Zim Integrated Shipping Services Ltd Aktie News

Zim shares have been hit hard by a slowdown in global shipping demand. The company burned cash and reported a loss in 2023.

ZIM Integrated Shipping Services Ltd. (ZIM) Q4 2023 Earnings Call Transcript

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Zim Integrated Shipping Services Ltd (NYSE: is in the red today even though it reported better-than-expected earnings for its fourth financial quarter. Zim Integrated's outlook for fiscal 2024 Shares are still trending down perhaps because investors are not fully content with the guidance.

Full Year 2023 Revenue of $5,162 Million and Net Loss of $2,688 Million 1 Adjusted EBITDA and Adjusted EBIT in Line with Guidance: Adjusted EBITDA 2  of $1,049 Million and Adjusted EBIT 2  Loss of $422 Million Full Year 2024 Outlook: Adjusted EBITDA of $850 Million to $1,450 Million and Adjusted EBIT Loss of $300 Million to Earnings of $300 Million 3 HAIFA, Israel , March 13, 2024 /PRNewswire/ ...

Zim shares soared in January after tensions in the Middle East caused shipping rates to surge but gave back some of those gains in February as investors realized how complex the situation was. Investors buying and selling based on geopolitical headlines are in danger of capsizing.

HAIFA, Israel , Feb. 26, 2024 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today that the Company will release its fourth quarter and full year 2023 financial results on Wednesday, March 13, 2024, before the U.S. financial markets open.

Zim Integrated Shipping Services is paying higher rates for shipping due to the attacks in the Red Sea.