ZIM has reported a sharp drop in net profits in the 4th quarter of 2022, down
64% QoQ and 76% YoY. Zim’s earnings decline is larger than its peers with its 4Q
2022 EBIT margin the lowest amongst the main carriers that have reported their
results so far, apart from intra-regional carriers.
ZIM guided $100m- $500m EBIT for 2023 which remains in the high end relative to
the company’s pre-2020 EBIT performance. Over the 10 year period from 2009 to
2019, ZIM recorded cumulative EBIT losses totallin