Entering text into the input field will update the search result below

TORM's (TRMD) CEO Jacob Meldgaard on Q4 2017 Results - Earnings Call Transcript

Mar. 09, 2018 6:21 PM ETTORM plc (TRMD)
SA Transcripts profile picture
SA Transcripts

TORM plc (NASDAQ:TRMD) Q4 2017 Earnings Conference Call March 8, 2018 9:00 AM ET


Christian Søgaard-Christensen - Chief Financial Officer

Jacob Meldgaard - Chief Executive Officer


Dan Togo - Handelsbanken


Thank you for standing by. And welcome to the TORM’s Annual Report 2017 webcast. At this time, all audio participants are on a listen-only mode. During the presentation, we will have a question-and-answer session [Operator Instructions]. Alternatively, you can submit question at any time via the webcast. I must advise you that this webcast is being recorded today, today, Thursday, the 8th of March, 2018.

I would now like to hand the webcast over to your presenter, Mr. Christian Søgaard-Christ. Please go ahead.

Christian Søgaard-Christensen

Thank you. And thank you for dialing in. And welcome to TORM’s conference call regarding the results for the full year of 2017. My name is Christian Søgaard, and I am the CFO of TORM. As usual, we will refer to the slide as we speak. And at the end of the presentation, we’ll open up for questions.

Next slide please. Before commencing, I would like to draw your attention to our usual Safe Harbor statement on this slide. Next slide please. With me today is Executive Director, Jacob Meldgaard, who will also be presenting. Slide four please. As we turn to the presentation of the full year 2017 results on this slide, I will hand over to Executive Director, Jacob Meldgaard.

Jacob Meldgaard

Thank you, Christian and thank you all for dialing in. Before I turn to our 2017 results, allow me to mention some of our main achievements here in 2017. First, during 2017, we have freed of carried total growth through new financing arrangements. Also in 2017, we have spent equivalent to $1.25 billion on vessel acquisitions. We bought six MR vessels of which two were already delivered in

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.