ZIM Reports Financial Results for the Fourth Quarter and Full Year 2020

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Go back to ZIM Reports Financial Results for the Fourth Quarter and Full Year 2020

ZIM Integrated Shipping Services Ltd. (ZIM) Reports Q4 EPS of $3.65 on Revenues of $1.36B

March 22, 2021 8:04 AM EDT

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) reported Q4 EPS of $3.65. Revenue for the quarter came in at $1.36 billion.

Fourth Quarter and Full Year 2020 Highlights

Net income for the fourth quarter was $366.4 million (compared to $1.2 million in the fourth quarter of 2019), or $3.65 per share1; net income for the full year was $524.2 million (compared to a loss of $13.0 million for the full year of 2019), or $5.18 per shareAdjusted EBITDA2 for the fourth quarter was $531.3 million, a year-over-year increase of 360%; Adjusted EBITDA for the full year was $1.04 billion, a year-over-year increase of 168%Operating... More