ZIM Integrated Shipping Sees FY23 Adjusted EBITDA Of $1.2B-$1.6B And Adjusted EBIT Loss Of $500M-$100M
Portfolio Pulse from Benzinga Newsdesk
ZIM Integrated Shipping has projected its FY23 Adjusted EBITDA to be between $1.2B and $1.6B, while it expects an Adjusted EBIT loss of $500M to $100M.
August 16, 2023 | 11:13 am
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ZIM Integrated Shipping expects FY23 Adjusted EBITDA of $1.2B-$1.6B and an Adjusted EBIT loss of $500M-$100M.
ZIM's projected EBITDA for FY23 indicates a strong operational performance. However, the expected EBIT loss suggests potential challenges in profitability. The impact on the stock price is uncertain as the positive EBITDA projection may be offset by the anticipated EBIT loss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100