Qube.
Yes, TORM is publicly traded on OMXCOP under the ticker symbol TRMD_A.
TORM has made 3 acquisitions, including ME Production, OMC Outdoor, and OMI Corp.
TORM has 6 investors. Key investors include Danske Bank, BNP Paribas, Oaktree Capital Management, SEB, and HCOB.
The ticker symbol of TORM is TRMD_A on OMXCOP.