[ad_1]
-
ZIM Built-in Delivery Companies Ltd (NYSE: ZIM) reported third-quarter FY22 gross sales development of three% year-on-year to $3.23 billion, beating the consensus of $3.18 billion.
-
Carried quantity in Q3 was 842 thousand TEUs, a year-over-year lower of 5%.
-
The working margin was 47.8%, and the working revenue was $1.5 billion.
-
The corporate held $4.4 billion in money and equivalents as of September 30, 2022.
-
Adjusted EBITDA decreased 7% Y/Y to $1.93 billion with an adjusted EBITDA margin of 60%.
-
Web debt as of September 2022 was $250 million.
-
EPS of $9.66 beat the analyst consensus of $9.54.
-
ZIM’s Board declared a money dividend of roughly $354 million, or $2.95 per atypical share, payable on December 7, 2022, to holders of ZIM atypical shares as of November 29, 2022.
-
“Pushed by macroeconomic and geopolitical uncertainties, the near-term outlook for container delivery has shifted and the normalization in freight charges has begun,” mentioned CEO Eli Glickman.
-
Outlook: ZIM Built-in Delivery diminished its FY22 adjusted EBITDA forecast to $7.4 billion – $7.7 billion (prior view $7.8 billion – $8.2 billion).
-
Value Motion: ZIM shares are buying and selling greater by 1.61% at $26.79 on the final verify Wednesday.
See extra from Benzinga
Do not miss real-time alerts in your shares – be a part of Benzinga Professional without cost! Attempt the instrument that may make it easier to make investments smarter, sooner, and higher.
© 2022 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
Source link