ZIM Reports Financial Results for the First Quarter of 2025
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ZIM Reports Financial Results for the First Quarter of 2025
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today its consolidated results for the three months ended March 31, 2025. Revenues were $2.01 billion and net income of $296 million. The average freight rate per TEU in the first quarter was $1,776, a year-over-year increase of 22%. The Company reaffirmed its 2025 outlook of Adjusted EBITDA between $1.6 billion and $2,2 billion and adjusted EBIT between $350 million and $950 million. ZIM declared a dividend of $0.74 per share, or $89 million, representing approximately 30% of our quarterly net income. The company is focused on controlling what we can and responding to market shifts quickly with decisive actions, says ZIM President & CEO, Eli Glickman. For more information about ZIM, visit: www.zimintegratedshipping.com/. For more on ZIM’s financial results, visit the company’s website.
Source: Finance.yahoo.com | Read full article
ZIM jumps as Q1 profit triples
ZIM Integrated Shipping Services Ltd. published positive results for the first quarter of 2025. The share price is up 10.91% on Wall Street, giving a market cap of $2.5 billion. ZIM continues to expect annual adjusted EBITDA of $1.6-2.2 billion and EBIT (earnings before interest and taxes) of $350-950 million. Since the start of 2025, the company’s share price has fallen 14%, but has climbed over 50% from the low it fell to last month amid the threat of US tariffs.
Source: En.globes.co.il | Read full article
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Source: https://finance.yahoo.com/news/zim-reports-financial-results-first-110000692.html