ZIM Integrated Shipping reports Q3 sales up 117% to $2.77B, boosting dividends and raising EBITDA guidance.

ZIM Integrated Shipping Services reported a significant 117% increase in Q3 sales to $2.77 billion, driven by a 12% rise in cargo volume and a 118% hike in average freight rates. The company also saw a 626% jump in adjusted EBITDA to $1.53 billion. ZIM declared a total dividend of $440 million, including a regular and special dividend, and raised its full-year EBITDA guidance to $3.3-$3.6 billion. Shares rose 9% in pre-market trading.

November 20, 2024
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