TORM PLC (NAS:TRMD)

$ 19.31 -0.53 (-2.67%) Market Cap: 1.94 Bil Enterprise Value: 2.74 Bil PE Ratio: 2.65 PB Ratio: 0.98 GF Score: 83/100

Q1 2020 Torm PLC Earnings Call Transcript

May 14, 2020 / 01:00PM GMT

Release Date Price: $7.64 (-5.45%)

Transcript

Morten Agdrup

TORM plc - VP and Head of Corporate Finance & Strategy

Thank you for dialing in, and welcome to TORM's conference call regarding the results for the first quarter of 2020. My name is Morten Agdrup, and I'm Head of Corporate Finance and Strategy in TORM.

As usual, we will refer to the slides as we speak. And at the end of the presentation, we will open up for questions.

Slide 2. Before commencing, I would like to draw your attention to our safe harbor statement. Slide 3, please. With me today, I have Executive Director, Jacob Meldgaard; and Chief Financial Officer, Kim Balle. I'll now hand the call over to Jacob.

Jacob Balslev Meldgaard

TORM plc - CEO & Executive Director

Okay. Slide 4, please. And thank you, Morten, and good afternoon, all.

Before we turn to the financial results and also the market, I'd like to take a short moment here to focus on safety. And safety is obviously top priority for TORM. It has had an even greater focus here during the COVID-19 pandemic. So as an integrated part of our culture

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