Comment / Timeline essential: ZIM Q1 24 out – little left on the (income) bone

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First reaction: down -10% in pre-market trade to $17.3, after a roller coster that has been spectacular to watch this year.

Welcome to Zim’s Q1 24 numbers, just out!

Key figures span revenues of $1.56bn, net income of $92m, adjusted Ebitda of $427m and adjusted Ebit of $167m.

Investors expected stronger figures in terms of earnings power, but the top line was broadly in line with expectations.

(For more about the outlook, please click to expand the table below.)

The Israeli carrier upped full-year 2024 ...