ZIM Integrated Shipping Services Increased Its 2024 Guidance, Now Expects Adjusted EBITDA Of $2.6B-$3B (Prior $1.15B-$1.55B)
Portfolio Pulse from Benzinga Newsdesk
ZIM Integrated Shipping Services has increased its 2024 guidance, now expecting adjusted EBITDA of $2.6 billion to $3 billion, up from the prior range of $1.15 billion to $1.55 billion.
August 19, 2024 | 11:08 am
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ZIM Integrated Shipping Services has significantly raised its 2024 adjusted EBITDA guidance to $2.6 billion-$3 billion from the previous $1.15 billion-$1.55 billion.
The substantial increase in ZIM's 2024 adjusted EBITDA guidance indicates a strong positive outlook for the company's financial performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100