ZIM's new outlook on 2022
For the Haifa-headquartered shipping company ZIM, business in Q1/2022 continued the previous year's trend. Unlike some other carriers, ZIM was able to grow its volumes by 5% compared to Q1/2021. The company's adjusted ebitda amounted to USD, 2.5 billion, while net profit reached USD 1.7 billion.
Eli Glickman, ZIM president & CEO, spoke of the expansion of activities and based the carrier's outlook on these results: “We have launched ten new lines since the beginning of 2022, and we increased our carried volume quarter-over-quarter during a time when overall industry volume decreased. We are increasing our full year 2022 guidance, and now expect to generate adjusted ebitda between USD 7.8 billion and USD 8.2 billion.” (sh)