ZIM reported exceptionally strong financial metrics and volume growth, supported by its fleet transformation and strategic initiatives. Despite potential oversupply and geopolitical uncertainties, the company remains confident in its agile business model and future profitability. The decision to raise guidance and declare a special dividend reflects a positive outlook.

Company Guidance

During the ZIM Integrated Shipping Services Q3 2024 earnings call, the company provided an optimistic outlook and revised their full-year guidance upward. They now anticipate a full-year adjusted EBITDA between $3.3 billion to $3.6 billion and adjusted EBIT between $2.15 billion to $2.45 billion. The third quarter was marked by a record net income of $1.1 billion, with revenue reaching $2.8 billion, driven by a carried volume of 970,000 TEU, which represented a 12% year-over-year increase. The company also declared a special dividend of $100 million, alongside the regular dividend of $340 million, amounting to a total distribution of $3.65 per share. ZIM emphasized their strategic fleet renewal program, which includes the integration of LNG-powered vessels, enhancing operational efficiency and competitive positioning. Despite potential market volatility in the coming years, ZIM remains confident in its strong financial position and fleet transformation to navigate future challenges.

Record-Breaking Financial Performance

ZIM reported a net income of $1.1 billion and revenue of $2.8 billion in Q3 2024. Adjusted EBITDA was $1.5 billion, with a margin of 55%, and adjusted EBIT was $1.2 billion, with a margin of 45%.

Strong Volume Growth

Carried volume reached 970,000 TEU, a record high for ZIM, marking a 12% year-over-year growth, significantly outpacing the global container market growth of 5%.

Fleet Modernization and Efficiency

ZIM's fleet transformation is on track, with 42 of the 46 newbuild vessels delivered, including LNG-powered ships. By the end of 2024, 40% of the fleet's capacity will be LNG-powered, improving cost efficiency.

Increased Full-Year Guidance

ZIM raised its full-year 2024 guidance, expecting adjusted EBITDA between $3.3 billion and $3.6 billion, and adjusted EBIT between $2.15 billion and $2.45 billion.

Special Dividend Declaration

ZIM declared a special dividend of $100 million on top of a regular dividend of $340 million, with a total per share distribution of $3.65.

Strategic Collaborations

Operational collaborations with MSC and Hapag-Lloyd were established, enhancing network efficiency and customer offerings.

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ZIM Integrated Shipping Services (ZIM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ZIM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 22, 2021	2020 (Q4)	- / 3.50	-0.004	87600.00% (+3.50)	―	―
May 19, 2021	2021 (Q1)	4.70 / 5.35	-0.115	4752.17% (+5.46)	―	―
Aug 18, 2021	2021 (Q2)	6.06 / 7.38	0.205	3500.00% (+7.17)	―	―
Nov 17, 2021	2021 (Q3)	8.99 / 12.16	1.443	742.69% (+10.72)	―	―
Mar 09, 2022	2021 (Q4)	13.19 / 14.17	3.5	304.86% (+10.67)	―	―
May 18, 2022	2022 (Q1)	12.57 / 14.19	5.35	165.23% (+8.84)	―	―
Aug 17, 2022	2022 (Q2)	12.81 / 11.07	7.38	50.00% (+3.69)	―	―
Nov 16, 2022	2022 (Q3)	9.39 / 9.66	12.16	-20.56% (-2.50)
Mar 13, 2023	2022 (Q4)	2.21 / 3.44	14.17	-75.72% (-10.73)
May 22, 2023	2023 (Q1)	-0.22 / -0.50	14.19	-103.52% (-14.69)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ZIM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 20, 2024	$22.34	$22.54	+0.90%
Aug 19, 2024	$15.13	$17.67	+16.79%
May 21, 2024	$15.06	$14.34	-4.78%
Mar 13, 2024	$9.16	$7.91	-13.65%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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