Base case: current Hapag-Zim deal falls at Golden Share hurdle
Israel holds the key
What a year 2024 was for Zim. “Exceptional”, claimed CEO Eli Glickman: “Our best results ever outside the extraordinary earnings generated during the Covid period.”
The numbers were strong – full-year revenues up 63% to $8.4bn. Adjusted Ebitda was $3.7bn and adjusted Ebit was $2.5bn, reversing the $2.51bn operating loss it booked in 2023. It saw adjusted Ebitda margin of 44% and adjusted Ebit margin of 30% and ended the year with total liquidity of $3.14 billion.
It declared a dividend of ...
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