ZIM Reports Financial Results for the First Quarter of 2021

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Go back to ZIM Reports Financial Results for the First Quarter of 2021

ZIM Integrated Shipping Services Ltd. (ZIM) Tops Q1 EPS by 52c, Revenues Beat

May 19, 2021 7:06 AM EDT

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) reported Q1 EPS of $5.13, $0.52 better than the analyst estimate of $4.61. Revenue for the quarter came in at $1.74 billion versus the consensus estimate of $1.66 billion.

First Quarter 2021 Highlights

Net income for the first quarter was $589.6 million (compared to a loss of $11.9 million in the first quarter of 2020), or $5.35 per share1Adjusted EBITDA2 for the first quarter was $820.5 million, a year-over-year increase of 744%Operating income (EBIT) for the first quarter was $683.5 million, a year-over-year increase of 2,645%Adjusted EBIT for the first quarter was $687.8 million, a... More