News / With Q2 profits of $1.34bn, Zim says it can safely sail through any downturn

18/08/2022

Israeli carrier Zim posted a net profit of $1.34bn for the second quarter, for an interim H1 result of $3bn, and believes it can navigate any downturn in the liner markets.

The carrier reaffirmed its full-year guidance of an adjusted ebit of $6.3bn, to $6.7bn.

“We feel confident in our ability to develop quarter after quarter of profit,” Zim CFO Xavier Destriau told investors at yesterday’s Q2 earnings call.

Revenue for the period was $3.4bn, from a 7% year-on-year decrease in liftings, to ...

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Jonathan yale
September 21, 2022 at 10:29 pm
Slow economic growth in both China and the USA are affecting volume. Does ZIM management have an updated guidance? What steps can they take to manage this unexpected downturn?

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