ZIM Integrated Shipping Sees FY24 Adj. EBITDA Of $850M-$1.45B, Adj. EBIT Of $(300)M To $300M
Portfolio Pulse from Benzinga Newsdesk
ZIM Integrated Shipping projects its FY24 adjusted EBITDA to be between $850M and $1.45B, with an adjusted EBIT ranging from a loss of $300M to a gain of $300M.
March 13, 2024 | 11:04 am
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ZIM Integrated Shipping anticipates its FY24 adjusted EBITDA to be between $850M and $1.45B, and its adjusted EBIT to range from a $300M loss to a $300M gain.
The wide range in ZIM's financial projections for FY24 suggests a level of uncertainty in its business environment, yet the positive upper bounds for both EBITDA and EBIT indicate potential for strong performance. This could lead to increased investor confidence and a positive short-term impact on ZIM's stock price, especially if investors focus on the upper end of the projections.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100